🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

UPDATE 1-UK Stocks-Factors to watch on Aug 30

Published 30/08/2016, 04:37 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Aug 30
UK100
-
BP
-
SHEL
-
BNZL
-
BHPB
-
HG
-
UK100
-
VALE
-
GLEN
-

(Adds company news items, futures)

Aug 30 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 13-18 points or 0.2-0.3 percent lower on Tuesday with futures FFIc1 trading down 0.3 percent ahead of the cash market open, according to financial bookmakers.

* The UK blue chip index closed up 21.15 points, or 0.3 percent on Friday at 6,838.05, after Federal Reserve Chair Janet Yellen indicated that a U.S. interest rate rise could come later this year, a relief for investors after last week's hawkish comments from some Fed policymakers. GLENCORE: Glencore Plc GLEN.L , the world's biggest thermal coal exporter, said on Tuesday a 55-year-old contract worker had died at its Newlands coal mine in Australia and it had suspended production at the mine. BHP BILLITON: The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA VALE5.SA and BHP Billiton BLT.L , was caused by drainage and design flaws, a report into Brazil's worst-ever environmental disaster showed on Monday. BP: BP BP.L has begun shutting in production at its Thunder Horse, Na Kika and Atlantis platforms in the U.S. Gulf of Mexico as a precaution against Tropical Depression Nine, according to a notification on the company's website. BUNZL: British business supplies distributor Bunzl Plc BNZL.L said on Tuesday it did not expect Britain's vote to leave the European Union to have a significant impact, after a string of deals helped it post a better-than-expected first-half profit. SHELL: Royal Dutch Shell Plc's RDSa.L North Sea assets that are being sold have attracted bidders such as Carlyle Group-funded Neptune and Siccar Point Energy. The companies are looking at a package of the assets offered by Shell as a part of the $30 billion disposal programme, the Financial Times reported. (http://on.ft.com/2c3O5wx)

Separately, Shell said it has agreed to sell certain assets in the Gulf of Mexico to independent oil and gas company EnVen Energy Corp for $425 million, plus royalty interests. UK SKILLS: Global accountant Deloitte has called on Britain's government not to clamp down on skilled migrants following Brexit, saying it could backfire on the economy. BREXIT: British Prime Minister Theresa May will not hold a parliamentary vote on Brexit before formally triggering Britain's withdrawal from the European Union, The Daily Telegraph reported on Saturday, without specifying sources. COPPER: London copper edged up from a nine-week low on Tuesday after falling for the last six sessions in a row, as the market waits on U.S. non-farm payrolls data later this week for further clues on the timing of any U.S. rate hike. OIL: Oil futures edged up on Tuesday as the U.S. dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.