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UPDATE 1-UK Stocks-Factors to watch on June 4

Published 04/06/2018, 04:51 pm
Updated 04/06/2018, 05:00 pm
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on June 4
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June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points higher at 7,723 on Monday, according to financial bookmakers, with futures FFIc1 up 0.35 percent ahead of the cash market open.

* Virgin Money/CYBG: The acquisition of British bank Virgin Money VM.L by lender CYBG Woodward Inc WWD.O with net proceeds totalling 673 million euros. EMMERSON: Emmerson EML.L has raised 6 million pounds by issuing 200 million new shares to develop a potash project in Morocco and on Monday the company resumes trade on the London Stock Market. ASTRAZENECA: AstraZeneca Plc AZN.L plans to disclose payments to doctors in all countries in which it operates in a move that will pile pressure on its rivals to follow suit, The Times reported. POUNDWORLD: British discount retailer Poundworld is close to a rescue deal with Alteri Investors, Sky News reported on Saturday, with the deal likely to be announced next week. CYBG-VIRGIN MONEY: British lender CYBG CYBGC.L said on Sunday it had raised its offer to buy challenger bank Virgin Money VM.L by a 7 percent increase in the exchange ratio through an all-share combination. UK-CLIMATE CHANGE: Britain should force large companies and assets owners such as pension funds to report their exposure to climate risks by 2022 at the latest, a cross-party group of lawmakers said in a report published on Monday.

* BHP BILLITON: The planned exit of BHP Billiton Ltd BHP.AX , BLT.L from its U.S. shale business has drawn oil companies and private equity firms into a competition that may have no clear winner until late this year or early next year, according to people familiar with the negotiations. The union of workers at BHP's Escondida copper mine in Chile said on Friday it had kicked off the latest round of labor negotiations with a contract proposal that includes a bonus of about $34,000 per worker at the world's largest copper mine. The UK blue chip index closed 0.3 percent higher at 7,701.77 points on Friday, as shares in cyclical stocks such as miners and financials rallied, joining in broader gains for European stocks as relief over Italy's political crisis lifted risky assets. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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