Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

UPDATE 2-UK Stocks-Factors to watch on March 11

Published 11/03/2016, 06:36 pm
© Reuters. UPDATE 2-UK Stocks-Factors to watch on March 11
UK100
-
OMU
-
BHPB
-
JDW
-
UK100
-
VALE
-
NEDJ
-
JUSTJ
-
PA
-

(Adds futures, company news)

March 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up on Friday, with futures FFIc1 for the index up 1.4 percent at 0733 GMT. For more on the factors affecting European stocks, please click on The UK blue chip index closed 1.8 percent lower at 6,036.70 points, its lowest close since late February, on Thursday after a sharp fall in commodities stocks offset an earlier rally fuelled by the European Central Bank's move to cut its deposit rate. BHP BILLITON: Samarco, a joint venture between Brazil's Vale SA VALE5.SA and Australia's BHP Billiton BLT.L , expects to restart production at its iron ore mine in Minas Gerais by the start of the fourth quarter, its chief executive told Reuters on Thursday, less than a year after a burst tailings dam there killed 19 people. OLD MUTUAL: Anglo-South African financial services company Old Mutual Plc OML.L said on Friday it would split up its four main units - Old Mutual Emerging Markets, Old Mutual Wealth, Nedbank Group NEDJ.J and OM Asset Management OMAM.N to unlock value. JD WETHERSPOON: Pubs group JD Wetherspoon JDW.L reported a 3.9 percent dip in first-half pretax profit and said government tax policy was penalizing pubs and restaurants that were struggling to compete with supermarket sales of cheaper alcohol. JUST RETIREMENT: Just Retirement Group Plc JRG.L reported a 43 percent jump in first-half operating profit and said its almost $1 billion acquisition of rival Partnership Assurance PA.L would complete next month. OIL: Oil prices jumped on Friday supported by fresh investment and a strong yuan, which makes fuel cheaper for Chinese importers, but analysts warned that any price rally was pre-mature as a global glut remained in place. O/R

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

* BridgeStation: view story .134 For more information on Top News visit 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.