June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

UPDATE 2-UK Stocks-Factors to watch on Dec. 13

Published 13/12/2016, 06:53 pm
© Reuters.  UPDATE 2-UK Stocks-Factors to watch on Dec. 13
UK100
-
LLOY
-
SHEL
-
DB1Gn
-
BWY
-
BSBAy
-
UBM
-
BALF
-
RIO
-
CPI
-
LSEG
-
ANTO
-
LMI
-
RIO
-
HG
-
UK100
-
GLEN
-
TFCFA
-
5401
-

(Adds company news item, updates futures and news item)

Dec 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points higher, or up 0.07 percent on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.

* The UK blue chip index closed 0.9 percent lower on Monday at 6,890.42, with outsourcing group Capita CPI.L extending its recent losses and precious metals miners tracking a fall in gold prices to 10-month lows. GLENCORE: Glencore Plc GLEN.L and Nippon Steel 5401.T have agreed on a price of $285 a tonne for first-quarter coking coal supplies, a 43 percent hike over the previous quarter, a source close to the situation said on Tuesday. ANTOFAGASTA: Antofagasta Minerals ANTO.L said on Monday that environmental regulators approved a proposed expansion of its Centinela mine in northern Chile, opening the door for a $4.35 billion investment by the Chilean copper mining company. SKY: Rupert Murdoch's Twenty-First Century Fox FOXA.O aims to table a firm cash bid valuing British broadcaster Sky SKYB.L at 10.75 pounds per share as early as Wednesday for the 61 percent of the company it does not already own, four people familiar with the matter said. LLOYDS BANKING GROUP: Britain cut its stake in Lloyds Banking Group LLOY.L to below 7 percent on Tuesday in a fresh attempt to return the lender to full private ownership over the next year. BALFOUR BEATTY: British construction company Balfour Beatty BALF.L said it was on track to deliver cost saving targets in line with a long-term turnaround plan, adding that it was confident that margins would recover over the next two years. UBM: Event organiser UBM Plc UBM.L said it would buy Asian exhibitions company Allworld for $485 million in cash, strengthening its position in Asia and providing an entry into the Middle East. BELLWAY: Bellway BWY.L became the latest British housebuilder to shrug off the uncertainty created by the Brexit vote as it said on Tuesday that its reservations rate rose 7 percent during the four months since August. RIO TINTO: Rio Tinto RIO.L , RIO.AX said on Monday it would defend itself robustly if rival miner BSG Resources (BSGR) pursues a threat to file a lawsuit over mining rights in Guinea. SHELL: A consortium led by Royal Dutch Shell RDSa.L beat 26 other bids for a contract to build 700 megawatts of offshore wind capacity, the Dutch government said as it announced plans for a further seven wind farms to be build in the next decade. LONMIN: South Africa-focused platinum miner Lonmin LMI.L LONJ.J is confident of submitting a plan to build workers' housing that meets government requirements, it said on Monday, after President Jacob Zuma threatened to revoke its mining permit if it failed to do so. LSE: European Union competition regulators have whittled down their concerns about the merger of Deutsche Boerse DB1Gn.DE and London Stock Exchange Group LSE.L to focus mainly on clearing of derivatives contracts, two sources familiar with the situation said. BREXIT: Britain will need a transitional trade agreement with the European Union, and the government should set out plans for it before beginning formal divorce talks with the bloc, members of parliament's upper house said on Tuesday. Union leaders will set out plans this week for negotiating Britain's exit, diplomats said, after national officials met late on Monday to prepare an EU summit statement. BREXIT: The European Commission will unveil proposed changes on Tuesday in how governments treat unemployment and other benefits for citizens working in other EU states. will introduce a system to control the flow of workers from EU countries once it leaves the bloc but will not cut off the supply of skilled staff needed by British companies, finance minister Philip Hammond said on Monday. on Monday backed the idea of a transition period to smooth the process of leaving the European Union, and said EU countries also stood to gain from a gradual Brexit. BREXIT: A deal to bridge the gap between Brexit and the introduction of Britain's new trading terms with the European Union could shield financial firms from any abrupt changes and ultimately keep them based in the UK, a senior lawmaker said. UK COMPANIES TAX BILL: Britain should address the way some workers use companies to lessen their tax bill, finance minister Philip Hammond said on Monday, adding that any changes were an issue for the long term. UK HOUSEHOLD SPEND: Households in Britain spend more than anywhere else in Europe, helping to drive the country's economy through its Brexit shock this year, global accountancy firm PwC said in a report published on Tuesday. OIL: Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organised by OPEC and other exporters materialised, tightening a market that has been grappling with years of oversupply. METALS: Shanghai copper futures dropped more than a percentage point on Tuesday, with investors focused on a two-day U.S. Federal Reserve meeting that kicks off later in the session, overlooking modestly better-than-expected Chinese industrial output growth in November. 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.