UK Stocks-Factors to watch on April 11

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on April 11
Credit: © Reuters.

April 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down
9-14 points, or 0.2 percent, on Monday, according to financial bookmakers. For
more on the factors affecting European stocks, please click on The UK blue chip index closed 1.1 percent higher on Friday at 6,204.41,
posting another weekly rise, helped by buoyant commodity stocks and continuing a
run that has seen it outperform European indexes.

* RIO TINTO: Rio Tinto RIO.L RIO.AX , one of the world's biggest miners,
has doubled its payment terms in a move that will force embattled suppliers to
wait up to 90 days to be paid.
* DAILY MAIL: Daily Mail & General Trust PLC DMGOa.L , the parent company
of the British newspaper, the Daily Mail, is in talks with several private
equity firms about a possible bid for Yahoo Inc YHOO.O , the Wall Street
Journal reported on Sunday.
* RBS: Royal Bank of Scotland RBS.L is set to shut its banking operations
in India, having given up on efforts to find a buyer, media reports said. (

* BP: Reliance Industries Ltd RELI.NS and BP Plc BP.L are in talks with
the India government to drop the dispute on natural gas prices, which is now in
arbitration, Livemint reported, citing an oil ministry official familiar with
the developments who did not wish to be identified.
* STANDARD CHARTERED: Standard Chartered Plc STAN.L is looking to sell at
least $4.4 billion of assets in Asia, Bloomberg reported citing people with
knowledge of the matter. (
* BRITISH RESTAURANT GROUPS: Fifty-four large investors managing 1 trillion
pounds ($1.41 trillion) in assets have launched a campaign to curb the use of
antibiotics in the meat and poultry used by ten large U.S. and British
restaurant groups. JD Wetherspoon JDW.L , Domino's Pizza Group JDW.L ,
Mitchells & Butlers MAB.L and Restaurant Group RTN.L , were among those to
receive a March 15 letter from institutions including Aviva (LON: AV ) Investors AV.L
asking them to set a timeline to stop the use of medically important antibiotics
in their supply chains.
* PANAMA PAPERS: British Prime Minister David Cameron said on Saturday he
should have handled scrutiny of his family's tax arrangements better, seeking to
reassert his leadership after days of negative media coverage and calls for his
* PANAMA PAPERS: British Prime Minister David Cameron took the unusual step
on Sunday of publishing his tax records to try to end days of questions about
his personal wealth raised by the mention of his late father's offshore fund in
the Panama Papers.
* PANAMA PAPERS: British Prime Minister David Cameron will say on Monday
that new legislation making companies criminally liable if employees aid tax
evasion will be introduced this year, as he seeks to repair the damage from a
week of questions about his personal finances.
* STEEL: Britain asked China on Saturday to hurry up in tackling
overcapacity in its steel industry, hoping to stem the flood of cheap imports
into Europe which India's Tata Steel TISC.NS has blamed for its decision to
pull out of the United Kingdom, putting 15,000 jobs at risk.
* OIL: Qatar has invited all OPEC members and other major producers from
outside the exporting group to attend a meeting on April 17 for talks on a deal
to freeze output at January levels to support the global oil market, its energy
ministry said.
* OIL: Oil prices rose on Monday, extending a sharp rally seen at the end of
last week after a drop in U.S. inventories and drilling, while outages and hopes
that exporters could freeze output also supported prices.
* UK ECONOMY: Britain's economy lost steam in the first three months of the
year, according to a major survey of businesses that showed domestic demand
slipped for both services and manufacturing companies.
* UK BANKS: Lawsuits and misconduct fines have cost Britain's largest retail
banks and customer-owned lenders almost 53 billion pounds ($74.86 billion) over
the past 15 years, a new study has found.
* JAPAN INDUSTRIALS: Japan's core machinery orders fell less than expected
in February in a sign that capital expenditure is starting to stabilise, but a
strong yen, which can hurt corporate earnings, clouds the outlook.
* COPPER: London copper climbed on Monday from near its lowest in more than
a month after middling U.S. wholesale inventories bruised the dollar, while
readings of China's economy are expected to dominate sentiment in the week
* GOLD: Gold jumped to its highest in nearly three weeks on Monday as Asian
equities slid and the dollar held close to six-month lows, burnishing demand for
the safe-haven metal. UK CORPORATE DIARY:

Carr's Group PLC CARRC.L Half Year
Central Asia Metals PLC CAML.L Full Year
Vedanta Resources PLC VED.L Q4 & FY Production Results

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