UK Stocks-Factors to watch on March 28

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on March 28
Credit: © Reuters.

March 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 points on Tuesday, according to financial bookmakers.

* TESCO: Two of Tesco Plc's TSCO.L biggest shareholders have called on the supermarket group to withdraw its 3.7 billion-pound ($4.7 billion) agreed offer for wholesaler Booker Group Plc BOK.L , potentially casting doubt on the deal's progress. LLOYDS OF LONDON: Lloyds (LON: LLOY ) of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favourite, sources say. BREXIT: Qatar pledged 5 billion pounds ($6.3 billion) of investment in Britain on Monday in a show of support for the world's fifth-largest economy just two days before Prime Minister Theresa May triggers formal Brexit talks. BRITAIN DEBT: The number of people seeking help from a leading British debt advice service hit a record high last year, reflecting a surge in borrowing by consumers and the financial strains on younger workers, the charity said on Tuesday. OIL: Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market. The UK blue chip FTSE 100 .FTSE index closed down 0.6 percent at 7,293.50 points on Monday, after the failure of U.S. President Donald Trump to push his healthcare reforms through Congress hit mining shares and Babcock BAB.L fell after exiting a contract. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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