UK Stocks-Factors to watch on March 3
March 3 (Reuters) - Britain's FTSE 100
index is seen opening down 1
point, or 0.02 percent lower on Thursday, according to financial bookmakers. For
more on the factors affecting European stocks, please click on The UK blue chip index closed 0.1 percent lower on Wednesday at 6,147.06
with the market's earlier gains fizzling out as oil prices weakened, while
shares in ITV ITV.L and Intertek ITRK.L also declined.
* LSEG: Carsten Kengeter, the chief executive of Deutsche Boerse DB1Gn.DE
lauded the benefits for the Frankfurt exchange and its customers on Wednesday of
a proposed deal to merge the German exchange operator with the London Stock
Exchange LSE.L .
* STANDARD LIFE/SHELL: The investment arm of British insurer Standard life
SL.L said on Wednesday it would step up its engagement with management at
Volkswagen VOWG_p.DE and Royal Dutch Shell RDSa.L over certain concerns it
has regarding corporate governance.
* UK SUPERMARKETS: Britain's Co-operative Group 42TE.L has added fuel to
the country's supermarket price war with another wave of cuts. The company,
which is the UK's fifth-largest supermarket chain by sales, said on Wednesday
that the price reductions on more than 200 of its own-brand British-sourced meat
and poultry products would total 75 million pounds ($105 million).
* SPORTS DIRECT/ABERDEEN ASSET MANAGEMENT: Sports Direct SPD.L and
Aberdeen Asset Management ADN.L will drop out of Britain's benchmark FTSE 100
.FTSE equity index after a slump in their share prices since the start of
2016. Other companies to be relegated from the top British shares index will be
diversified engineering company Smiths Group SMIN.L and Hikma Pharmaceuticals
HIK.L , the London Stock Exchange said on Wednesday.
Those four companies will be replaced in the FTSE 100 by gambling company
Paddy Power Betfair PPB.L , supermarket operator WM Morrison MRW.L ,
publishing company Informa INF.L and private hospital operator Mediclinic
International MDCM.L .
* BHP BILLITON: Mining company Samarco and its owners, BHP Billiton BLT.L
and Vale SA VALE5.SA , reached a deal with the Brazilian government on
Wednesday to pay an estimated 20 billion reais ($5.1 billion) in damages over 15
years for a deadly dam spill in November.
* UK ENERGY: Britain's government must set out its policies beyond 2020 to
restore confidence in the country's energy sector if it is to secure the
billions of pounds of investment needed to keep the lights on while meeting
climate targets, lawmakers said on Thursday.
* OIL: Oil prices edged higher on Thursday as sentiment spread that a
20-month-long market rout is coming to an end as production slows amid strong
* COPPER: London copper hit its highest since mid-November on Thursday as
risk appetite stayed strong, fuelled by a revival in share markets and commodity
prices that fanned hopes a global recovery was getting on track.
* EX-DIVS: Hargreaves Lansdown HRGV.L , HSBC Holdings HSBA.L , Persimmon
PSN.L , RSA Insurance Group RSA.L will trade without entitlement to their
latest dividend pay-out on Thursday, trimming 13.2 points off the FTSE 100
according to Reuters calculations UK CORPORATE DIARY:
Carillion PLC CLLN.L Full Year
Indigovision Group PLC ID2A.L Full Year
H & T Group PLC HTGR.L Q4
Impellam Group PLC IPEL.L Full Year
Arrow Global Group PLC ARWA.L Full Year
Shawbrook Group PLC SHAW.L Full Year
Whitbread PLC WTB.L Q4
Sportech PLC ROD.L Full Year
Schroders PLC SDR.L Full Year
Cobham PLC COB.L Full Year
Spirax-Sarco Engineering PLC SPX.L Full Year
RPS Group PLC RPS.L Full Year
Hunting PLC HTG.L Full Year
Science Group PLC SAGS.L Full Year
BBA Aviation PLC BBA.L Full Year
Headlam Group PLC HEAD.L Full Year
Genel Energy PLC GENL.L Full Year
Aggreko PLC AGGK.L Full Year
Travis Perkins PLC TPK.L Full Year
Admiral Group PLC ADML.L Full Year
Inmarsat PLC ISA.L Full Year
Vesuvius PLC VSVS.L Full Year
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
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