UK Stocks-Factors to watch on Apr 09

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Apr 09

April 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 points lower at 7,446 on Tuesday, according to financial bookmakers.

* DEBENHAMS: Sports Direct SPD.L boss Mike Ashley is still looking for ways to take control of Debenhams DEB.L , he said on Monday after the ailing retailer rejected his rescue plan only hours before it was due to fall into the hands of its lenders. GSK: GlaxoSmithKline Plc's GSK.L two-drug treatment for HIV infections won U.S. market approval on Monday, boosting the British drugmaker's growth prospects against competitor Gilead Sciences Inc GILD.O STANDARD CHARTERED: London-based Standard Chartered STAN.L is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter. OIL: Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and U.S. sanctions on Iran and Venezuela. GOLD: Gold prices rose on Tuesday, trading close to a more than one-week high touched in the previous session, as the dollar eased after weak U.S. economic data. The UK blue chip index closed 0.1 percent up on Monday and was at its highest closing level since early October, rescued from the red by a turnaround in oil majors. For more on the factors affecting European stocks, please click on: LIVE/


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