UK Stocks-Factors to watch on Aug 30

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Aug 30
Credit: © Reuters.

Aug 30 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 26 points on Wednesday, according to financial bookmakers.

* SKY: Rupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky SKYB.L pay-TV company for $15 billion.

SHIRE: Shire SHP.L is weathering a period of a major change well, the company said on Tuesday, as analysts at UBS cut their price target on the stock in response to signs of falling staff satisfaction at the drugmaker.

BRITAIN PHARMA: The British government has rekindled its industrial strategy, unveiled earlier this year to prepare the economy for Brexit, with plans to boost the country's pharmaceuticals sector via fresh investments and public-private collaborations.

OIL: Oil prices slid on Wednesday but gasoline spiked to their highest since July 2015 as flooding and storm damage in the wake of Hurricane Harvey has shut one-fifth of U.S. oil refineries, crimping demand for crude but raising fears of a fuel shortage. The UK blue chip index FTSE 100 .FTSE closed down 0.9 percent at 7,337.43 points on Tuesday, as investors dumped risky assets after North Korea fired a missile over Japan.


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