UK Stocks-Factors to watch on March 6

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UK Stocks-Factors to watch on March 6
Credit: © Reuters.

March 6 (Reuters) - Britain's FTSE 100 .FTSE is seen opening 17 points lower at 7,166 on Wednesday, according to financial bookmakers.

* LLOYD: Insurance market Lloyd's of London SOLYD.UL said on Tuesday its Brussels subsidiary had gained authorisation in Monaco to continue underwriting and reinsurance business after Brexit. INTERSERVE: Interserve IRV.L said on Tuesday it had rejected a rescue plan put forward by its largest shareholder Coltrane Asset Management because it believed the proposal risked the future of the outsourcer in its fight for survival.

DEBENHAMS: Debenhams DEB.L warned on profit again on Tuesday, as the British department store group edged nearer to a restructuring that analysts expect will include a share issue and an acceleration of its store closure plans.

GOLD: Gold prices steadied on Wednesday, after recovering from a more than five-week low in the previous session, lifted by a pause in global equities rally, while a firm dollar curbed further gains.

OIL: Oil prices fell nearly 1 percent on Wednesday as bullish output forecasts by two big U.S. producers and a build in U.S. crude stockpiles outweighed ongoing OPEC-led efforts to rein in crude production. The UK blue chip index closed 0.69 percent up at 7183.43 on Tuesday as Ladbrokes (LON: LCL ) owner GVC surged on strong results and a weaker pound paved the way for gains in dollar earners, while Intertek tumbled as investors rushed to book profits after an in-line earnings report. For more on the factors affecting European stocks, please click on: LIVE/


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