UK Stocks-Factors to watch on March 7

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on March 7
Credit: © Reuters.

March 7 (Reuters) - Britain's FTSE 100 .FTSE index is seenopening down 18 points on Wednesday, according to financialbookmakers.

* IAG (LON: ICAG ): The chief executive of British Airways-owner IAG ICAG.L is confident a deal will be done to secure Britain'sflying rights after Brexit, he said on Tuesday, dismissing arecent media report and a rival airline's prediction ofdisruption.*:nL5N1QO5CI

* WPP (LON: WPP ): As Procter & Gamble Co PG.N looks to invest more ininternal analytics programmes, the move could pressure ad giantsWPP Plc WPP.L and Publicis Groupe SAPUBP.PA , The Telegraphreported on Tuesday.

* RBS: Royal Bank of Scotland Group (LON: RBS ) PlcRBS.L has reacheda $500 million settlement with New York state to resolve chargesit misled investors by selling risky mortgage securities thatcontributed to the 2008 global financial crisis.

* SAINSBURY: Sainsbury'sSBRY.L , Britain's second largestsupermarket group, plans to increase the base rate of pay forstaff working in stores but stop paid breaks and an annualbonus, in a move it said would leave most staff better off.*:nL5N1QO3MW

* OIL: Oil prices fell on Wednesday, pulled down by weakerstock markets after a key advocate for free trade in the U.S.government resigned, stoking concerns Washington will go aheadwith import tariffs and risk a trade war.*:nL4N1QP1ZD

* GOLD: Gold prices inched up on Wednesday to their highestin a week as the dollar weakened and equities dropped after U.S.President Donald Trump said he would push ahead with punitivetariffs on imports, rekindling fears of a potential trade war.*:nL4N1QP1BP

* The UK blue chip index closed 0.4 percent higher onTuesday, outperforming European markets, as world stocksshrugged off fears of a trade war and concerns about politicalrisk in Italy following its inconclusive general election.*:nL5N1QO4XJ

* For more on the factors affecting European stocks, pleaseclick on: cpurl://apps.cp./cms/?pageId=livemarkets


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