UPDATE 1-UK Stocks-Factors to watch on April 13

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on April 13

(Adds futures, Premier Foods , Tesco , Jupiter Fund Management )
April 13 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 37
points, or 0.6 percent, on Wednesday, according to financial bookmakers, with
futures FFIc1 up 0.6 percent ahead of the cash market open. For more on the
factors affecting European stocks, please click on The UK blue chip index closed up 42.27 points, or 0.7 percent, at 6,242.39
points on Tuesday, buoyed by a rally in the energy sector after oil prices rose
on a report that Saudi Arabia and Russia had reached agreement on output
* TESCO: Tesco TSCO.L , Britain's biggest retailer, on Wednesday reported
its first quarter of underlying UK sales growth for over three years, showing
its recovery is gaining momentum.
* PREMIER FOODS: U.S. spice maker McCormick (NYSE: MKC ) Foods MKC.N walked away from
its takeover proposal for British food company Premier Foods PFD.L on
* JUPITER FUND MANAGEMENT: Jupiter Fund Management JUP.L said on Wednesday
that total assets had increased by 1.4 percent in the first quarter to 36.2
billion pounds ($51.57 billion), helped by net inflows into its European equity
and global bond funds.
* BHP BILLITON: BHP Billiton BLT.L BHP.AX will lay off about 7 percent
of the 1,060 workers at its Spence copper mine in Chile, the mine's union said
on Tuesday.
* HSBC: Shareholders should reject the executive pay plans of Britain's
biggest bank HSBC HSBA.L and the re-election of chairman Douglas Flint at its
annual general meeting, a leading shareholder advisory group said on Tuesday.

* TATA STEEL: Britain said it could offer state loans to tempt a private bid
for Tata's loss-making Port Talbot steelworks as Prime Minister David Cameron
scrambles to save at least 10,000 jobs thrown into jeopardy by a global steel
* NANOCO: British quantum dots maker Nanoco Group Plc NANON.L expects to
sign a new licensing deal in the next six months with a "big company", which
will use its technology in digital displays.
* AB INBEV/SABMILLER: Anheuser-Busch InBev ABI.BR has formally informed
European Union antitrust regulators of its plan to sell SABMiller's SAB.L
premium European brands to try to secure approval for its $100 billion-plus
takeover of the London-based brewer.
* BREXIT: Britain could deal a damaging blow to the fragile global economy
if it votes to leave the European Union, the International Monetary Fund said in
the sharpest warning yet from a global body about the risks associated with
* COPPER: London copper hit its highest in almost a fortnight on Wednesday
and Shanghai metals surged as strong Chinese copper imports in March built on
gains fueled by a falling dollar.
* OIL: Oil futures fell in Asian trade on Wednesday as profit-taking and
concern over a larger-than-expected build in U.S. crude stocks outweighed a
report that Russia and Saudi Arabia had reached consensus on an oil output cap.

> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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