UPDATE 1-UK Stocks-Factors to watch on June 7

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on June 7
Credit: © Reuters.

(Adds futures and company news item)
June 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 6
points, or 0.10 percent, on Tuesday, according to financial bookmakers, with
futures FFIc1 up 0.14 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 1 percent at 6,273.40 points on Monday,
with a rally in metals prices boosting the UK mining index to a one-month high,
although housebuilders fell on concerns surrounding the June 23 referendum on
the country's EU membership.
* SHELL: Royal Dutch Shell RDSa.L said on Tuesday it would sell up to 10
percent of its oil and gas production, leaving up to 10 countries to cut costs
following its $54 billion acquisition of BG Group.
* GLENCORE: A U.S. judge on Monday said Glencore Plc GLEN.L must face a
private antitrust lawsuit accused it of trying to monopolize the market for
special high-grade zinc, driving up its price.
* OPHIR: Oil and gas explorer Ophir Energy Plc OPHR.L said on Monday it
was talking to a range of equity investors, as well as gas buyers to help
finance its Fortuna FLNG project in Equatorial Guinea, after Schlumberger
SLB.N walked away.
* BP: BP Plc BP.L plans to restart the catalytic reformer at the 413,500
barrel per day (bpd) Whiting, Indiana refinery this week after completing a
10-week overhaul on the unit, sources familiar with plant operations said on
Monday.
* BHP: BHP Billiton BHP.AX BLT.L on Monday announced a $7.4 million
donation to Peking University to develop technology to capture carbon emissions
from the iron and steel industries.
* SPORTS DIRECT: Mike Ashley, the billionaire founder of Sports Direct
SPD.L , is set to face tough questions from British lawmakers on Tuesday over
working practices at his sportswear firm.
* BRITAIN RETAIL: British shoppers parted with more of their cash in May but
uncertainty about the economy is likely to keep a lid on sales growth, a survey
showed on Tuesday.
* BREXIT: Britons narrowly favour remaining in the European Union according
to two polls published in Tuesday's newspapers, in contrast to surveys released
on Monday which showed the campaign for Brexit ahead.
* COPPER: London copper came off a touch on Tuesday but remained near
four-week highs as the dollar stayed under pressure after Fe Chair Janet Yellen
said a rate hike was on the horizon but did not specify when.
* BRENT CRUDE: Brent crude prices inched lower on Tuesday after hitting a
seven-month high a day earlier, but market momentum appeared strong on a weak
dollar, French refinery restarts, Nigerian oil infrastructure attacks and
falling U.S. crude inventories. UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
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