UPDATE 1-UK Stocks-FTSE seen opening lower on March 21

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-FTSE seen opening lower on March 21
Credit: © Reuters.

(Adds futures, company news item)
March 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down
31 points, or 0.5 percent lower on Monday, according to financial bookmakers,
with futures FFIc1 down 0.51 percent ahead of the cash market open. For more
on the factors affecting European stocks, please click on The UK blue chip index closed 0.19 percent lower on Friday at 6,189.64
points, consolidating a week in which shares have closed in on their 2016 highs,
although commodity stocks paused after a strong run.
* BP: Energy giant BP BP.L has struck a deal with a local power company in
China for the largest carbon permit buyback contract in the short history of the
country's nascent carbon market.
* STANDARD CHARTERED: Shares in Standard Chartered Plc STAN.L are set to
start 8 percent higher on Monday, tracking a similar spike in London on Friday.

* HOME RETAIL: Sainsbury's SBRY.L , Britain's No. 2 supermarket, was given
a clear run to buy Argos-owner Home Retail HOME.L for 1.4 billion pounds ($2
billion) after rival suitor, South Africa's Steinhoff International, withdrew
from the race on Friday.
* RIO TINTO: Top investors in Rio Tinto RIO.L RIO.AX say they want the
global miner's new boss to proceed cautiously on acquisitions, focusing on the
core, cash-generating iron ore business and on developing his own copper mines
before looking for new assets.
* SYNTHOMER: Specialty chemicals maker SYNTS.L said it would buy
U.S.-based HEXION Performance Adhesives & Coatings for $226 million, to grow its
presence in the United States and Asia.
* BARCLAYS: Barclays PLC BARC.L has come under attack from a long-term
shareholder, Django Davidson, for deciding to sell its African business and
rebuild its investment bank, the Times reported. (http://thetim.es/1Plgc4I)
* LONDON STOCK EXCHANGE/DEUTSCHE BOERSE: Some shareholders of London Stock
Exchange Group Plc LSE.L are telling management they're getting shortchanged
by Deutsche Boerse AG's DB1Gn.DE all-share acquisition agreement, Bloomberg
reported on Saturday.
* BREXIT: A British vote to leave the European Union could cost the economy
100 billion pounds ($145 billion) and 950,000 jobs by 2020, according to
research commissioned by employers' group the Confederation of British Industry
(CBI). UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
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