UPDATE 1-UK Stocks-Factors to watch on June 25

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on June 25
Credit: © Reuters.

(Adds company news items, futures)

June 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19 points lower at 7,397 on Tuesday, according to financial bookmakers, with futures FFIc1 down 0.30% ahead of the cash market open.

* PETROFAC: British oilfield services provider Petrofac Ltd PFC.L said on Tuesday it received new orders worth $1.7 billion so far this year, bolstered by higher exploration activity in its core growth markets. SOUTHERN WATER: Britain's water industry regulator said water company Southern (NYSE: SO ) Water would pay 126 million pounds ($160.61 million) in penalties and payments to customers for failure in the operation of its sewage treatment sites and misreporting its performance. CARPETRIGHT: British floor coverings chain Carpetright CPRC.L said its turnaround was on track as it reported a narrowing of 2018-19 losses and returned to underlying sales growth in its new financial year. SHELL: A domestic consortium set up by Royal Dutch Shell RDSa.L and pension fund manager PGGM has taken a bigger lead in the race for Dutch energy company Eneco as two other contenders have dropped out, sources close to the matter said. OIL: Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. GOLD: Gold prices climbed more than 1% on Tuesday to their highest in six years as the dollar weakened on prospects of monetary easing by the Federal Reserve, while simmering U.S.-Iran tensions drove investors towards the safe-haven bullion. The UK blue chip index closed 0.1% higher on Monday as gains in defensive stocks such as healthcare were balanced by pressure on Asia-focussed banks, with Sino-U.S. trade talks once again set to take centre stage at this week's G20 summit. For more on the factors affecting European stocks, please click on: LIVE/


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