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UPDATE 1-UK Stocks-Factors to watch on March 5

Published 2018/03/05, 09:40
Updated 2018/03/05, 09:50
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on March 5
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(Adds company news, futures)

March 5 (Reuters) - Britain's FTSE futures FFIc1 were flat ahead of thecash market open.

* Tesco-Booker: Tesco TSCO.L , Britain's biggest retailer, has completedthe 4 billion pound ($5.51 billion) takeover of Booker BOK.L , the country'slargest wholesaler, the companies said on Monday. Ultra Electronics: British defence contractor Ultra Electronics ULE.L said it terminated the $234 million acquisition of Sparton Corp SPA.N following an unfavourable anti-trust review outcome from the U.S. Department ofJustice. ROYAL BANK OF SCOTLAND: Britain's Royal Bank of Scotland RBS.L couldreach a multi billion-dollar settlement with the U.S. Department of Justice(DoJ) over its mis-selling of toxic mortgage-backed securities within weeks, SkyNews reported on Friday, citing sources. RBS declined to comment. Court of Appeal judges rejected claims by Property Alliance Groupagainst Royal Bank of Scotland Group that alleged that the bank mis-soldinterest rate swaps as part of the Libor scandal, The Times reported on Monday. WM MORRISON SUPERMARKETS: WM Morrison MRW.L faces an equal paycompensation claim of 100 million pounds ($137.86 million) from many of itsstaff, The Times reported on Monday. MELROSE: The founders of Melrose Industries Plc MRON.L are investing inStirling Industries, a company that looks to float on the London stock marketthis week, Sky News reported on Sunday. OIL: Oil prices rose early on Monday ahead of a meeting between OPEC andU.S. shale firms in Houston, raising expectations that oil producers woulddiscuss further how to clear a global oil glut. COPPER: London copper climbed on Monday away from its lowest in afortnight, as attention shifted to upbeat comments at China's annual opening toparliament on economic growth and reform. GOLD: Gold prices rose on Monday as the dollar remained subdued on fearsof a global trade war, with uncertainty surrounding the outcome of elections inItaly, which could spell new concerns for the euro zone, lending further supportto the yellow metal. The UK blue chip index closed 1.5 percent lower at 7,069.90 points onFriday, at its lowest since December 2016, unnerved by President Donald Trump'spromise to tax aluminium and steel imports. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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