UPDATE 2-UK Stocks-Factors to watch on Dec 21

  • Reuters
  • Stock Market News
UPDATE 2-UK Stocks-Factors to watch on Dec 21
Credit: © Reuters.

(Adds company news item, updates futures)

Dec 21 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 12 points at 7,032 on Wednesday, according to financial bookmakers, with futures FFIc1 down 0.10 percent ahead of the cash market open.

* The UK blue chip index closed up 0.4 percent at 7,043.96 points on Tuesday, helped by gains in Carnival CCL.L and strength in the banking sector as Lloyds LLOY.L rose after a deal to buy a credit card business. BANK PENALTY: The Swiss Competition Commission (COMCO) said it had fined several European and U.S. banks over four instances of interest rate cartels. Royal Bank of Scotland RBS.L received full immunity for revealing the existence of the cartel to the COMCO. Barclays BARC.L was also fined 29.8 million francs for participating in a cartel in euro interest rate derivatives. MEGGITT/QINETIQ: British car and aeroplane parts maker Meggitt MGGT.L said it had sold its defence unit to UK firm QinetiQ QQ.L for 57.5 million pounds ($71 million) in cash, as part of a plan to focus on sectors where it has a leading position. BHP BILLITON: Brazilian iron ore miner Vale VALE5.SA said on Tuesday it signed a non-binding agreement with BHP Billiton BHP.AX BLT.L to allow the use of its Timbopeba pit to deposit tailings from iron miner Samarco when that company restarts operations. ROLLS-ROYCE: Rolls-Royce Corp of Indianapolis, Indiana, a unit of Rolls-Royce Holdings Plc RR.L , has been awarded a $408 million modification to a contract to provide maintenance support for V-22 AE1107C engines for the U.S. Marine Corps and Air Force, the Pentagon said in a statement on Tuesday. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times


> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* For Top News : http://topnews.reuters.com

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or