UPDATE 1-UK Stocks-Factors to watch on April 16

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on April 16
Credit: © Reuters.

(Updates futures, adds news items)

April 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.2% ahead of market open.

* OCADO: Ocado OCDO.L said it would invest 10 million pounds in autonomous vehicle software company Oxbotica as part of a partnership that aims to reduce the cost of last-mile delivery and other logistics. GRAFTON: Grafton Group GFTU_u.L said it has appointed Rothschild & Co to review some of its traditional merchanting businesses in Britain. ASHMORE: Ashmore Group ASHM.L said that its assets under management fell by $3.1 billion during the first three months of 2021. MAN GROUP: Man EMG.L expects its customers to put in more money in the coming quarters as client engagement was positive this year, the British hedge fund manager said. GLOBALWORTH: A top executive at German real estate company Aroundtown AT1.DE said its proposed 1.57 billion euro takeover bid, made with partner CPI Property O5G.DE , for Globalworth Real Estate GWI.L was attractive for shareholders but he did not rule out lifting the offer. FINANCE: Britain's financial firms and regulators should step up the use of technology to cut the cost of compliance and make the City of London more globally competitive, a report said. OIL: Oil prices extended gains and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic recoveries in China and the United States. GOLD: Gold held steady near a more than one-month high, en route to its second straight weekly gain, boosted by a drop in U.S. Treasury yields and a weaker dollar. London's FTSE 100 ended higher on Thursday on the back of gains in healthcare heavyweight GlaxoSmithKline (LON: GSK ) and mining stocks, while hopes of a faster economic recovery lifted the mid-cap index to record highs. For more on the factors affecting European stocks, please click on: LIVE/


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