UPDATE 1-UK Stocks-Factors to watch on Dec. 16

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

(Adds futures, updates news items)

Dec 16 - Britain's FTSE 100 .FTSE index is expected to open 43 points higher at 7,397, on Monday, according to financial bookmakers, with futures FFIc1 up 0.5% ahead of the cash market open.

*CINEWORLD: Cineworld Group Plc CINE.L said it will buy Canada's Cineplex Inc CGX.TO for $2.1 billion, including debt, making it the largest cinema operator in North America. FIRSTGROUP PLC: Bus and train operator FirstGroup Plc FGP.L said it was exploring options, including a potential sale, for its North American contract businesses which include the First Student school bus service and First Transit transportation service. SPORTS DIRECT: Sports Direct SPD.L , the British sportswear retailer controlled by founder Mike Ashley, reported a 22% rise in first-half core earnings, helped by an improvement in its premium House of Fraser unit and its European retail business. ROCHE: Swiss drugmaker Roche ROG.S won clearance from Britain's Competition and Markets Authority for its planned $4.3 billion takeover of gene therapy company Spark Therapeutics ONCE.O , while a similar U.S. review continues. WATER SERVICES REGULATION AUTHORITY: Britain's water utilities' shareholder returns will be capped at their lowest level since the sector was privatised three decades ago under a ruling from the Water Services Regulation Authority. ASTON MARTIN: Luxury British carmaker Aston Martin AML.L is in early stage talks with potential investors about building "longer term relationships" which it said on Friday may or may not involve an equity investment, as part of a funding review. GLENCORE: Glencore's GLEN.L Argentine JV partner and soy crushing giant Vicentin has halted most of its operations as the company battles to restructure its debt after defaulting earlier this month, three industry sources with direct knowledge of the situation told Reuters. RYANAIR/EASYJET: An Irish High Court judge hopes to rule this week on whether Ryanair RYA.I can prevent its operations chief Peter Bellew from joining arch-rival easyJet EZJ.L until 2021. TULLOW OIL: Ratings agency S&P Global on Friday downgraded Tullow Oil's TLW.L long-term credit rating to 'B' from 'B+', days after the Africa-focused company's Chief Executive Officer stepped down and it scrapped its dividend. THE HUT GROUP: British online retailer The Hut Group (THG) said it raised 1 billion euros ($1.10 billion) to help fund expansion, amid macro-economic and political changes arising from Brexit and the general election. GOLD: Gold prices edged lower on Monday after the United States and China agreed to a "phase one" trade deal that drove investors towards riskier assets, although a weaker dollar limited some of bullion's losses. OIL: Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that's expected to boost flows between the top two global economies. The UK blue-chip index rose 1.1% on Friday as a rally in utilities, retailers, housebuilders and banking stocks offset the drag from sterling, which surged to a 19-month high against the U.S. dollar, after Prime Minister Boris Johnson's ruling Conservatives convincingly won a national election. For more on the factors affecting European stocks, please click on: LIVE/


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