Reuters logo
UPDATE 1-UK Stocks-Factors to watch on March 8
March 8, 2017 / 7:50 AM / 9 months ago

UPDATE 1-UK Stocks-Factors to watch on March 8

(Adds company news items, futures)

March 8 (Reuters) - Britain’s FTSE 100 futures were down 0.1 percent ahead of the cash market open on Wednesday.

* G4S: British security company G4S Plc reported its first rise in revenue in four years with a 6.3 percent rise for 2016 and cut its leverage to 2.8 times net debt over EBITDA from 3.4 times a year earlier. * LEGAL & GENERAL: Insurer Legal & General posted an 11 percent rise in 2016 adjusted operating profit to 1.63 billion pounds ($1.99 billion), boosted by a strong performance in its retirement business, it said on Wednesday. * INMARSAT: British satellite company Inmarsat said stronger demand from governments and aviation customers offset weakness in the maritime sector last year, resulting in a 9.5 percent rise in core earnings to $795 million. * HOCHSCHILD MINING: Precious metals miner Hochschild Mining Plc posted a full-year pretax profit on Wednesday, citing strong performance at its flagship Inmaculada mine in Peru and a more favourable pricing environment. * ADMIRAL: Car insurer Admiral on Wednesday posted a 25 percent fall in full-year pretax profit after the British government lowered the discount rate used to calculate personal injury payouts. * PAGEGROUP: British recruitment firm PageGroup Plc reported an 11.7 percent rise in full-year profit as overseas growth more than offset a continued cooling in the UK hiring market ahead of the country’s planned exit from the European Union. * BHP BILLITON: BHP Billiton , fresh from signing a joint venture to develop an oilfield off Mexico, remains on the lookout for more oil assets, as it is more bullish on oil than gas over the next few years, its petroleum chief said on Wednesday. * ROYAL DUTCH SHELL: Royal Dutch Shell is ramping up its North American shale output earlier than planned to lock in quick returns from what has become one of its most profitable businesses, the head of Shell’s unconventional energy business said. * GLENCORE: Glencore’s chief Ivan Glasenberg and a top executive from Qatar’s state wealth fund QIA will likely join the board of Rosneft this year following their purchase of a stake in the Kremlin oil major, industry sources told Reuters. * ITV: British media companies BBC Worldwide and ITV Plc launched BritBox in the United States on Tuesday, a new subscription-based video streaming service that includes iconic British shows including “Blackadder”, “Fawlty Towers” and “East Enders”. * BANK OF ENGLAND: The Bank of England’s new deputy governor Charlotte Hogg was urged to quit by a lawmaker on Tuesday after she admitted failing to declare a potential conflict of interest about her brother’s role at Barclays, a bank overseen by the BoE. * BRITAIN-BUDGET: Britain’s finance minister Philip Hammond will say on Wednesday he will not relax his grip on the public purse, despite the economy withstanding the initial Brexit shock, as the challenge of actually leaving the European Union approaches. * BRITAIN-JOBS: British businesses are hiring permanent staff at the fastest rate in a year and starting salaries have risen by the most in 11 months, recruiters said on Wednesday, suggesting the job market remains robust even as consumer spending falters. * BREXIT: Britain’s upper house of parliament voted on Tuesday to give lawmakers more power to reject the final terms of the country’s exit from the European Union, ignoring pleas from Prime Minister Theresa May’s government not to hamstring their negotiations. * OIL: Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. * The blue-chip FTSE 100 closed 0.2 percent lower on Tuesday, with negative share moves seen by a string of firms following their poor earnings updates offsetting gains in some firms that advanced on the back of a weaker pound.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY‘S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Siju Varghese; Editing by Amrutha Gayathri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below