March 27, 2017 / 5:30 AM / 8 months ago

UK Stocks-Factors to watch on March 27

    March 27 (Reuters) - Britain's FTSE 100 index is seen opening down
17 points at 7,294 on Monday, according to financial bookmakers.
    
    * SHELL: Royal Dutch Shell Plc and Anadarko Petroleum Corp
may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire
and split their properties, hoping to speed up development, according to a
senior Shell executive.
    * BT: UK's Office of Communications said BT Group Plc would be fined
42 million pounds for breaching contracts with telecoms providers. 
    * BARCLAYS: British bank Barclays PLC's, credit-card issuer unit,
Barclaycard sells $1.6 billion in risky credit-card balances to Credit Shop, the
Wall Street Journal reported on Sunday. 
    * BHP BILLITON: The end of a historic strike at Chile's Escondida copper
mine, the world's biggest, has left its owner, BHP Billiton, nursing an
estimated $1 billion loss and probably in a weaker position for negotiations in
a year or so, company and industry insiders said.
    *  BP: BP has made a gas discovery in the North Damietta Offshore
Concession in Egypt's East Nile Delta, its third in the block, it said on
Sunday.
    * TESCO: Britain's biggest retailer Tesco is in advanced talks with
the Serious Fraud Office (SFO) over a plea deal that would involve it paying a
large fine over its 2014 profit overstatement, Sky news said on Saturday.

    * SHELL: The head of a group helping organise Shell's clean-up
efforts in an oil Delta community in Nigeria said on Friday he was hopeful
clean-up work after two spills in 2008 could start in April.
    * GLENCORE: Glencore said on Monday it was halting operations at
its Collinsville and Newlands coal mines in Australia ahead of Cyclone Debbie's
arrival in northern Queensland on Tuesday.
    * BHP BILLITON: Mining giant BHP Billiton said on Monday it was
suspending operations at its South Walker Creek coal mine in Queensland with
Cyclone Debbie expected to bear down on Australia on Tuesday close to the site.

    * CO-OPERATIVE BANK: Britain's Co-operative Bank said on Friday its
ongoing sales process has drawn interest from multiple bidders after the ailing
British lender put itself up for sale in February.
    * HURRICANE ENERGY: Hurricane Energy has made further oil discovery
west of the Shetland Islands, the Financial Times reported.
    * ACACIA MINING: Acacia Mining is losing more than $1 million in
revenue each day at two mines in Tanzania because of the country's ban on
exports of gold and copper concentrates, the London-listed company said on
Friday.
    * BREXIT: Britain's manufacturers told Prime Minister Theresa May on Monday
to drop her threat that she might take the country out of the European Union
without a new trade deal, saying they would bear the brunt of trade barriers
with the EU.
    * BREXIT: Thousands of people marched through London on Saturday to protest
against Britain leaving the European Union, just four days before Prime Minister
Theresa May launches the start of the formal divorce process from the bloc it
joined 44 years ago.
    * OIL: Oil prices dipped on Monday as rising U.S. drilling activity
outweighed talks that an OPEC-led production cut initially due to end in
mid-2017 may be extended.
    * The UK blue chip FTSE 100 index closed 0.1 percent lower at
7,336.82 points on Friday, ahead of a delayed U.S. vote on a key healthcare
bill, though gains among Smiths Group and Provident Financial
capped losses.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:    
 Spaceandpeople              Full Year 2016
 Inspired Energy             Full Year 2016
        
    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 Sherry Jacob-Phillips)
  

Our Standards:The Thomson Reuters Trust Principles.
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