December 8, 2017 / 7:47 AM / a year ago

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

(Adds company news and futures)

Dec 8 (Reuters) - Britain’s FTSE 100 futures is up 0.20 percent ahead of the cash market open on Friday.

* BRITAIN-EU: The European Commission said on Friday enough progress had been made in Brexit negotiations with Britain and that a second phase of negotiations should begin, ending an impasse over the status of the Irish border.

* GLENCORE: Global miner Glencore on Friday said it had reached new labour agreements with workers at 13 of its coal mines in Australia, ending months of negotiations over wages and benefits.

* OLD MUTUAL: Anglo-South African financial services firm Old Mutual ‘s UK wealth unit has chosen Goldman Sachs, JP Morgan and Bank of America Merrill Lynch to lead its initial public offering (IPO) next year, banking and advisory sources said.

* OIL: Oil prices dipped on Friday as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year.

* GOLD: Gold edged up in early Asian trade on Friday, after dropping below its recent trading range to hit a more than four-month low overnight.

* BANK-DEALS: Investment banks could earn as much as $183 million in fees from a flurry of deal-making by British companies this week, according to estimates by Freeman Consulting Services.

* BRITAIN-EU: British and Irish negotiators are “moving quickly” toward an agreement on their border after Brexit and could conclude one in the coming hours, a senior Irish official said on Thursday.

* The UK blue chip index ended the session down 0.4 percent on Thursday, as sterling edged higher on a glimmer of hope in Brexit talks.

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


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit * For Top News : (Reporting by Harish Bhaskar)

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