UK Stocks-Factors to watch on March 20


Shutterstock photo

UPDATE 1-UK Stocks-Factors to watch on March 20


(Adds company news items)

March 20 (Reuters) - Britain's FTSE 100 futures FFIc1 were flat ahead of the cash market open on Monday.

* PHOENIX: Phoenix Group HoldingsPHNX.L , Britain's largest owner of life assurance funds closed to new customers, raised its long-term cash generation target due to benefits of acquisitions made last year. urn:newsml:reuters.com:*:nL4N1FV35C

* UNILEVER: Unilever ULVR.L is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday. urn:newsml:reuters.com:*:nL5N1GV0UP

* BHP BILLITON: The labor union at the world's largest copper mine, BHP Billiton's BLT.L Escondida in Chile, called a fresh offer of talks by management to end a 39-day strike "manipulative." urn:newsml:reuters.com:*:nL2N1GW0IO

* RBS: Lawyers representing tens of thousands of Royal Bank of Scotland (RBS) RBS.L shareholders have held tentative talks to settle a 1.2 billion pound damages claim over the lender's 2008 rights issue that was launched shortly before a state bailout, two sources said. urn:newsml:reuters.com:*:nL5N1GV08R

* PETROFAC/WOOD GROUP: Canada'sSNC-LavalinSNC.TO and PetrofacPFC.L are eyeing Wood GroupWG.L and Amec Foster WheelerAMFW.L with the aim of acquiring assets and contracts likely to be divested by the UK pair as a result of their 2.2 bln pounds merger, the Financial Times reported on Sunday. urn:newsml:reuters.com:*:nL3N1GW0F3

* ASTRAZENECA: A newer class of type 2 diabetes drugs significantly cut the risk of death and hospitalization for heart failure compared with other medicines for the disease, according to data released on Sunday from a so-called real world study sponsored by AstraZenecaAZN.L . urn:newsml:reuters.com:*:nL2N1GV0EP

* MELROSE: Melrose IndustriesMRON.L bosses are likely to be handed shares worth more than 150 mln pounds, Sky News reported on Sunday. urn:newsml:reuters.com:*:nL3N1GW0EL

* BRITAIN HOUSING: Asking prices for homes in England and Wales are showing above-average increases as a shortage of properties for sale outweighed any nervousness about Brexit, a survey published by property data firm Rightmove showed on Monday. urn:newsml:reuters.com:*:nL5N1GU4SS

* BREXIT: Prime Minister Theresa May will visit Wales on Monday as part of a plan to engage with all the nations of the United Kingdom before she formally launches Britain's departure from the European Union. urn:newsml:reuters.com:*:nL5N1GW0CD

* OIL: Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. urn:newsml:reuters.com:*:nL3N1GX1CR

* The UK blue chip FTSE 100 .FTSE index ended 0.1 percent higher at 7,424.96 points on Friday, closing at a record level but with a stronger sterling capping gains. urn:newsml:reuters.com:*:nL5N1GU4R6

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

TODAY'S UK PAPERS

> Financial TimesPRESS/FT

> Other business headlines PRESS/GB Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * For Top News : http://topnews.reuters.com

(Reporting by Siju Varghese; Editing by Amrutha Gayathri) ((siju.varghese@thomsonreuters.com ; Tel: +91 80 6749 3687; Reuters Messaging: siju.varghese.thomsonreuters.com@reuters.net))

Keywords: BRITAIN STOCKS/FACTORS




This article appears in: World Markets , World Markets , Economy , Stocks , World Markets , Stocks
Referenced Symbols: AMFW , AZN , BHP , BLT , FFIC


More from Reuters

Subscribe






See headlines for AMFW

Follow on: