UK Stocks-Factors to watch on March 6

Reuters12:59
UK Stocks-Factors to watch on March 6

March 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.4%.

* SHELL: Shell SHEL.L inked several oil agreements with the Venezuelan government that span offshore natural gas and onshore oil and gas opportunities, the company said in a statement.

* WIZZ AIR: The U.S. Transportation Department granted tentative approval for budget carrier Wizz Air to operate flights between the UK and the U.S., saying it was in the public interest.

* GLENCORE: Glencore GLEN.L has proposed supporting Kazakh entrepreneur Shakhmurat Mutalip's $1.4 billion bid to buy a 40% stake in miner Eurasian Resources Group, the Financial Times reported, citing people familiar with the discussion.

* SENIOR PLC: Advent International has disclosed its rejected takeover proposal for Senior SNR.L, valuing the company at approximately 1.14 billion pounds.

* OIL: Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war.

* METALS: Aluminium is set to end the week higher due to supply concerns, as all eyes are on the war-hit Middle East, which produced 8% of the world's aluminium last year.

* GOLD: Gold prices rose after investors sought the safe-haven metal as uncertainty grew over a widening Middle East conflict.

* FTSE: The UK's blue-chip stock index reversed earlier gains to mark a three-week closing low on Thursday, as bond yields climbed on expectations that a jump in oil prices driven by the Middle East conflict will stoke inflation.

* UK CORPORATE DIARY:

IMI

IMI.L

FY results

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS> Financial Times PRESS/FT> Other business headlines PRESS/GB

(Compiled by Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment