UK Stocks-Factors to watch on April 20

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on April 20
Credit: © Reuters.

April 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 20 points, or 0.3 percent lower on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on The UK blue chip index closed up 51.83 points higher on Tuesday at 6,405.35, having risen to its highest level in four months, lifted by stronger mining and banking stocks. BHP BILLITON: Mining giant BHP Billiton BHP.AX BLT.L followed rival Rio Tinto RIO.AX RIO.L in trimming its iron ore output guidance on Wednesday, helping to ease pressure on an oversupplied market. BHP BILLITON: BHP Billiton BHP.AX BLT.L is considering quitting its coal assets in Indonesia, where it recently started shipping steel-making coal from a small mine, amid uncertainty over Indonesian regulations and a weak outlook for coal. RANDGOLD RESOURCES: Randgold Resources RRS.L has entered a joint venture in the Democratic Republic of Congo with a company controlled by Israeli billionaire Dan Gertler and a state miner, the company's chief executive said on Tuesday. STANDARD LIFE: Indian mortgage lender Housing Development Finance Corp HDFC.NS said on Tuesday it plans to list up to 10 percent of its life insurance joint venture with Britain's Standard Life Plc SL.L in an initial public offering (IPO). HSBC: Battling against sceptical Western investors, HSBC HSBA.L , is on a mission to explain why its push into a slowing China is good for the global bank's future growth. UK BANKS: The Bank of England is too optimistic about being able to close big banks smoothly if they run into trouble and lenders should hold far more capital to keep the financial system safe, the architect of a major banking reform said on Tuesday. UK FCA: British finance minister George Osborne said he would give parliament the right to veto future appointments to run the country's Financial Conduct Authority, which has sweeping powers over the banking industry. UK STEEL: Managers at Tata's TISC.NS Port Talbot steelworks have been briefed about a potential management buyout plan, Sky News reported on Tuesday, citing sources. INSURERS: Global insurers expect private equity to produce the highest returns in the next year and a quarter plan to increase allocations to the asset class, a Goldman Sachs (NYSE: GS ) Asset Management survey showed on Wednesday. SILVER: Silver rallied to an 11-month high on Wednesday, lifting gold for a second session and sending platinum to a fresh six-month top, as a softer dollar and optimism about the Chinese economy buoyed the white metal. OIL: Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut production from the Middle Eastern country, and data showed U.S. stockpiles rose last week. COPPER: London copper floated near a three-week high on Wednesday after a stream of encouraging signals on China's economy and a revival in oil prices lifted sentiment towards commodities. UK CORPORATE DIARY:

Punch Taverns PLC

PUB.L

Half Year Moneysupermarket.Com Group PLC

MONY.L Q1 EVRAZ plc

EVRE.L Q1 Production Results Motif Bio PLC

MTFB.L Full Year Travis Perkins PLC

TPK.L

Q1 GKN PLC

GKN.L

Q1 ARM Holdings PLC

ARM.L

Q1 Hochschild Mining PLC

HOCM.L Q1 Production Results Relx PLC

REL.L

Q1 N Brown Plc

BWNG.L Full Year

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles