UK Stocks-Factors to watch on March 26

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on March 26
Credit: © Reuters.

March 26 (Reuters) - Britain's FTSE 100 .FTSE is seen opening 25 points higher at 7,202 on Tuesday, according to financial bookmakers.

* LONMIN: Platinum miner Lonmin LMI.L does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover by Sibanye-Stillwater SGLJ.J . FASTJET: Cash-strapped regional Africa airline Fastjet Plc FJET.L said on Monday it has reached an agreement to further extend the repayment date on its unsecured loans. SPORTS DIRECT: Mike Ashley's Sports Direct SPD.L said on Monday it was considering buying the whole of Debenhams DEB.L as an alternative to the restructuring options being pursued by the ailing department store chain's directors. OCADO: British online supermarket pioneer Ocado OCDO.L has signed a partnership agreement with Australia's Coles Group COL.AX , its fifth major overseas deal in less than 18 months as food retailers around the globe meet the challenge of online competition. GOLD: Gold prices were steady on Tuesday and hovered near one-month high hit in the previous session, as demand for safe-haven assets improved after treasury yields and equities fell on possible U.S. recession and global growth concerns. OIL: Oil prices edged up on Tuesday, lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, but signs of a sharp economic slowdown and potentially even a recession kept markets from rising further. The UK blue-chip index closed 0.42 percent lower at 7177.58 on Monday as fears of a recession in the United States triggered a sell-off in global markets, while the mid-cap index was battered by uncertainty over the next steps in Brexit. For more on the factors affecting European stocks, please click on: LIVE/

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