UPDATE 2-UK Stocks-Factors to watch on Monday Sept 14

  • Reuters
  • Stock Market News
UPDATE 2-UK Stocks-Factors to watch on Monday Sept 14
Credit: © Reuters.

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Sept 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 47 to 56 points, or 0.9 percent higher on Monday, according to financial bookmakers, with futures FFIc1 up 0.3 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on ID:nL5N11K0AN

* The UK blue chip index closed 0.6 percent lower at 6,117.76 points on Friday.

* Jeremy Corbyn, a veteran left-winger who professes an admiration for Karl Marx, was elected leader of Britain's opposition Labour party on Saturday, a victory that may make a British EU exit more likely and which one former Labour prime minister has said could leave their party unelectable. ID:nL5N11I05D

* The new leader of Britain's opposition Labour Party named John McDonnell as shadow finance minister, putting a fellow left-winger in charge of the party's economic policy. ID:nL5N11K0KJ

* A Bank of England policymaker said interest rates need to rise "relatively soon" as wages pick up, adding to signs that support is gradually building for the first increase in British borrowing costs since before the financial crisis. ID:nL5N11I0LZ

* Scottish nationalist leader Nicola Sturgeon will include triggers for a second independence referendum in the party's manifesto for the 2016 Scottish election, she said in an interview with the Sunday Herald newspaper. ID:nL5N11I0PY

* ROYAL BANK OF SCOTLAND RBS.L - The Royal Bank of Scotland has hired Bank of America (NYSE: BAC ) Merrill Lynch BAC.N to prepare a spin-off of its Williams & Glyn-branded retail branches in the second half of 2016, a spokeswoman said on Sunday. ID:nL5N11J0G7

* TRINITY MIRROR PLC TNI.L - The publisher of the Daily Mirror and Sunday Mirror said it was in talks to buy out the shares it does not already own in rival Local World Holdings Ltd. ID:nL4N11K2CM

* ROYAL DUTCH SHELL PLC RDSa.L - The oil and gas company drilled a dry well in the southern section of the Norwegian Sea, The Norwegian Petroleum Directorate (NPD) said on Monday. ID:nEON2BQ6F6

* GEM DIAMONDS LTD GEMD.L - The global diamond producer sold a 357-carat white diamond for $19.3 million. ID:nFWN11J08P

* PURETECH HEALTH PLC PRTC.L - The healthcare company appointed Michael Maclean as chief financial officer. ID:nASB0A6EH

* FASTJET PLC FJET.L - The company named Colin Child as non-executive chairman with effect from Oct 1. ID:nFWN11J08T

* CHEMRING GROUP PLC CHG.L - The defence and security company reported a rise in its four-month revenue, and said that its current full year expectations were unchanged. ID:nFWN11J08R

TODAY'S UK PAPERS

> Financial Times

PRESS/FT

> Other business headlines

PRESS/GB Multimedia versions of Reuters Top News are now available for:

* 3000 Xtra

: visit http://topnews.session.rservices.com

* BridgeStation: view story .134 For more information on Top News visit http://topnews.reuters.com

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