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UK Stocks-Factors to watch on March 23

Fri, 23rd Mar 2018 05:11

March 23 (Reuters) - Britain's FTSE 100 index is seen opening down72 points on Friday, according to financial bookmakers. * BANK OF ENGLAND: The Bank of England kept interest rates steady onThursday but two policymakers unexpectedly voted for a hike, reinforcing theview among economists that borrowing costs will rise in May for only the secondtime since the 2008 financial crisis. * DANA CONTRACT: Auto components maker Dana Inc said on Thursday itwould supply front and rear axles for the next generation of Jaguar and LandRover luxury vehicles in a contract worth 300 million pounds ($423.42million). The contract wins come as Dana has been in the midst of a bidding war withMelrose to merge with British engineering company GKN'sautomotive business. * BRITAIN FINTECH: Britain announced a task force on Thursday to exploit thetechnology underpinning cryptoassets, such as bitcoin and othercryptocurrencies, as part of new plans to help fintech companies find morecustomers. * OIL: Oil prices jumped more than 1 percent on Friday, pushed up by Saudiplans for OPEC and Russian led production curbs introduced in 2017 to beextended into 2019 in order to tighten the market. * GOLD: Gold prices rose to a two-week high early Friday on a softer dollaras investors scurried to safety after U.S. President Donald Trump took a steptowards long-promised anti-China tariffs, stoking fears of a global trade war. * The UK blue chip index closed 1.2 percent lower at 6,952.59 on Thursday,hit by concerns over potential trade wars and following a hawkish surprise fromthe Bank of England's policy meeting. * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets * UK CORPORATE DIARY: Smiths Group Plc Half Year 2018 Earnings Release Next Plc Full Year 2017 Earnings Release TODAY'S UK PAPERS > Financial Times > Other business headlines 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 Radhika Rukmangadhan in Bengaluru)
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24 May 2020 13:16

Sunday newspaper round-up: Hong Kong, Air bridges, Vaccine

(Sharecast News) - Hong Kong democracy activists yesterday made frantic plans to cover their tracks amid fears of a brutal crackdown by the world's most powerful surveillance state. Many deleted politically sensitive online postings, wiped social media accounts and turned to proxy servers that mask their identities after China announced sweeping national security laws for the territory. - Sunday Times

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24 Apr 2018 09:45

Melrose Reports Weak Start To Year For GKN As Quarterly Profit Drops

LONDON (Alliance News) - Melrose Industries PLC on Tuesday said recent prize GKN PLC's performance in the first quarter of the year was below expectations, with operating profit falling FTSE -

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24 Apr 2018 07:40

LONDON MARKET PRE-OPEN: Strong Quarter From St James's Place And LSE

LONDON (Alliance News) - Stocks in London are seen opening higher on Tuesday after reports of strong first-quarter performances from St James's Place and the London Stock Exchange, while said

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19 Apr 2018 10:09

Melrose Offer For GKN Now Unconditional, Directors Take Charge

LONDON (Alliance News) - FTSE 250-listed Melrose Industries PLC on Thursday said its offer for GKN PLC is now unconditional, as its directors join GKN's board in place of its old industrial it

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18 Apr 2018 17:17

Melrose Industries Receives Valid Acceptances For 85% Of GKN Shares

LONDON (Alliance News) - FTSE 250-listed Melrose Industries PLC on Wednesday said that it received valid acceptances representing about 85% of the voting rights of engineer GKN PLC.Earlier

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4 Apr 2018 14:39

Moody's Places GKN Rating Under Review For Downgrade After Melrose Bid

LONDON (Alliance News) - Moody's Investors Service on Wednesday put the Baa3 senior unsecured debt and programme ratings for GKN PLC under review for a potential in the at

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3 Apr 2018 15:08

Bank of America Increases Holding In GKN To 14% After Transaction (ALLISS)

LONDON (Alliance News) - GKN PLC said on Tuesday that Bank of America Corp upped its stake in FTSE-100 listed engineering company in transaction last Tuesday.Bank of to

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29 Mar 2018 20:02

ANALYSIS-Melrose’s "Project Golf" bid for GKN beats engineer’s “Damson” defence

* Melrose first contacted GKN’s brokers about bid on January 5 * Both sides only met once during three-month battle * GKN investors narrowly back Ben March 29 -

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29 Mar 2018 17:51

BRIEF-UK Govt Has "Statutory Responsibility" To Consider Whether GKN-Melrose Merger Gives Rise To Public Interest Concerns - Business Secretary??

March 29 (Reuters) - UK Business Secretary Greg Clark: * "DURING BID, MELROSE MADE COMMITMENTS WHICH THEY ARE BOUND TO HONOUR INCLUDING INVESTMENT IN RESEARCH AND

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29 Mar 2018 17:46

UPDATE: Dana Says Deal With GKN Driveline "Unlikely" After Melrose Win

LONDON (Alliance News) - US engineer Dana Inc late Thursday acknowledged the decision by GKN PLC's shareholders to accept the GBP8.4 billion bid by Melrose

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29 Mar 2018 17:17

LIVE MARKETS-Closing snapshot: STOXX posts worst quarter in 2 years

March 29 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your on 2

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29 Mar 2018 17:13

UPDATE: GKN Board Accepts Defeat And Recommends Melrose's Takeover Bid

LONDON (Alliance News) - GKN PLC's board on Thursday accepted defeat and asked shareholders of the company to accept the GBP8.4 billion takeover bid made by

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29 Mar 2018 17:05

UPDATE 1-Britain's FTSE posts worst quarter since 2011

* FTSE 100 up 0.17 percent on the day * FTSE ends first quarter with 8.2 percent loss * GKN surges after Melrose bid acceptance (Adds closing prices) By Kit Rees and Julien 29

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29 Mar 2018 16:52

UPDATE 1-Britain shrugs off Brexit to enjoy boom in dealmaking

By Ben Martin LONDON, March 29 (Reuters) - British companies have been swept up in a global boom in dealmaking that has seen the amount of M&A involving firms hit a

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29 Mar 2018 16:28

UPDATE 1-Melrose wins UK engineer GKN with $11 bln hostile bid

By Ben Martin LONDON, March 29 (Reuters) - Melrose Industries has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN, a

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