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UPDATE 1-UK Stocks-Factors to watch on March 22

Thu, 22nd Mar 2018 07:43

March 22 (Reuters) - Britain's FTSE 100 index is seen opening 22points lower on Thursday, according to financial bookmakers, with futuresdown 0.4 pct ahead of the cash market open.

* LAMPRELL: British oil rig builder Lamprell said on Wednesday itexpects lower revenue this year and posted a core loss for 2017, hurt by lowerspending by oil explorers and losses at a windfarm project.

* TED BAKER: British fashion retailer Ted Baker on Thursday reporteda 12.2 percent rise in its annual pretax profit as online sales surged.

* IG GROUP: IG Group Holdings Plc, a British online financialtrading company, reported a 30.2 percent rise in third-quarter revenue, as agrowing client base continued to help offset the impact of quiet markets andtighter regulation.

* STOBART/FLYBE: British infrastructure and support services firm StobartGroup scrapped plans to try to buy Flybe Group, saying thestruggling UK-based regional carrier had already rejected a bid and it did notwant to make a higher offer.

* BANK OF ENGLAND: Britain's central bank is likely to keep on course onThursday for an interest rate rise in May which would take borrowing costs abovetheir emergency levels for the first time since the financial crisis more than adecade ago.

* RECKITT BENCKISER: British consumer goods maker Reckitt Benckiser Groupsaid on Wednesday it had ended discussions with Pfizer Inc overbuying its consumer healthcare business, a day before the U.S. drug company wasexpecting binding offers for the unit.

* PETROFAC: Petrofac Chief Executive Officer Ayman Asfari has acquired 10million pounds ($14 million) of shares in the oilfield services company, aregulatory filing shows.

* INTERSERVE: British construction and services company Interservesaid on Wednesday it reached an agreement in principle with its creditors whichwill secure its funding.

* BRITAIN WAGE GROWTH: British workers' overall pay rose at the fastest pacein more than two years during the three months to January, bolstering thechances that the Bank of England will raise borrowing costs in May.

* EX-DIVS: British American Tobacco, Randgold Resources,Schroders, Segro and Sky will trade withoutentitlement to their latest dividend pay-out on Thursday, trimming 6.02 pointsoff the FTSE 100 according to Reuters calculations

* The UK blue chip index closed 0.3 percent lower at 7,038.97 on Wednesday.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY'S UK PAPERS

> Financial Times

> Other business headlinesMultimedia 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)

More News
15 Jan 2019 09:54

Public sector outsourcing rocket 53% in 2018 despite struggles

(Sharecast News) - GMB union has launched the Go Public campaign to reduce the outsourcing of public services which has risen by 53% in 2018 despite the struggles of many operators in the market and the Carillon collapse last year.

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21 Dec 2018 07:43

Interserve and lenders agree terms for debt-for-equity swap

(Sharecast News) - Interserve has negotiated the main terms of a debt-for-equity swap with its lenders, with a portion of new shares offered to existing and new investors through a public offering.

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12 Dec 2018 09:57

One third of government's expenditure goes to external suppliers

(Sharecast News) - The UK government spends around one third (£284bn) of its total budget with private companies and could risk being unable to abandon current procurement arrangements even if politicians so wished, a new report has found.

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10 Dec 2018 16:59

LONDON MARKET CLOSE: Brexit Vote Uncertainty Hits Pound, Housebuilders

LONDON (Alliance News) - Sterling sank on Monday as Brexit uncertainty was prolonged with the delay of a crunch House of Commons vote on Prime Minister Theresa May's controversial withdrawal a

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10 Dec 2018 12:04

LONDON MARKET MIDDAY: Pound Down As UK Growth Slows, Brexit Vote Looms

LONDON (Alliance News) - Sentiment among equities investors was subdued in London on Monday following weak economic data out of China over the weekend, but the foreign-earner heavy FTSE 100 index

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10 Dec 2018 10:59

WINNERS & LOSERS SUMMARY: Just Group Jumps 23% On Regulatory Decision

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------NMC up The

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10 Dec 2018 08:49

LONDON MARKET OPEN: Trade Fears And Weak China Data Sends Stocks Lower

LONDON (Alliance News) - Share prices in London opened lower Monday, following a string of weak economic data from the US, China and Japan and ahead an key week for UK politics and a European Bank

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10 Dec 2018 07:52

Interserve crashes to new low as banks discuss debt swap

(Sharecast News) - Interserve said it was in talks with its banks about converting a "substantial proportion" of its debt pile into new equity, sending its shares crashing more than 70% on Monday morning.

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10 Dec 2018 06:52

Interserve Confirms Deleveraging Plan To Result In "Material Dilution"

LONDON (Alliance News) - Interserve PLC on Sunday said it continues to trade in line with its expectations for 2018 and intends to publish its finalised deleveraging plan in early 2019.The

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8 Dec 2018 11:30

PRESS: Interserve Shareholders Face Wipe Out From New Debt Talks - FT

LONDON (Alliance News) - Shareholders of Interserve PLC could lose everything under the terms of a rescue finance plan being discussed between the outsourcing firm and creditors, the Financial to

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23 Nov 2018 10:36

WINNERS & LOSERS SUMMARY: Flybe Up 37% On Virgin Atlantic Bid Report

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 1.1%. The budget airline rose after Sky is

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23 Nov 2018 10:22

Interserve disappoints on debt guidance

(Sharecast News) - Interserve, the construction and services company, said net debt would swell more than expected this year but maintained targets for cost-cutting and "significant" profit growth.

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23 Nov 2018 08:40

Interserve Expects Higher Operating Profit Despite Construction Loss

LONDON (Alliance News) - Interserve PLC said Friday it expects to record a significant improvement in operating profit for 2018, although its UK construction business is likely to post a small the

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23 Nov 2018 07:50

LONDON MARKET PRE-OPEN: Ibstock Sells US Unit; Indivior Gets Approval

LONDON (Alliance News) - London share prices are seen opening marginally lower on Friday which would add to a sharp fall on Thursday, as lingering concerns over global growth continued to weigh on

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2 Oct 2018 10:40

Interserve sells scaffolding, industrial business for £3.6m

(Sharecast News) - Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services business (IISL) to Enigma Industrial Services Holdings for £3.6m in cash, but at a loss of £8.4m.

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