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UPDATE 1-UK Stocks-Factors to watch on March 25

Mon, 25th Mar 2019 07:41

March 25 (Reuters) - Britain's FTSE 100 is seenopening 27 points lower at 7,181 on Monday, according tofinancial bookmakers, while FTSE 100 futures were down0.38 percent ahead of the cash market open.* MAJESTIC: Majestic Wine said on Monday it wouldfocus on its online wine retail business Naked Wines byreleasing capital from its Retail and Commercial operations asBritain nears its exit from the European Union.* INMARSAT: A private equity-led consortium on Monday agreedto buy British satellite operator Inmarsat for about$3.4 billion in cash.* CONVATEC: British medical devices maker ConvaTec Group Plcon Monday named Genus Plc's top boss KarimBitar as its chief executive officer and said ChairmanChristopher Gent would retire from his role.

* ROYAL DUTCH SHELL: Just over a year after buying FirstUtility, Royal Dutch Shell has rebranded the Britishhousehold energy supplier and is switching all its customers torenewable electricity as the oil and gas giant seeks to expandits low-carbon business.

* FLACKS: Flacks Group said on Friday it would not make anoffer for Laura Ashley Holdings, nearly a month afterthe British fashion retailer dismissed an unsolicited takeoveroffer from the investment firm.

* GVC Holdings: Ladbrokes owner GVC Holdings Plc'schairman, Lee Feldman, is preparing to leave the company, daysafter offloading a large stake at a discounted price, Sky Newsreported on Friday.

* GOLD: Gold rose on Monday as investors' appetite forriskier assets faded on concerns about a potential U.S.recession and decelerating global growth, increasing appeal forthe bullion alongside yen and bonds.

* OIL: Oil prices dropped by almost 1 percent on Monday,with concerns recession could be looming outweighing supplydisruptions from OPEC's production cutbacks and from U.S.sanctions on Iran and Venezuela.

* The UK blue-chip index closed 0.21 percent lower at7207.59 on Friday as a surge in the pound weakened exporterstocks and poor manufacturing data from the euro zone and theUnited States pulled the index deeper into the red.

* For more on the factors affecting European stocks, pleaseclick on:

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 Adil Bhat in Bengaluru)

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15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

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Berenberg nudges up target price on Shell

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31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

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Shell's renewables boss steps down after less than two years

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27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

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26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

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26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

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26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

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UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

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LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

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25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

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25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

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