March 6, 2017 / 6:35 AM / 5 months ago

UK Stocks-Factors to watch on March 6

    March 6 (Reuters) - Britain's FTSE 100 index is seen opening down 12
points at 7,362 on Monday, according to financial bookmakers.

    * STANDARD LIFE-ABERDEEN ASSET: Standard Life and Aberdeen Asset
Management, two of Scotland's most well-known financial firms, are in
talks over an 11 billion pound ($13.5 billion) tie-up to create Britain's
largest investment manager.
    * SHAWBROOK: British bank Shawbrook Group Plc said on Friday it has
received a joint offer from two private equity firms to buy the lender less than
two years since it went public, in a deal worth 825 million pounds ($1 billion).

    * DEUTSCHE BOERSE-LSE: Deutsche Boerse Chairman Joachim Faber has
put the blame for a failed tie-up with the London Stock Exchange on
Britain and its vote to leave the European Union.
    * SAINSBURY: Sainsbury's, Britain's second largest supermarket
group, is to cut up to 400 jobs in a restructuring of its store operations, it
said on Friday.
    * RIO TINTO: Rio Tinto and its partners are cutting output
and jobs at the Boyne aluminum smelter in Australia, adding to cuts announced in
January, it said on Friday, blaming a jump in power prices.
    * ITV: The European Court of Justice ruled TVCatchup.com cannot offer ITV's
 channels for free streaming online without the UK broadcaster's
permission, the Telegraph reported on Sunday. bit.ly/2mcjHa3
    * OIL: Oil prices slipped in Asian trade on Monday, wiping out some of the
gains of the previous session amid ongoing concern over Russia's compliance with
a global deal to cut oil output.
    * The UK blue chip index closed 0.1 percent lower at 7,374.26 points on
Friday, weighed down by a raft of disappointing earnings updates as well as
weakness in the mining sector.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:    
 Synthomer PLC                         Full Year 2016 Synthomer
                                       PLC Earnings Release
 Ultra Electronics                     Full Year 2016 Ultra
 Holdings PLC                          Electronics Holdings PLC
                                       Earnings Release
 Devro PLC                             Full Year 2016 Devro PLC
                                       Earnings Release
 Abcam PLC                             Half Year 2017 Abcam PLC
                                       Earnings Release
 Informa PLC                           Full Year 2016 Informa PLC
                                       Earnings Release
                
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            
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 (Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Subhranshu Sahu)
  

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