June 8, 2017 / 5:35 AM / 2 months ago

UK Stocks-Factors to watch on June 8

4 Min Read

    June 8 (Reuters) - Britain's FTSE 100 index is seen opening down 2
points at 7477 on Thursday, according to financial bookmakers.
 
    * ELECTIONS: Prime Minister Theresa May is on course to increase her
majority in parliament in Britain's election on Thursday, opinion polls showed
on Wednesday, suggesting her gamble to call the vote to bolster her position in
Brexit negotiations will pay off.
    * SHELL: Royal Dutch Shell said on Wednesday its business is not
experiencing any operational disruptions in Qatar in the wake of a decision by
several Gulf countries to sever ties.
    * WPP: WPP, the world's largest advertising group, reported a slight
increase in like-for-like net sales growth in the first four months of 2017,
saying there was growth in all regions and businesses except North America and
data investment management.
    * BOOHOO: Online fashion retailer Boohoo.com Plc on Wednesday
nudged its full-year sales forecast upwards after a doubling in first-quarter
sales on the back of strong demand across all its businesses.
    * BERENDSEN: French laundry services group Elis SA sweetened its
offer to buy UK peer Berendsen Plc on Wednesday, and the companies said
they had agreed in principle on key terms.    
    * BHP/CHILE: BHP Billiton's Escondida, the world's biggest
copper mine, said it was snowing and all operations had been suspended after
heavy rains lashed the high altitude desert region of Antofagasta overnight and
into Wednesday. Antofagasta said Centinela and Zaldivar had suffered
intermittent interruptions.
    * BT GROUP: BT Group has picked a new auditor to replace
PricewaterhouseCoopers (PwC), months after the emergence of a 530 million pound
accounting crisis in its Global Services division, Sky News reported. bit.ly/2r81xFW
    * MINING: Large global mining companies, including Glencore, Anglo
American Plc and Rio Tinto, have cut back on investments
despite a turnaround in profitability and a spike in commodity prices, a
PricewaterhouseCooper's (PwC) report revealed on Wednesday.
    * EX-DIVS: Associated British Foods, Johnson Matthey,
Scottish Mortgage Investment Trust, Vodafone Group, WPP Plc
 will trade without entitlement to their latest dividend pay-out on
Thursday, trimming 11.7 points off the FTSE 100 according to Reuters
calculations 
    * The UK blue chip index closed 0.6 points lower at 7478.6 on Wednesday, a
day before Britons were set to begin voting in parliamentary elections that will
shape talks for the country's exit from the European Union.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
 CMC Markets Plc                    FY Earnings Release
 Auto Trader Group Plc              FY Earnings Release
       
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            
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 (Reporting by Arathy S Nair in Bengaluru; Editing by Sherry Jacob-Phillips)
  

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