January 9, 2018 / 5:20 AM / a year ago

UK Stocks-Factors to watch on Jan 9

    Jan 9 (Reuters) - Britain's FTSE 100 index is seen opening up 11
points on Tuesday, according to financial bookmakers.
    * SHIRE: Shire ditched its revenue target of $20 billion by 2020 on
Monday due to increased generic competition and new drugs from rivals, saying it
would split its rare disease and hyperactivity medicines businesses to boost
    * PSA JOBS: Peugeot-maker PSA will cut a further 250 jobs at its
Vauxhall car plant in the north of England, reducing the workforce by a third as
part of efforts to make the plant more efficient by reducing its output to one
    * SHELL: Seventeen men have been arrested and millions of dollars in cash
seized as part of an investigation into a suspected oil theft at Shell's
 biggest refinery, Singapore police said on Tuesday.
    * UK RETAIL: Inflation-squeezed British shoppers cut back on almost
everything other than food in the last three months of 2017, leading to the
biggest fall in non-grocery spending since 2009, industry figures showed on
    * UK JOBS:  British companies hired permanent staff last month at the
fastest rate since August, pushing up starting salaries, recruiters said on
    * OIL:  U.S. oil prices hit their highest since 2015 again on Tuesday as
speculators bet on further price rises amid OPEC-led production cuts and a dip
in American drilling activity, though some warned the rally could run out of
    * The UK blue chip index closed 0.4 percent lower at 7,696.51 on Monday, as
small-cap Mothercare sank by a third after a profit warning, while software firm
Micro Focus dropped nearly 17 percent after cutting guidance.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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    > Financial Times                     
    > Other business headlines            
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 (Reporting by Radhika Rukmangadhan in Bengaluru)
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