June 5, 2019 / 5:47 AM / 4 months ago

UK Stocks- Factors to watch on June 5

    June 5 (Reuters) - Britain's FTSE 100 index is seen opening up 15
points at 7,229 on Wednesday, according to financial bookmakers.    
    * TRUMP IN BRITAIN: U.S. President Donald Trump on Tuesday promised Britain
a "phenomenal" post-Brexit trade deal, dismissed differences over China's Huawei
and glossed over other disagreements as he heaped praise on the United States'
closest ally.
    * HIGH SPEED RAIL: Britain's next prime minister might decide to prioritise
other infrastructure spending projects over the planned, 56 billion-pound ($71
billion) High-Speed 2 (HS2) rail project, chief secretary to the Treasury Liz
Truss said.
    * BT GROUP: The Football Association announced a five-year deal with
Britain's biggest telecoms group BT on Tuesday that will include
sponsorship of all England teams and Wembley Stadium.
    * SANTANDER: Spain's Banco Santander is to cut about 200 jobs in
its British subsidiary as part of a reorganisation, it said, adding that the
changes would affect the corporate and commercial banking division.
    * ARCADIA: Arcadia Group agreed to provide 210 million pounds ($266.64
million) in security to its pension schemes, which includes an additional 25
million pounds agreed with The Pensions Regulator, the company.
    * NSF: British subprime lender Non-Standard Finance is dropping its
hostile 1.3 billion pound ($1.65 billion) bid for rival Provident Financial
, NSF said on Tuesday.
    * OIL: Oil prices ended as much as 1% higher on Tuesday after a global stock
market rally pulled Brent crude from a four-month low touched earlier in the
session.
    * GOLD: Gold prices edged higher, holding near the three-month high it
touched in the previous session, as the dollar weakened on rising prospects of a
rate cut by the U.S. Federal Reserve.
    * The UK blue chip index closed 0.4% higher at 7,214 as China's request for
dialogue with the United States to resolve trade differences offered  respite.

    * For more on the factors affecting European stocks, please click on:

    
    * UK CORPORATE DIARY:
    
 Workspace Group PLC     WKP.L    Full Year 2019 Earnings Release
 Findel PLC              FDL.L    Full Year 2018 Earnings Release
 Impax Asset Management  IPX.L    Half Year 2019 Earnings Release
 Card Factory PLC        CARDC.L  Q1 2019 Trading Statement Release
 
        
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            

 (Reporting by Sangameswaran S in Bengaluru)
  
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