UK Stocks-Factors to watch on March 16

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 16 - Britain's FTSE 100 index is seen opening higher on Thursday with futures up 1.3%.
* BRITISH AMERICAN TOBACCO: British American Tobacco is facing pressure from shareholder GQG Partners to move its primary listing to New York, saying it "makes no sense" for the cigarette maker to remain on the UK stock market, the Financial Times reported.
* SHELL: Shell's Nigerian subsidiary SPDC has lifted force majeure on Bonny crude exports, an SPDC spokesperson said.
* STANDARD CHARTERED: Standard Chartered is not seeing a direct impact on its liquidity or balance sheet from the fallout in global markets after the collapse of Silicon Valley Bank last week, the lender's deputy chief financial officer said.
* OIL: Oil prices clawed back some ground after sliding to 15-month lows in the previous session as markets calmed somewhat after Swiss regulators threw a financial lifeline.
* GOLD: Gold retreated from a safe-haven-driven rally, which sent prices to their highest since early-February, as traders sought clarity on the financial sector after Credit Suisse became the latest focal point for fears of a banking crisis.
* METALS: London copper prices bounced back from a more than two-month low in the previous session, as regulators pledging support for Credit Suisse reassured investors, but sentiment stayed weak amid a U.S. banking crisis.
* FTSE: London's FTSE 100 recorded its worst day in a year with Swiss lender Credit Suisse's slide to a record in the aftermath of Silicon Valley Bank's collapse aggravating contagion fears in the banking sector.


* UK CORPORATE DIARY:
DFS Furniture Q1 Results Centamin FY Results Rentokil Initial FY Results Halma FY trading update Deliveroo FY Results TI Fluid Systems FY Results Helios Towers FY Results Investec Plc Pre-close briefing Savills Plc FY Results OSB Group FY Results




* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Prerna Bedi in Bengaluru; Editing by Dhanya Ann Thoppil)

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