UPDATE 1-UK Stocks-Factors to watch on March 16

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) March 16 - Britain's FTSE 100 index is seen opening higher on Thursday, with futures up 0.8%.
* DELIVEROO: British meal delivery company Deliveroo said it would make up to 50 million pounds in core earnings this year after achieving a better-than-expected positive margin in the second half of 2022.
* UNITED UTILITIES: British water company United Utilities said its


Chief Executive Officer Steve Mogford would step down from its board on March 31.



* DFS FURNITURE: British furniture retailer DFS reported a 16.2%


fall in half-year profit, due to rising costs, particularly in the first quarter, and as customer discretionary spending was pressured by a weak market environment.



* RENTOKIL: Rentokil Initial Plc posted a nearly 28% jump in full-year adjusted profit, boosted by strong demand for pest control services in the United States and the acquisition of Terminix units.


* 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: Safe-haven gold paused its rally as traders positioned for more developments surrounding the banking sector crisis after Credit Suisse became the latest focal point.




* 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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