UPDATE 1-UK Stocks-Factors to watch on March 17

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items) March 17 (Reuters) - Britain's FTSE 100 index is seen opening higher on Friday, with futures up 0.7%.

* OFCOM: Britain's telecoms regulator said it needed another two months to consider BT's wholesale pricing offer, called Equinox 2, after further issues were raised by rivals.
* SPORTS DIRECT: Britain's


accounting watchdog said it has decided to close investigation into Grant Thornton's audit of Sports Direct International for the year to April 24, 2016.



* NON-STANDARD FINANCE: British doorstep lender Non-Standard Finance underlined plans to


recapitalise itself by raising about 95 million pounds ($115.57 million) through a pubic equity raise.


* BP: BP violated U.S. process safety rules and did not train workers properly at its Toledo, Ohio refinery, contributing to death of two workers at plant last year, U.S. federal investigators said.
* OIL: Oil prices rebounded by about 1% after meeting between Saudi Arabia and Russia calmed markets amid strong China demand expectations.
* GOLD: Gold prices rose, buoyed by weaker dollar, and were poised for biggest weekly gain since mid-November as global banking crisis sent investors flocking to the safe-haven metal.
* FTSE: London stocks rose on Thursday as banking sector recovered after Credit Suisse received lifeline from Swiss central bank to boost investor confidence, while Rentokil jumped after posting higher profit.




* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines (Reporting by Hani Kollathodi in Bengaluru)

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