UK Stocks-Factors to watch on March 20

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 20 (Reuters) - Britain's FTSE 100 index is seen opening lower on Monday, with futures down 0.2%.


* RIO TINTO: Rio Tinto has more work to do to protect Indigenous cultural heritage at its mines around the world, according to an independent audit of its practices, the world's biggest iron ore miner said.


* HSBC: Silicon Valley Bank's UK arm handed out over 15 million pounds in bonuses days after its rescue deal this week by HSBC, Sky News reported on Saturday.
* MANUFACTURING: Britain's manufacturing output bounced back in the first three months of 2023, but firms expect the sector to contract as inflationary pressures persist, a survey showed.
* HOUSING: The average price of homes coming on the market in Britain stabilised in March and activity is picking up towards more normal pre-pandemic levels, a survey showed.
* JOHN LEWIS: British retailer John Lewis, which has been 100% owned by its staff, is considering diluting its partnership structure, The Sunday Times reported on Saturday.
* STRIKE: Security staff at London's Heathrow Airport voted on Friday to strike for 10 days, trade union Unite said.
* STRIKE: EasyJet Plc cabin staff in Portugal will go on a three-day strike in early April to demand higher wages, the SNPVAC union of civil aviation flight personnel said on Friday.
* OIL: Oil prices rose on historic Swiss banks deal, central banks support.
* GOLD: Gold prices dropped as risk sentiment improved after Swiss lender UBS sealed a deal to buy peer Credit Suisse.
* FTSE: London shares fell on Friday, reversing gains made earlier in the day, dragged by financial stocks as fears of banking crisis resurfaced.


* UK CORPORATE DIARY:
Computacenter Plc 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)

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