UPDATE 1-UK Stocks-Factors to watch on March 23

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items and updates Futures) March 23 (Reuters) - Britain's FTSE 100 index is seen opening lower on Thursday, with futures down 0.22%.


* LLOYD'S OF LONDON: Lloyd's of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday.
* AMIGO: British subprime lender Amigo Holdings plc said it would wind down after failing to secure adequate investor interest in a vital capital raise, ending months of efforts to restructure its ailing business.


* CENKOS/ finnCap: London-listed investment banks Cenkos Securities and finnCap Group will merge in an all-stock deal worth 21.1 million pounds ($26.02 million), the companies said in a combined statement.
* UK'S GAMBLING COMMISSION: UK's Gambling Commission said it imposed a 7.1 million pounds penalty on online operators 32Red Ltd and Platinum Gaming Ltd, which are part of Kindred Group Plc , for social responsibility and anti-money laundering failures.
* OIL: Oil prices fell following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world's largest economy, while U.S. crude stocks rose more than expected.
* GOLD: Gold prices advanced, as the dollar slipped after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet.
* METALS: Prices of copper ticked up, supported by a weaker dollar as investors bet on a pause in interest rates by the U.S. Federal Reserve, while the market shifted focus to supply and demand outlooks.


* For more on the factors affecting European stocks, please click on: TODAY'S UK PAPERS > Financial Times > Other business headlines ($1 = 0.8110 pounds) (Reporting by Prerna Bedi And Anchal Rana in Bengaluru)

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