UPDATE 1-UK Stocks-Factors to watch on March 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds news items, updates futures) March 28 - Britain's FTSE 100 index is seen opening higher on Tuesday, with futures up 0.55%.
* BP: BP and ADNOC confirmed they have made a non-binding offer to take NewMed Energy private.



* WOOD GROUP: John Wood Group said its annual profit was at the


top end of its expectations.


* DIAGEO: Diageo said that Chief Executive Ivan Menezes will retire and leave the Johnnie Walker whisky maker at the end of June.
* OCADO: British online supermarket Ocado Retail


kept its financial guidance for the full year as it reported a 3.4% rise in first quarter revenue.


* BELLWAY: British housebuilder Bellway Plc announced a share buyback programme worth 100 million pounds, despite posting a lower half-year profit.
* A G BARR: Irn-Bru maker A.G. Barr expects operating margins to take a


hit in the short term due to inflationary pressures and acquisitions.



* WILLIAM HILL: Britain's Gambling Commission has


fined three firms owned by William Hill 19.2 million pounds for failing to protect consumers and weak anti-money laundering controls, it said.


* CINEWORLD: Creditors of Cineworld Group PLC are outlining plans for a new board and executive team after nine years under CEO Mooky Greidinger and his deputy Israel Greidinger, Bloomberg News reported.
* STRIKES: More than 100,000 British civil and public servants will join another all-out strike on April 28, Britain's Public and Commercial Services union said.
* PAY: The National Education Union recommended that its members in England reject a government pay offer of a one-off payment and an average pay rise of 4.5% in the next financial year.
* FOOD PRICES: Soaring food prices pushed annual inflation in British shops to their highest in at least 18 years in March, industry data showed.
* OIL: Oil prices soften with markets focused on developments in the banking crisis and indications of strengthening demand in China.
* GOLD: Gold firms as softer dollar counters banking reprieve.





* 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 Sonia Cheema)

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