UK Stocks-Factors to watch on April 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 3 - Britain's FTSE 100 index is seen opening higher on Monday with futures up 0.05%.
* HSBC: An activist Hong Kong investor's demand for HSBC Holdings , to spin-off its Asia business and increase dividend payouts will be in focus as the London-headquartered bank holds a meeting with shareholders in its biggest market.
* CINEWORLD: Cineworld Group Plc is planning to raise $2.26 billion, according to a court filing, as the theatre chain aims to emerge from Chapter 11 bankruptcy in the first half of 2023.
* BRITISHVOLT: Recharge Industries Pty Ltd's attempt to buy the Britishvolt site is at risk of collapsing due to a dispute with administrator EY over a power supply contract signed by the failed battery startup, the Financial Times reported.
* APPLE: Apple Inc won its appeal against the decision by Britain's antitrust regulator to launch an investigation into its mobile browser and cloud gaming services, the Competition Appeal Tribunal ruled.
* OIL: Oil prices jumped about $5 a barrel on open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability.
* GOLD: Gold prices slipped as a sturdy dollar made the greenback-denominated metal less affordable for buyers holding other currencies.
* METALS: Copper prices slipped as a slowdown in China's factory activity growth fanned demand concerns, and the U.S. dollar firmed.


* FTSE: London stocks closed higher on Friday helped by gains in healthcare and consumer staples, while cooling U.S. inflation data bolstered hopes of a softer monetary policy stance from the Federal Reserve.


* 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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