UK Stocks-Factors to watch on April 20

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 20 (Reuters) - Britain's FTSE 100 index is seen opening flat on Thursday with futures up 0.04%.


* GLENCORE: Canadian copper miner Teck Resources said on Wednesday Swiss commodities giant Glencore "opportunistic" proposal has not changed, and continued to recommend that shareholders vote for a planned spin-off.


* HSBC: HSBC has hit back at its largest shareholder Ping An's latest proposal to restructure the bank and separate its Asia business into a Hong Kong-listed entity.
* STRIKES: An ongoing strike by almost 2,000 British passport office workers in a pay dispute with the government will be expanded to include a further 1,000 staff next month, the Public and Commercial Services (PCS) trade union said.
* OIL: Oil prices fell in Asian morning trade as the U.S. dollar strengthened on rate-hike expectations and after recent economic data from the U.S. and China did not do enough to encourage expectations that demand will improve.
* GOLD: Gold prices inched down, after hitting a more than two-week low in the previous session, as investors grappled with the likelihood of more interest rate hikes by central banks to contain inflationary pressures.
* UK's FTSE 100 ended lower on Wednesday, snapping its longest winning streak in about 29 months, as consumer inflation stayed in double-digit territory, boosting bets for one more rate hike from the Bank of England at its May monetary policy meet.


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

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