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UPDATE 1-UK Stocks-Factors to watch on June 25

Published 25/06/2019, 07:42
UPDATE 1-UK Stocks-Factors to watch on June 25
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(Adds company news items, futures)
June 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19
points lower at 7,397 on Tuesday, according to financial bookmakers, with
futures FFIc1 down 0.30% ahead of the cash market open.
* PETROFAC: British oilfield services provider Petrofac Ltd PFC.L said on
Tuesday it received new orders worth $1.7 billion so far this year, bolstered by
higher exploration activity in its core growth markets. * SOUTHERN WATER: Britain's water industry regulator said water company
Southern Water would pay 126 million pounds ($160.61 million) in penalties and
payments to customers for failure in the operation of its sewage treatment sites
and misreporting its performance. * CARPETRIGHT: British floor coverings chain Carpetright CPRC.L said its
turnaround was on track as it reported a narrowing of 2018-19 losses and
returned to underlying sales growth in its new financial year. * SHELL: A domestic consortium set up by Royal Dutch Shell RDSa.L and
pension fund manager PGGM has taken a bigger lead in the race for Dutch energy
company Eneco as two other contenders have dropped out, sources close to the
matter said. * OIL: Oil fell on Tuesday amid concerns over the outlook for crude demand,
but prices were supported after Washington announced new sanctions on Iran amid
mounting tensions in the Middle East. * GOLD: Gold prices climbed more than 1% on Tuesday to their highest in six
years as the dollar weakened on prospects of monetary easing by the Federal
Reserve, while simmering U.S.-Iran tensions drove investors towards the
safe-haven bullion. * The UK blue chip index closed 0.1% higher on Monday as gains in defensive
stocks such as healthcare were balanced by pressure on Asia-focussed banks, with
Sino-U.S. trade talks once again set to take centre stage at this week's G20
summit. * For more on the factors affecting European stocks, please click on:
LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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