UK Stocks-Factors to watch on Sept 16

Published 16/09/2019, 06:12
Updated 16/09/2019, 06:20
© Reuters.  UK Stocks-Factors to watch on Sept 16

Sept 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 30

points lower at 7,338 on Monday, according to financial bookmakers

* COBHAM: U.S. private equity firm Advent International is set to clinch its

4 billion pound ($4.99 billion) takeover of defence and aerospace group Cobham

Plc COB.L after Advent received support from more than 75% of shareholders,

the Financial Times reported on Friday. * FIRSTGROUP: Britain's FirstGroup FGP.L is pursuing potential options for

the separation of its UK First Bus business, a company spokesman said on Sunday.

* CENTRICA: A consortium of infrastructure funds led by Dalmore is in

advanced talks to buy a stake in Britain's nuclear power stations from EDF

Energy EDF.PA and Centrica Plc CNA.L for about 1.2 billion pounds ($1.50

billion), Sky News reported on Saturday. * OIL: Oil prices surged on Monday, with Brent crude posting its biggest

intra-day percentage gain since the start of the Gulf War in 1991, after an

attack on Saudi Arabian oil facilities on Saturday shut in the equivalent of 5%

of global supply. * GOLD: Gold prices jumped 1% on Monday as an attack on Saudi Arabia's oil

facilities dented risk appetite, boosting demand for the safe-haven bullion,

while investors awaited for clues on monetary easing from major central bank

meetings due this week.

* The UK blue chip index closed up 0.3% on Friday as optimism that a no-deal

Brexit could be avoided spurred a rally in stocks with domestic exposure,

overpowering losses in blue-chip exporter stocks that were hit by a stronger

sterling. UK CORPORATE DIARY:

PDL.L Petra Diamonds FY Results

SPI.L Spire Healthcare HY Results

* 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

($1 = 0.8021 pounds)

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