UK STOCKS-Factors to watch on March 17

By Reuters / March 17, 2017 / in.investing.com / Article Link

March 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 1 point at 7,416 on Friday, according to financial bookmakers.

* BP: BP Plc BP.L on Friday said it had sold around half its roughly 20-percent stake in New Zealand Refining Company Limited NZR.NZ for NZ$80.4 million ($56.2 million) as part of a global portfolio review. BHP BILLITON: The striking union at BHP Billiton's BLT.L Escondida mine in Chile, the world's biggest copper mine, said on Thursday that it would return to the negotiating table if the company gave a written guarantee that it would only discuss the union's three key demands. BP: UK petrochemicals group, Ineos is in talks with BP BP.L to buy the Forties Pipeline System, located in the North Sea, the Financial Times reported on Thursday. PANMURE GORDON: Former Barclays (LON:BARC) chief executive, Bob Diamond is launching a joint takeover bid with Qatari investors for Panmure Gordon PMR.L , Sky News reported on Thursday. ANGLO AMERICAN: Indian billionaire Anil Agarwal said he wants to buy a 2 billion pound ($2.45 billion) stake in Anglo American AAL.L , a major vote of confidence in the global miner's recovery. BRITISH AMERICAN TOBACCO: British American Tobacco (BAT) BATS.L said demand for its "glo" tobacco heating device overwhelmed supply in its Japan test marketing, as global cigarette giants shift focus to the new product category amid declining smoking population. BRITIAN BOND: British 10-year government bond yields hit a one-month high on Thursday after a Bank of England policymaker unexpectedly voted to raise interest rates, and there were signs that some other officials could be tempted to follow suit soon. BREXIT-BOE: Recent weakness in British pay growth likely reflects temporary caution about Brexit among employers, Bank of England rate-setter Kristin Forbes said in a newspaper opinion piece published in the Daily Telegraph on Thursday. OIL: Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. The UK blue chip FTSE 100 .FTSE index closed 0.6 percent higher at 7,415.95 points on Thursday, helped by a surge in commodities-related stocks, but pared some gains after a Bank of England (BoE) policymaker voted for a rate hike. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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