UK Stocks-Factors to watch on March 24 (updated)
24/03/2025 07:53
Updates futures, adds new items March 24 - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.26%. * WOOD GROUP: UK's Wood Group WG.L said it has extended the deadline for a potential takeover offer by Dubai-based Sidara to April 17. * ARGO: Britain's Argo Blockchain ARB.L said former chief growth officer Justin Nolan would return as the cryptocurrency miner's CEO. * S4: Martin Sorrell's ad group S4 Capital SFOR.L said it expects its clients to remain cautious in the near-term amid increasing macroeconomic uncertainty and concerns about a brewing trade war, after it slumped to an annual loss. * GSK: GSK said that the European Medicines Agency has agreed to review a request to approve the British drugmaker's asthama drug Nucala as an additional treatment for chronic obstructive pulmonary disease (COPD) with an eosinophilic phenotype. * HEATHROW: London's Heathrow Airport resumed full operations on Saturday and ordered a probe into how it dealt with a power outage. Meanwhile, Britain's government has commissioned the national energy system operator to investigate the power outage, as experts questioned the airports contingency plans. * REEVES: British finance minister Rachel Reeves said that Britain will stick to its fiscal rules despite global upheaval. * SPENDING CUTS: Rachel Reeves is eyeing spending cuts for government officials saving over 2 billion pounds ($2.58 billion) a year by 2029-30, a cabinet office source said. * OIL: Oil prices inched up on the impact of U.S. sanctions on Iranian exports and Russia-Ukraine ceasefire talks. * GOLD: Gold was little changed. * METALS: Copper prices in London edged higher. * 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 = 0.7744 pounds) (Compiled by Simone Lobo in Bengaluru) ((Simone.Lobo@thomsonreuters.com; +919920570373;))