UK Stocks-Factors to watch on March 29

Digitalbox

29/03/2022 06:31

March 29 (Reuters) - Britain's FTSE 100 index  .FTSE  is
seen opening higher on Tuesday, with futures  FFIc1  up 0.4%.
   
    * GAS: With Britain among the Western countries scrambling
to find alternatives to Russian energy, an industry group has
warned the country requires big investment in offshore wind
power and risks even greater dependence on energy imports as its
own oil and gas supplies shrink.  urn:newsml:reuters.com:*:nL5N2VV391
    * ASDA: Asda said on Monday it was targeting regaining its
status as Britain's No. 2 supermarket group as it reported a 42%
jump in 2021 operating profit and launched a value range for
cash-strapped shoppers.  urn:newsml:reuters.com:*:nL5N2VV145
    * BUDGET: British finance minister Rishi Sunak on Monday
defended the tax cuts he announced last week, after they were
widely criticised for not helping the poorest households through
the most severe hit to living standards since at least the
1950s.  urn:newsml:reuters.com:*:nL5N2VV4M1
    * P&O FERRIES: Britain said on Monday it will force ferry
operators docking in its ports to pay the minimum wage as it
stepped up pressure on P&O Ferries to rehire 800 workers who the
company fired without notice in favour of cheaper staff.
 urn:newsml:reuters.com:*:nL5N2VV2HS
    * OIL: Oil prices dropped, extending losses from the
previous day as Ukraine and Russia headed for peace talks and on
fears of a drop in fuel demand in China after the financial hub
of Shanghai shut down to curb a surge in COVID-19 cases.
 urn:newsml:reuters.com:*:nL2N2VV2P9
    * GOLD: Gold prices were flat as the U.S. dollar held firm
at a three-week high scaled in the previous session and yields
climbed, while investors refrained from making big bets ahead of
Russia-Ukraine peace talks starting later in the day.
 urn:newsml:reuters.com:*:nL3N2VW0GT
    * London's FTSE 100 ended lower on Monday, as gains in
consumer staples on the back of weaker pound were countered by
weaker energy stocks as oil prices fell on China demand worries.
 urn:newsml:reuters.com:*:nL3N2VV1TK
    
    * UK CORPORATE DIARY:   
  
  Bellway      BWY.L     HY results
                              
  A G Barr     BAG.L     FY results
                              
  Boku Inc     BOKU.L    FY results
                              
  IQE Plc      IQE.L     FY results
                              
 Digitalbox    DBOX.L    FY 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 

 (Reporting by Muhammed Husain in Bengaluru)
 ((Muhammed.husain@thomsonreuters.com))