UK Stocks-Factors to watch on June 16

Liberty Global

16/06/2023 06:10

June 16 (Reuters) - Britain's FTSE 100  .FTSE  index is
expected to open lower on Friday, with futures  FFIc1  down
0.03%.
    
    * MANU: English football club Manchester United  MANU.N  is
negotiating granting exclusivity to the consortium led by
Qatar's Sheikh Jassim bin Hamad al-Thani in talks to sell itself
for more than $6 billion, people familiar with the matter said. 
    * VODAFONE: Vodafone  VOD.L  said it had reached an
agreement with unions over managing 1,003 job cuts in Italy
needed to cut costs.
    * SHELL: Top U.S. Gulf of Mexico oil producer Shell  SHEL.L 
said its Olympus production platform in the U.S. Gulf of Mexico
is offline for planned maintenance.
    * ITV: ITV  ITV.L  is exploring a deal to buy production
group All3Media from its joint owners Warner Bros Discovery Inc.
and Liberty Global to combine the business with its Studios
unit, two sources familiar with the matter said.
    * OIL: Oil prices were set to snap a two-week losing streak
despite trading marginally lower early on Friday, amid optimism
about higher energy demand from top crude importer China and a
weaker dollar.
    * GOLD: Gold prices moved in a tight range on Friday as
traders weighed recent U.S. economic data and hawkish signals
from the Federal Reserve, while a relatively softer dollar
provided some support to bullion.
    * UK's benchmark FTSE 100 edged higher on Thursday, as
heavyweight energy stocks rose tracking higher oil prices, while
events organizer Informa jumped after raising its annual
forecasts.
    
 * UK CORPORATE DIARY:   

      Peel Hunt            PEEL.L             FY results
        Tesco              TSCO.l        Q1 trading statement
 

    
    * 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 Radhika Anilkumar in Bengaluru; Editing by Dhanya
Ann Thoppil)
 ((Radhika.Anilkumar@thomsonreuters.com))