UK Stocks-Factors to watch on June 16 (updated)

Liberty Global

16/06/2023 07:36

(Updates futures, adds news items)
       June 16 (Reuters) - Britain's FTSE 100  .FTSE  index is
expected to open higher on Friday, with futures  FFIc1  up
0.05%.
    
    * TESCO: Tesco  TSCO.L , Britain's biggest retailer, said 
there were "encouraging early signs" that inflation was starting
to ease across the market as it reported a 9% rise in underlying
UK sales in its latest quarter.
        * ITV: British broadcaster ITV  ITV.L  said it was
"actively exploring the possible acquisition of All3Media",
confirming Reuters story that it was exploring deal to buy the
production company.
        * CURRYS: British electricals retailer Currys  CURY.L 
said it is launching a strategic review of its Greek business
Kotsovolos and that could lead to a sale of the operations.
        * TRAVIS: Travis Perkins  TPK.L , Britain's biggest
supplier of building materials, lowered its annual profit
forecast.
        * GSK: British drugmaker GSK Plc  GSK.L  said U.S. Food
and Drug Administration extended review period for its
experimental drug momelotinib.
    * 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.
    * 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.

    
    * For more on the factors affecting European stocks, please
click on:  LIVE/ 
    TODAY'S UK PAPERS
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    > Other business headlines              PRESS/GB 



 (Reporting by Hani Kollathodi and Radhika Anilkumar in
Bengaluru; Editing by Dhanya Ann Thoppil)
 ((Radhika.Anilkumar@thomsonreuters.com))