UK Stocks-Factors to watch on June 9 (updated)

Mothercare

09/06/2023 07:43

(Updates futures, adds news items)
       June 9 (Reuters) - Britain's FTSE 100  .FTSE  index is
expected to open higher on Friday, with futures  FFIc1  up
0.14%.
   
    * WINDFALL TAX: Britain said on Friday a windfall tax on oil
and gas producers would run until 2028 but the 75% level would
almost half if prices returned to normal levels for sometime.
        * MOTHERCARE: Baby products retailer Mothercare Plc
 MTC.L  said CEO Daniel Le Vesconte has stepped down.
    * NETWORK INTERNATIONAL: Canada's Brookfield Asset
Management  BAM.TO  said it has reached an agreement with
payments provider Network International  NETW.L  for 2.2 billion
pound ($2.76 billion) cash offer.
        * AMIGO: British subprime lender Amigo Holdings Plc
 AMGO.L  said it had granted shareholder Michael Fleming an
exclusivity agreement, which would allow financier to look for
financing options, including debt, for troubled company.
        * OIL: Oil prices looked set to post their second
straight weekly loss as prices continued to fall on Friday over
demand concerns and scepticism that the United States and Iran
could strike a nuclear deal.
    * FDA: The U.S. Food and Drug Administration advisers backed
the use of Sanofi  SASY.PA  and partner AstraZeneca's  AZN.L 
experimental antibody to prevent respiratory syncytial
virus(RSV) infections in infants.
    * HOUSE PRICES: House prices in Britain are likely to fall
10% over the next two years and a more severe downturn in the
housing market could trigger a lengthy recession, credit ratings
agency Moody's said.   
    * GOLD: Gold prices edged lower after climbing more than 1%
in the previous session, although hopes of a likely pause on
interest rate hikes by the U.S. central bank kept bullion on
track for a weekly gain.
    
    
    * 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 and Hani Kollathodi in
Bengaluru; Editing by Savio D'Souza)
 ((Radhika.Anilkumar@thomsonreuters.com))