UK Stocks-Factors to watch on April 12 (updated)

Petrofac

12/04/2024 07:35

(Adds new items, updates futures)
       April 12 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening higher on Friday, with futures  FFIc1  up 0.48%. 
        
    * PETROFAC: Oilfield services provider Petrofac  PFC.L  said
it was still facing challenges in securing new performance
guarantees, and that it remains in discussions with lenders over
restructuring its debt.
        * BARCLAYS: Barclays  BARC.L  promoted Avinash Thakur to
the head of capital markets financing in Asia Pacific on Friday,
according to an internal memo seen by Reuters and confirmed by a
company spokesperson.
        * FCA: British lenders have been told by the Financial
Conduct Authority to ensure they are adequately prepared to meet
the potential costs of customer complaints arising from its
review into the motor finance industry.
        * ECONOMY: Britain's economic output grew by 0.1% in
monthly terms in February and January's reading was revised
higher, pointing to an exit from recession in early 2024,
figures from the Office for National Statistics showed on
Friday.
    * BP: The United Arab Emirates' state-owned oil company
recently considered buying Britain's BP  BP.L  but the
deliberations did not progress beyond preliminary discussions,
people familiar with the matter told Reuters.
    * OIL: Oil prices rose as heightened tensions in the Middle
East raised the risk of supply disruptions from the
oil-producing region.
    * GOLD: Gold prices climbed to hit a historic peak as
central bank purchases amid geopolitical tensions sustained the
momentum for the yellow metal.
    * METALS: Shanghai aluminium rose to its highest in nearly
two years, as funds pumped money into commodities including
metals to hedge against rising inflation.
    
        
  
    * For more on the factors affecting European stocks, please
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    TODAY'S UK PAPERS
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 (Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))