UK Stocks-Factors to watch on Dec 23

Petrofac

23/12/2024 04:47

Dec 23 (Reuters) - Britain's FTSE 100  .FTSE  index is
seen opening lower on Monday, with futures  FFIc1  down 0.26%.
    
    * PETROFAC: Oilfield services provider Petrofac  PFC.L  said
on Sunday that it has entered into a binding agreement with key
financial creditors on the terms of a comprehensive
restructuring.
    * VODAFONE: Swisscom's  SCMN.S  planned acquisition of
Vodafone Italia  VOD.L  has been cleared by Italy's competition
watchdog and its industry ministry, the Swiss telecoms group
said.
    * THAMES WATER: Britain's Thames Water said on Friday it was
proposing, as a precautionary measure, to waive potential
defaults that might arise from a group of Class B creditors
seeking a parallel restructuring plan.
    * GOLD: Spot gold edged higher on Monday, supported by short
covering after a weekly loss on Friday due to the Federal
Reserve's cautious stance on rate cuts in the upcoming year.
    * OIL: Oil prices inched higher on Monday, along with other
risk assets, after U.S. data showed cooling inflation, reviving
hopes of further policy easing next year that will support
global economic growth and oil demand.
    * Britain's FTSE 100 touched a more than one-month low on
Friday and logged its sharpest drop since October 2023 for a
week filled with a raft of central bank policy decisions.
    
    * For more on the factors affecting European stocks, please
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 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))