UK Stocks-Factors to watch on April 16 (updated)
16/04/2024 07:48
(Adds new items, updates futures)
April 16 - Britain's FTSE 100 .FTSE index is seen
opening lower on Tuesday, with futures FFIc1 down 1.2%.
* DS SMITH: International Paper IP.N said it had agreed to
an all-share deal to buy DS Smith SMDS.L , valuing the British
paper and packaging firm at 5.8 billion pounds ($7.20 billion).
* SUPERDRY: British fashion chain Superdry SDRY.L
launched a restructuring plan that would result in rent
reductions for some of its stores, while announcing an equity
raise which it said would allow it to delist from the London
Stock Exchange.
* DR MARTENS: British bootmaker Dr Martens DOCS.L
named its chief brand officer Ije Nwokorie as its next CEO,
saying Kenny Wilson had decided this year would be his final
year as top boss.
* B&M: British discount chain B&M BMEB.L forecast
full-year profit at the top end of its guidance as it reported a
10.1% rise in revenue for the period that was partly driven by
new store openings.
* PLUS500: Online trading platform Plus500 PLUSP.L
said it expects full-year results to beat market expectations,
after it posted a 13% increase in new customers in the first
quarter.
* ROBERT WALTERS: British recruiter Robert Walters
RWA.L reported a fall in first-quarter net fees due to weak
hiring conditions in most of its major markets.
* HAYS: Recruiter Hays HAYS.L posted a fall in
quarterly net fees as low client and candidate confidence
extended the time taken to fill vacant roles.
* RIO TINTO: A Native American group has asked all members
of a U.S. appeals court to overturn an earlier ruling that
granted land to Rio Tinto RIO.AX RIO.L for a copper mine in
Arizona.
* For more on the factors affecting European stocks, please
click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.8054 pounds)
(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)
((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))