UK Stocks-Factors to watch on June 23 (updated)

Tamboran Resources

23/06/2023 07:48

(Updates futures, adds news item in bullets 1-2)
       June 23 (Reuters) - Britain's FTSE 100  .FTSE  index is
expected to open lower on Friday, with futures  FFIc1  down
0.29%.
    
    * SHELL: Shell  SHEL.L  has resumed maintenance work at
Norway's Nyhamna gas processing plant, which had been postponed
last week due to a problem with the facility's cooling systems,
company said.
    * GSK: GSK Plc  GSK.L  said it reached a confidential
settlement of a litigation in United States over claims that the
British pharmaceutical giant's heartburn drug Zantac caused
cancer.
    * CONSUMER SENTIMENT: British consumer sentiment hit its
highest level since January 2022 as households turn more
optimistic about their finance and economy, despite stubborn
inflation and rising interest rates, market research firm GfK
said.
    * LNG: Australia's Tamboran Resources  TBN.AX  announced two
non-binding agreementsto supply 4.4 million tonnes of liquefied
natural gas a year to BP  BP.L  and Shell  SHEL.L  from its
proposed Northern Territory LNG (NTLNG) project.
    * OIL: Oil prices fell for a second straight session and
were headed for a weekly decline of more than 3% on Friday, as a
higher-than-expected interest rate hike in Britain and warnings
about looming rate rises in the U.S. ignited concerns over
demand.
    * GOLD: Gold prices on Friday were on track for their
biggest weekly loss since February, as prospects of additional
interest rate hikes by the U.S. Federal Reserve this year
supported the dollar, pushing zero-yield bullion to an over
three-month low.
    * British equities slipped in broad-based declines on
Thursday after the Bank of England delivered a
bigger-than-expected half a percentage point rate hike, while
Ocado shares jumped after a report on speculation about bid
interest in the online grocer.
    
    
    
    * For more on the factors affecting European stocks, please
click on:  LIVE/ 
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 (Reporting by Hani Kollathodi and Radhika Anilkumar in
Bengaluru)
 ((Radhika.Anilkumar@thomsonreuters.com))