UK Stocks-Factors to watch on September 11
UK Stocks-Factors to watch on September 11 Sept 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.1%.
* DIAGEO: Kenya's competition regulator has approved Diageo's DGE.L sale of its 65% stake in East African Breweries Plc EABL.NR to Japan's Asahi Holdings 2502.T, the brewer said on Thursday.
* SHELL: Shell's SHEL.L North American unit said on Thursday it has agreed to sell its interests in a gas-fired power plant complex in Rhode Island to Constellation Energy CEG.O for $715 million, while also expanding into the lucrative U.S. Mid-Atlantic power market.
* GRID UPGRADE DELAYS: Britain's National Audit Office said in a report on Friday that many upgrades to the country's electricity transmission grid are at risk of not being delivered and could increase short-term costs for consumers.
* OIL: Oil prices rose on Friday and both major benchmarks are on track to end the week above $100 a barrel for the first time since mid-May.
* GOLD: Gold prices headed for a third consecutive weekly fall, despite edging higher on Friday, as market expectations for a Federal Reserve interest rate hike strengthened, while traders awaited a key U.S. inflation report later in the day.
* METALS: Copper was set to snap a 10-week winning streak, despite a marginal Friday rise, after Reuters reported that the White House had yet to decide on refined copper tariffs, triggering a sharp drop from record highs.
* FTSE: The UK blue-chip index .FTSE closed 0.57% lower at 10,608.92 points on Thursday, as the continued rise in crude oil prices fuelled inflation worries, while a firm U.S. producer prices reading further boosted chances of a future interest rate hike.
* UK CORPORATE DIARY:
THG PLC | THG.L | HY results |
* For more on the factors affecting European stocks, please click on: LIVE/
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(Compiled by Ankita Bora in Bengaluru)