UK Stocks -- Factors to watch on Sept 25
LONDON, Sept 25 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 24-27 points, or 0.5 percent higher on Friday, according to financial bookmakers, recovering after a sell-off the previous session as investors mull comments from the G20 summit.
World leaders pledged to keep emergency economic supports in place until a durable recovery is secured, and to work together when the time comes to remove them, according to a draft communique obtained by Reuters on Friday.
The Group of 20 rich and developing countries, holding a two-day summit in Pittsburgh, also agreed to take steps to rein in financial industry excesses that led to the financial crisis, and to act together to raise capital standards for banks, according to the draft. [ID:nSUM000113]
The UK blue chip index closed 60.10 points lower on Thursday at 5,079.27, finishing back below 5,100 for the first time in over a week as a weak U.S. housing report and cautious comments from Bank of England Governor Mervyn King raised investor concerns about the pace of global economic recovery.
No important domestic data are due for release on Friday so investors will be focus on a swathe of U.S. numbers, with August durable goods orders, new home sales, and the final September reading for the University of Michigan consumer sentiment index all due for release this afternoon.
* GLOBAL MARKETS-Dollar up, stocks fall; stimulus exit talk [ID:nHKG140527]
* Nikkei slides nearly 3 pct as Nomura hits financials [ID:nT143939]
* US STOCKS-Wall St drops on housing, stimulus worries [ID:nN24466744]
* FOREX-Dollar rallies broadly, sterling tumbles [ID:nT140717]
* TREASURIES-Steady in Asia, unfazed by Fed's Warsh [ID:nT148625]
* Oil rebounds above $66 after tumbling 4.5 pct [ID:nSYD397878]
* PRECIOUS-Gold near 2-week low as dollar bounces, ETF falls [ID:nT133595]
* METALS-Shanghai copper hits 1-mth low, LME firm after fall [ID:nMAN502557]
UK stocks to watch on Friday are:
CADBURY CBRY.L
Britain's takeover watchdog is reviewing private comments by Cadbury chief
about the company's valuation amid a potential takeover by Kraft Foods Inc
(KFT.N), saying Todd Stitzer had stoked uncertainty in the market, the Financial
Times reported. [ID:nN24373780]
BAE SYSTEMS (BAES.L)
British prosecutors want BAE Systems to plead guilty and agree to a substantial fine by Sept. 30 over allegations of bribery and corruption or face possible criminal prosecution, sources close to the case in Britain and the United States said on Thursday.
The Serious Fraud Office (SFO) in London is looking to wrap up a six-year investigation into BAE arms sales in the Czech Republic, Romania, South Africa and Tanzania. [ID:nN24478509]
BARCLAYS (BARC.L)
Lehman Brothers Holdings Inc LEHMQ.PK and its unsecured creditors asked a bankruptcy judge on Thursday to unseal court documents related to an investigation of the sale of Lehman's core U.S. assets to Barclays. [ID:nN24464637]
TATE & LYLE (TATE.L)
The sugar and sweeteners producer issues a trading update.
PUNCH TAVERNS (PUB.L)
A further 300 poor-performing pubs have been put up for sale by Punch Taverns, The Daily Telegraph said. Some of the sites have already been on the market and property agent Christie has been appointed by Punch's "turnaround" division to generate interest.
VEDANTA RESOURCES (VED.L)
The miner is having its safety policies for its Asian workers examined after up to 100 workers were killed at an Indian aluminium plant owned by its subsidiary, Sterlite Industries, The Independent said.
HMV (HMV.L)
The entertainment retail chain is preparing for the Christmas surge in the sales of games consoles by reducing the price of the popular Wii system from 200 pounds to 180 pounds and also adding a free game, The Guardian said.
LUMINAR LMR.L
The nightclubs and bars operator issues a trading update.
AFREN (AFRE.L)
The oil & gas explorer posts first-half results.
PURSUIT DYNAMICS (PUDY.L)
The PDX fluid processing reactor group holds a shareholders meeting.
(Reporting by Jon Hopkins)
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