UK Stocks-Factors to watch on Weds. Mar. 6
LONDON, March 6
LONDON, March 6 (Reuters) - Britain's FTSE 100 index is set to open down 5 to 10 points on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* Britain's blue chip shares surged on Tuesday to close above 6,400 points for the first time in over five years helped by solid company reports and supportive central bank comments.
The FTSE 100 closed up 86.32 points, or 1.4 percent, at 6,431.95, its highest close since January 2008. The gains were its biggest rise since the first trading day of the year.
* On the economic data front in the UK, Halifax house price data is due out around 0800 GMT, while in the U.S. ADP employment figures are scheduled for release 1315 GMT and factory orders, a gauge of U.S. business activity, are due out at 1500 GMT.
* LONMIN : Miners returned to work on Wednesday at world No. 3 platinum producer's Marikana mine in South Africa, ending a one-day illegal stoppage, a trade unionist said.
* GlaxoSmithKline : The U.S. Food and Drug Administration said on Tuesday it has postponed a meeting of outside advisers scheduled for March 7 to review a drug developed by the drugmaker and Theravance Inc for chronic obstructive pulmonary disease.
* VODAFONE : Verizon Communications has weighed several options involving its relationship with Vodafone and its joint ownership of Verizon Wireless ranging from ending its wireless venture with the European company to a full merger with Vodafone, Bloomberg reported.
* MULBERRY : Daily Mail notes market chatter that Britain's luxury fashion group could become a takeover target, with speculation that France's Hermes could be lining up a 25 pound per share bid.
* CPP GROUP : CPP is in talks on a financial restructuring that could see its lenders swap their debt for a significant stake in the British credit card insurer following a multi-million pound regulatory fine, Sky News reported on Tuesday.
* UK CORPORATE DIARY:
ADMIRAL - INSURER
BELGRAVIUM TECHNOLOGIES - MOBILE COMPUTING SOLUTIONS FIRM
CAPE - ENGINEER
COSTAIN - ENGINEER
DIGNITY - FUNERAL SERVICES
JAMES FISHER - MARINE ENGINEERING SERVICES PROVIDER
INT'L PERSONAL FINANCE - EUROPEAN HOME CREDIT BUSINESS
LEGAL & GENERAL - INSURER
LOOKERS - MOTOR SALES GROUP
MANAGEMENT CONSULTING GRP - PROFESSIONAL SERVICES CONSULTANCY
MELROSE INDUSTRIES - BRITISH INVESMENT COMPANY
OPHIR ENERGY - BRITISH OIL & GAS EXPLORER
SPORTECH - GAMING FIRM
TARSUS - MEDIA GROUP
UNITE GROUP - REAL ESTATE FIRM
TODAY'S UK PAPERS
> Financial Times
> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134(Reporting by David Brett)
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
- Japan shares soar, yen skids after BOJ stuns with new easing steps
- Suspect in Pennsylvania police ambush captured after seven-week manhunt
- Oil price declines have small-cap shale investors scrambling
- China says nets 180 graft suspects in overseas manhunt