UK Stocks-Factors to watch on Wednesday, March 20
Britain's FTSE 100 index is seen opening up between 2 and 5 points, or as much as 0.1 percent higher on Wednesday, according to financial bookmakers.
* The British blue chip index closed 16.60 points lower on Tuesday, or down 0.3 percent at 6,441.32, extending losses in afternoon trade as uncertainty over a planned vote in the Cypriot parliament over its controversial bailout package mounted, hitting banks.
* In line with expectations towards the end of Tuesday's trade, Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout, throwing international efforts to rescue the latest casualty of the euro zone debt crisis into disarray.
* Ex-dividend factors will take 11.78 points off the index on Wednesday, with heavyweight bank HSBC, Anglo American, Aviva and Intercontinental Hotels all trading without entitlement to their latest dividend payout.
* BANKS - European Union lawmakers are expected to agree on Wednesday to bar bankers in Europe from getting bonuses bigger than their salary, introducing the first cap of its kind globally.
* The British government announces its budget today, with the attention of financial markets focussed on whether finance minister George Osborne chooses to change the remit of the Bank of England in order to provide further stimulus to the economy.
* Among planned economic releases are the minutes of the latest Bank of England rate decision and UK claimant count unemployment change, both at 0930 GMT, and euro zone consumer confidence at 1500 GMT.
* UK CORPORATE DIARY:
ASOS PLC gives a trading update
BOWLEVEN PLC announces results for the first half
CHARLES TAYLOR PLC reports preliminary results
DATALEX PLC gives preliminary results
DOLPHIN CAPITAL INVESTORS gives preliminary results and a trading update
EURASIAN NATURAL RESOURCES CORPORATION gives preliminary results
GREGGS PLC reports preliminary results
IQE gives preliminary results.
SMITHS GROUP PLC announces first half results
UK COMMERCIAL PROPERTY TRUST LTD reports preliminary results
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 Alistair Smout)
- Police seek motive in fatal Washington state school shooting
- Two deputies killed, two others hurt in California shooting spree
- Wall St. finally turning on Amazon as Bezos magic fades
- Iran hangs woman convicted of killing alleged rapist
- Medical worker quarantined in New Jersey under new Ebola safeguards |