UK Stocks-Factors to watch on Weds. Apr. 24
LONDON, April 23
LONDON, April 23 (Reuters) - Britain's FTSE 100 index is seen opening up as much as 18 points, or 0.2 percent higher on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* The FTSE 100 rose 125.50 points, or 2.0 percent, to 6,406.12, on Tuesday its best performance since Jan. 2.
Britain's blue chip share index jumped 2 percent on strong earnings reports and after weak German data fuelled expectations for a rate cut in the euro zone, the UK's main export market.
* FTSE 100 companies going ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout, would take 9.26 points off the index, according to Reuters calculations at current market prices and the effect of the resulting adjustment to prices by market-makers.
* ENRC The chairman of London-listed Kazakh miner ENRC, Mehmet Dalman, has resigned with immediate effect in a boardroom shake-up likely to raise new questions over the future of the embattled company.
* LLOYDS BANKING GROUP : The planned sale of more than 600 UK bank branches by Lloyds Banking Group to the Co-Operative Group has fallen through, people familiar with the matter said.
* Britain reworked its Funding for Lending Scheme on Wednesday in the hope of getting more credit flowing to small and medium-sized firms and injecting more life into the country's flat-lining economy.
* OCADO : Rumours trucking down the M62 are that Britain's fourth biggest supermarket chain Wm Morrosion have decided not to mess about with a licensing agreement with the online grocer and instead launch a full-scale 1 billion pound-plus offer, according to the Daily Mail market report.
* TECH STOCKS: U.S. technology giant Apple Inc, a major customer of UK chip designer ARM Holdings, on Tuesday bowed to investors' demands to share more of its $145 billion cash pile, while posting its first quarterly profit decline in more than a decade.
* UK CORPORATE DIARY:
REDROW < RDW.L>
SPORTS DIRECT INTERNATIONAL
BUMI < BUMIP.L>
N BROWN GROUP
TODAY'S UK PAPERS
> Financial Times
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