UK Stocks-Factors to watch on Feb 17
LONDON Feb 17 (Reuters) - Britain's FTSE 100 index is seen opening flat to 1 point lower on Monday, according to financial bookmakers.
* The UK blue chip index closed up 4.20 points, up 0.1 percent, at 6,663.62 points on Friday.
The UK benchmark, up nearly 4 percent from its February lows, has now recouped more than half of what it lost during the recent emerging markets sell-off.
* ROYAL MAIL : Royal Mail and the Communication Workers Union have started talks on a company charter to enshrine their post-privatisation agreement over working conditions for more than 100,000 workers so that the terms can only be overturned by a vote of the company's shareholders, the Guardian reported.
* ESSAR ENERGY : The company said its largest shareholder, Essar Global Fund Ltd, has made a possible offer of 70 pence per share for the 22 percent stake it does not own in the London-listed oil and gas producer.
* ROLLS ROYCE : The company faces a showdown with investors over how it accounts for lucrative contracts to service aircraft engines, the Times said. company will now hold a briefing on the issue at July's Farnborough airshow.
* RSA : British insurer RSA is looking for prospective buyers for the sale of one of its Canadian businesses, which could help the company raise as much as 200 million pounds ($334.6 million), Sky News reported on Sunday.
* BARCLAYS : Sky News has learnt that Barclays has engaged headhunters to begin a search process to replace Sir David Walker as chairman in the coming months and has already commenced board discussions about the plan.
* UK CORPORATE DIARY:
HAMMERSON reports full-year 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 For more information on Top News visit
- Dallas Ebola patient vomited outside apartment on way to hospital |
- Islamic State committing 'staggering' crimes in Iraq: U.N. report
- Global stocks succumb to growth fears; ECB trillion euro question awaits
- Hong Kong warns democracy protesters of firm response |
- Israel's Netanyahu to Obama: Don't allow Iran deal that leaves it at nuclear threshold