March 12, 2018 / 5:19 AM / 5 months ago

UK Stocks-Factors to watch on March 12

    March 12 (Reuters) - Britain's FTSE 100 index is seen opening up 8
points higher at 7,233 on Monday, according to financial bookmakers.
    
    * GKN-MELROSE: GKN has struck a $6.1 billion deal to merge its
automotive business with U.S. company Dana Incorporated in a move by the
British engineer to fend off a hostile takeover by turnaround specialist Melrose
Industries.
    * RECKITT BENCKISER: Reckitt Benckiser has no regrets about its $17
billion acquisition of Mead Johnson last year, its chief executive said, even
though there are concerns it may now be too stretched to buy Pfizer's PFE.N
coveted consumer health business.
    * SAUDI ARAMCO IPO: British officials have been informed by their Saudi
counterparts that oil giant Saudi Aramco's IPO-ARMO.SE initial public offering
is likely to be delayed until 2019, the Financial Times reported.
    * GOLD: Gold prices were steady on Monday as the U.S. dollar inched lower,
with the latest U.S. jobs report easing fears of inflation and faster U.S. rate
hikes.
    * OIL: Oil markets edged up on Monday on the back of a drop in the number of
U.S. rigs drilling for more production and as the U.S. economy continued to
create jobs, which industry hopes will drive higher fuel demand.
    * The UK blue chip FTSE 100 index closed 0.3 percent higher at
7,224.51 points on Friday, joining in a broader equity rally following
supportive U.S. jobs data which calmed investor nerves over tighter monetary
policy.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:    
 Polymetal International               Full Year 2017 Earnings Release
 Diurnal Group PLC                     Half Year 2018 Earnings Release
    
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines            
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 (Reporting by Siju Varghese)
  
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