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UPDATE 1-UK Stocks-Factors to watch on Friday June 7
June 7, 2013 / 6:36 AM / 5 years ago

UPDATE 1-UK Stocks-Factors to watch on Friday June 7

LONDON, June 7 (Reuters) - Britain’s FTSE 100 index is seen opening up 1-7 points, or as much as 0.1 percent higher, on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down 83.20 points, or 1.3 percent, at 6,336.11 points on Thursday - its weakest finish in a month and a half - when the European Central Bank signalled it was in no hurry to offer more stimulus.

* Trade was likely to be choppy ahead of U.S. jobs data. Economists expected the non-farm payrolls report, due at 1230 GMT, to show job growth of 170,000 in May, against 165,000 in April. The unemployment rate is seen steady at an almost 4-1/2-year low of 7.5 percent.

* SPORTS DIRECT The sporting goods retailer said it would shutter 20 of its newly acquired Republic stores unless landlords Intu Properties and Land Securities Group agreed to lower rent prices, Britain’s Daily Telegraph reported.

* BELLWAY said it has had an “encouraging” start to the second half of the financial year.

* KCOM unveiled a 3.1 percent rise in full-year underlying pretax profit.

* STHREE posted a 6 percent drop in first-half gross profit.


> Financial Times

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