April 14, 2014 / 6:00 AM / 4 years ago

UK Stocks-Factors to watch on April 14

LONDON, April 14 (Reuters) - Britain’s FTSE 100 index is seen opening down 37 points, or 0.6 percent lower, on Monday, according to financial bookmakers, following further declines on Wall Street and as tensions in Ukraine mounted. For more on the factors affecting European stocks, please click on

* The FTSE 100 index fell 80.27 points, or 1.2 percent, at 6,561.70 points on Friday, with technology stocks among the hardest hit as the UK’s benchmark equity index suffered its biggest weekly loss in a month with a 2 percent drop.

That leaves the index, which got close to its best level since early 2000 in January, down about 2.8 percent this year.

* U.S. stocks sank on Friday, with the biotech and other momentum stocks again dragging the Nasdaq Composite down 1.3 percent, to close at 3,999.734, falling below the 4,000 mark for the first time since early February.

* Ukraine gave pro-Russian separatists a Monday morning deadline to disarm or face a “full-scale anti-terrorist operation” by its armed forces, raising the risk of a military confrontation with Russia, while the United Nations Security Council held an emergency session on Sunday night to discuss the crisis.

* GLENCORE XSTRATA : Glencore Xstrata has sold its interest in the Las Bambas copper mine in Peru to a Chinese consortium in a $6 billion cash deal, making it one of China’s largest mining acquisitions in recent years.

* GLAXOSMITHKLINE : The drugmaker is facing a criminal investigation in Poland for allegedly bribing doctors to promote its asthma drug Seretide, BBC Panorama reported.

* BANKS: Europe’s largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region’s fledgling economic recovery.

Separately, the European Union will sign off on a slew of major reforms this week to allow failing banks to be wound down without public money, clearing its desk before elections in May that may lead to a slower pace of legislation.

* AEROSPACE AND DEFENCE FIRMS: Britain’s aerospace and defence industries warned on Sunday that the sector could lose its global competitive edge as a result of Scotland’s bid for independence, which is due to be decided by a referendum later this year.

Britain is home to a number of major aerospace and defence industry firms such as BAE Systems, Cobham and Babcock.

* ROYAL DUTCH SHELL, BP : Royal Dutch Shell and BP have signed deals to supply Kuwait with liquefied natural gas over the next few years, a Kuwait Petroleum Corp. official was quoted as saying.


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News visit topnews.reuters.com (Reporting by Tricia Wright, additional reporting by Blaise Robinson)

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