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UPDATE 1-UK Stocks-Factors to watch on April 17
April 17, 2014 / 6:30 AM / 4 years ago

UPDATE 1-UK Stocks-Factors to watch on April 17

(Adds futures prices, company news items)

LONDON, April 17 (Reuters) - Britain’s FTSE 100 futures edged down by 0.2 percent by 0620 GMT, with weak results overnight from Internet group Google seen weighing on technology stocks. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed up by 42.56 points, or 0.7 percent, at 6,584.17 points on Wednesday.


Drinks group Diageo reported a 1.3 percent decline in third-quarter organic net sales on Thursday, hurt by weakness in China and political instability in Thailand.


Lloyds Banking Group said private retail investors who held bonds issued to rescue the bank during the 2008/9 financial crisis had agreed to swap them for 58.5 million pounds ($98.2 million) in cash.


Oil major Royal Dutch Shell announced an exploration discovery offshore Malaysia.


Mulberry warned on Thursday that underlying profit for the year would be marginally below current expectations, the fourth time in two years the British luxury brand has lowered its forecasts.


Housebuilder Taylor Wimpey said strong sales had continued into the first quarter.

* RSA :

Insurance group PZU said it bought Lithuania’s Lietuvos Draudimas and Latvian AAS Balta from the British group RSA.


Britain’s Co-operative Group will report a loss of more than 2 billion pounds on Thursday, laying bare the full damage done by disastrous acquisitions, a drugs scandal and an exodus of executives that have put its future as a mutual into doubt.


Private equity firms Bain Capital and Carlyle Group are among first round bidders for Standard Chartered’s Hong Kong consumer finance unit, a business valued at up to $700 million, people familiar with the matter said.

* BP :

BP Plc said the U.S. Coast Guard on Tuesday ended patrols and operations on the final three shoreline miles in Louisiana, bringing to a close the four-year cleanup of the Gulf Coast following the Deepwater Horizon oil spill.


> Financial Times

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