UK Stocks-Factors to watch on June 17
June 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 27 points lower at 7,158 on Thursday, according to financial bookmakers.
* SHELL: Royal Dutch Shell RDSa.L has signed a non-binding memorandum of understanding (MoU) with Singapore state firm JTC Corp JTC.UL to explore developing a solar farm on part of a landfill in southern Singapore, the companies said.
* RYANAIR: Ryanair Holdings Plc RYA.I and the owner of three major English airports said on Wednesday they would sue the UK government over the 'traffic light' system it has put in place for international travel.
* BHP: BHP Group BHP.AX expects to present its board with a decision on whether to proceed with its Jansen potash project in Canada in a few months' time - rather than mid-year - after choosing between two port options, an executive said.
* COMPANIES: British companies have returned more than 1 billion pounds of furlough cash as investors press managements to repay taxpayer funds taken during the COVID-19 pandemic before paying big bonuses, the Financial Times said.
* GOLD: Gold prices rose as investors took advantage of a sharp fall in the previous session to buy the metal after the U.S. Federal Reserve signalled it might raise interest rates sooner than expected.
* OIL: Crude oil prices fell as the U.S. dollar strengthened after the U.S. Federal Reserve signaled it might raise interest rates faster than expected.
* The UK blue-chip index .FTSE closed 0.2% higher on Wednesday, helped by gains in industrial and defensive stocks, while data showed inflation jumped past the central bank's target as Britain emerges from a third national lockdown.
* UK CORPORATE DIARY:
HY results WTB.L
Trading update SYNCS.L
FY results HFD.L
FY results RECL.L
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Reporting by Priyanshi Mandhan in Bengaluru
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.