UK Stocks-Factors to watch on April 3

By Reuters / April 03, 2017 / in.investing.com / Article Link

April 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 6 points at 7,328 on Monday, according to financial bookmakers.

* RECKITT BENCKISER: British consumer goods group Reckitt Benckiser RB.L is considering the sale of its foods business, which includes French's, its top-selling U.S. mustard brand, to help fund its $16.6 billion takeover of baby food maker Mead Johnson MJN.N , British newspaper The Sunday Times said. CO-OP BANK: Britain's Virgin Money VM.L is poised to make a bid for Co-operative Bank 42RQ.L , the Times reported on Saturday. RIO TINTO: The copper market is likely to see a small shortage as early as this year because of a lack of new supply and the removal of up to 800,000 tonnes over the past 18 months in response to modest prices, Rio Tinto 's RIO.L copper and diamonds chief will say on Tuesday. SHELL: Royal Dutch Shell RDSa.L has decided to withdraw from Kakinada gas project in India, Business Standard reported on Monday. NATIONAL GRID: UK electricity system operator National Grid NG.L is pressing for a rule change that would allow it to own storage, the Financial Times reported on Sunday. APAX: British private equity fund Apax Partners APAX.UL is close to finalizing a deal to buy Israel-based Syneron Medical ELOS.O , an aesthetic device company, for about $500 million, Israeli media reported on Sunday. BRITAIN ECONOMY: British company finance chiefs are their most optimistic in 18 months, but their risk appetite has recovered far less from the battering it took in the run-up to and aftermath of last year's vote to leave the European Union, a survey showed on Monday. OIL: Oil futures dipped in early Asian trade on Monday on worries about global oversupply after a higher U.S. rig count pointed to rising U.S. shale production, while a stronger dollar also put pressure on crude. The UK blue chip FTSE 100 .FTSE index closed 0.6 percent lower at 7,322.92 points on Friday, weighed down by South Africa-exposed stocks after President Jacob Zuma sacked finance minister Pravin Gordhan, causing a slump in the rand. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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