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UK Stocks-Factors to watch on April 16
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UK Stocks-Factors to watch on April 16
Apr 16, 2024 12:16 AM

April 16 - Britain's FTSE 100 index is seen

opening lower on Tuesday, with futures down 1.2%.

* DS SMITH ( DITHF ): International Paper ( IP ) said it had agreed to

an all-share deal to buy DS Smith ( DITHF ), valuing the British

paper and packaging firm at 5.8 billion pounds ($7.20 billion).

* SUPERDRY ( SEPGF ): British fashion chain Superdry ( SEPGF )

launched a restructuring plan that would result in rent

reductions for some of its stores, while announcing an equity

raise which it said would allow it to delist from the London

Stock Exchange.

* DR MARTENS ( DOCMF ): British bootmaker Dr Martens ( DOCMF )

named its chief brand officer Ije Nwokorie as its next CEO,

saying Kenny Wilson had decided this year would be his final

year as top boss.

* B&M: British discount chain B&M forecast

full-year profit at the top end of its guidance as it reported a

10.1% rise in revenue for the period that was partly driven by

new store openings.

* PLUS500: Online trading platform Plus500

said it expects full-year results to beat market expectations,

after it posted a 13% increase in new customers in the first

quarter.

* ROBERT WALTERS: British recruiter Robert Walters

reported a fall in first-quarter net fees due to weak

hiring conditions in most of its major markets.

* HAYS: Recruiter Hays posted a fall in

quarterly net fees as low client and candidate confidence

extended the time taken to fill vacant roles.

* RIO TINTO: A Native American group has asked all members

of a U.S. appeals court to overturn an earlier ruling that

granted land to Rio Tinto for a copper mine in

Arizona.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

($1 = 0.8054 pounds)

(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)

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