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UK Stocks-Factors to watch on March 4
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UK Stocks-Factors to watch on March 4
Mar 4, 2024 10:43 PM

March 4 - Britain's FTSE 100 index is seenopening lower on Monday, with futures down 0.26%

* SENIOR: British aerospace engineer Senior forecastits 2024 performance to be in line with its estimates, asBoeing ( BA ), one of its top customers, had asked suppliers tomaintain production of B737-MAX plane parts at previously agreedlevels.

* HIPGNOSIS SONGS FUND: Struggling UK music investorHipgnosis Songs Fund SONG.L said on Monday it would not restartpaying dividends for the "foreseeable future" after an assetsvaluation showed a steep decline from five months ago.

* RIO TINTO: Demand for key-battery mineral lithium willcontinue to grow, underpinned by strong adoption of electricvehicles but the price of the metal is expected to be volatile,Rio Tinto CEO Jakob Stausholm said.

* TAX CUTS: British finance minister Jeremy Hunt sought todampen speculation about big pre-election tax cuts in thisweek's budget, saying there had been a worsening in the economicoutlook.

* HUNT: British finance minister Jeremy Hunt is drawing upplans to allow UK private companies to offer shares onexchanges, the Financial Times reported on Saturday.

* PENSION: Pension schemes in Britain will have to discloseby 2027 how much they invest in UK assets, the finance ministrysaid on Saturday.

* BRIDGEPOINT: British private investment companyBridgepoint Group is in advanced talks to sell DornaSports, which holds the commercial rights to MotoGP, in a bid toraise 3.5 billion pounds ($4.43 billion), Sky News reported onSaturday.

* OIL: Oil prices ticked up slightly on Monday following thewidely expected extension of voluntary output cuts by the OPEC+producer group on Sunday.

* METALS: Most base metals fell on Chinese demand concernsfollowing weak manufacturing data.

* GOLD: Gold prices lingered close to a two-month high onMonday.

* For more on the factors affecting European stocks, pleaseclick on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines($1 = 0.7899 pounds)(Reporting by Radhika Anilkumar and Zainab Saifuddin Saifee inBengaluru)

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