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UK Stocks-Factors to watch on March 16

03/16/2022 | 03:08am EDT

March 16 (Reuters) - Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 1.65%.

* IG GROUP: British online trading platform IG Group on Wednesday forecast full-year revenue to "moderately" exceed expectations, with the Ukraine crisis increasing market volatility, but predicted slower growth on its U.S. platform.

* NORTONLIFELOCK-AVAST: U.S. cybersecurity firm NortonLifeLock Inc's $8.6 billion purchase of rival Avast Plc will face an in-depth probe by Britain if competition concerns are not addressed, the UK anti-trust regulator said.

* BARCLAYS: Barclays PLC has hired an executive from a rival bank for its mergers, acquisitions, activism and ESG advisory group as demand increases from corporate clients for those services.

* HYVE: British event management firm Hyve Group said on Tuesday it would exit Russia as several companies leave the country or reassess operations there following Moscow's invasion of Ukraine.

* NICKEL TRADING: Nickel trading on the London Metal Exchange (LME) resumes on Wednesday with limits on price movements to prevent disorderly trading after wild swings triggered a rare market shutdown.

* FCA STRIKE: Employees at Britain's Financial Conduct Authority have served notice to begin a ballot on industrial action in protest at cuts to their pay and conditions, the Unite union said on Tuesday.

* AUTO CARTEL: EU antitrust regulators on Tuesday raided several automotive companies and associations in several countries on suspicion of breaching the bloc's cartel rules, while Britain's competition authority also launched a probe.

* TOTALENERGIES: The Church of England's Pensions Board and the manager of the church's investment fund said on Tuesday they will reconsider their shareholding in French energy giant TotalEnergies over the company's decision to not cut its business ties with Russia.

* OIL CRISIS: British Prime Minister Boris Johnson visits the United Arab Emirates and Saudi Arabia on Wednesday as part of efforts to secure additional oil flows and increase pressure on Russian President Vladimir Putin over Ukraine.

* FTSE100: UK's FTSE 100 slipped on Tuesday, dragged down by banking and mining stocks, while strong jobs data supported the case for a Bank of England interest rate hike later this week.

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Aby Jose Koilparambil in Bengaluru)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC 0.11% 9944 Delayed Quote.14.59%
BARCLAYS PLC -0.25% 144.3 Delayed Quote.-22.83%
BHP GROUP LIMITED 0.92% 38.52 Delayed Quote.17.38%
BP PLC 0.24% 433.1 Delayed Quote.31.04%
ENI SPA 1.00% 10.91 Delayed Quote.-10.72%
FTSE 100 0.18% 6893.81 Delayed Quote.-6.65%
HYVE GROUP PLC -4.02% 50.775 Delayed Quote.-45.87%
IG GROUP HOLDINGS PLC 2.69% 763.5 Delayed Quote.-6.09%
LONDON BRENT OIL -3.84% 85.29 Delayed Quote.13.53%
MONDI PLC 2.84% 1394 Delayed Quote.-23.66%
MSCI UNITED KINGDOM (STRD) 1.26% 923.776 Real-time Quote.-22.33%
NORTONLIFELOCK INC. -1.13% 20.14 Delayed Quote.-21.59%
OCADO GROUP PLC 0.68% 472.5 Delayed Quote.-71.84%
S&P UNITED KINGDOM (PDS) 0.10% 1405.36 Real-time Quote.-4.88%
SHELL PLC 0.22% 2246.5 Delayed Quote.38.52%
SIG PLC 2.39% 30 Delayed Quote.-36.92%
TOTALENERGIES SE 2.05% 48.275 Real-time Quote.8.17%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.98% 60.2421 Delayed Quote.-24.27%
WTI 0.00% 79.673 Delayed Quote.5.74%
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