UK Stocks-Factors to watch on March 10

Reuters
Mar 10
UK Stocks-Factors to watch on March 10

March 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.2%.

* SHELL: Shell SHEL.L said it will sell its Jiffy Lube lubricant shop chain to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion.

* RIO TINTO: Mongolia is seeking to renegotiate the "unfair" commercial terms of mining giant Rio Tinto's RIO.L, RIO.AX $18 billion Oyu Tolgoi copper mine, the Financial Times reported.

* CONSUMER SPENDING: British consumer spending grew slowly in February as households grew more pessimistic about the outlook for the economy, surveys showed.

* PAY: Average annual pay awards offered by British private sector employers rose in the three months to January, according to a survey.

* OIL: Oil prices fell after hitting their highest level in over three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon.

* METALS: Aluminium prices retreated, dragged down by a flurry of selling among some investors to cash in profits after U.S. President Donald Trump pledged a quick end to the Middle East war.

* GOLD: Gold prices rose, supported by a weaker U.S. dollar and easing energy costs after U.S. President Donald Trump suggested that the war in the Middle East could end soon.

* FTSE: UK stocks closed at their lowest levels in about five weeks on Monday as rising oil prices intensified inflation fears and concerns over potential interest rate hikes amid the U.S.-Israeli war on Iran.

* UK CORPORATE DIARY:

Persimmon

PSN.L

FY results

Domino's Pizza

DOM.L

FY results

Capita

CPI.L

FY results

Costain Group

COSG.L

FY results

Sabre Insurance

SBRE.L

FY results

Spirax Group

SPX.L

FY results

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

TODAY'S UK PAPERS> Financial Times PRESS/FT> Other business headlines PRESS/GB

(Compiled by Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))

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