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UPDATE 1-UK Stocks-Factors to watch on June 13

Published 06/13/2019, 03:30 PM
Updated 06/13/2019, 03:40 PM
UPDATE 1-UK Stocks-Factors to watch on June 13
UK100
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AMZN
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FERG
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MRW
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III
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WPP
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TSCO
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PSN
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SVT
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SMDS
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WINEW
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VLX
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NMC
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RCN
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(Adds company news items and updates FTSE move)
June 13 (Reuters) - Britain's FTSE 100 .FTSE index opened up 0.1% on
Thursday.
* REDCENTRIC: Britain's accounting watchdog said on Thursday it has fined
PwC 4.55 million pounds ($5.8 million) over its auditing of IT services company
Redcentric RCN.L . * TESCO: Tesco TSCO.L , Britain's biggest retailer, said underlying sales
growth slowed in its latest quarter, partly reflecting a tough comparative
number in the same period last year. * FERGUSON: Nelson Peltz's Trian Fund Management LP has acquired a stake of
about 6% in Ferguson Plc FERG.L , calling the British plumbing products
distributor an "attractive" investment that trades at a discount to peers in the
United States. * Majestic Wine: Majestic Wine WINEW.L said on Thursday it was in advanced
talks with multiple bidders over a potential sale of its retail outlets as it
focuses on its fast-growing Naked Wines brand, which delivered another year of
strong sales. * DS SMITH: Packaging products maker DS Smith Plc SMDS.L said on Thursday
that it had made plans for contingency stocking of spare parts as it readies for
Britain's planned exit from the European Union, but expected disruption to its
operations to be "relatively contained". * MORRISONS: British supermarket Morrisons MRW.L and Amazon AMZN.O said
on Thursday they will extend their "Morrisons at Amazon" same-day online grocery
delivery service to more cities across Britain. * VOLEX: Electrical cable supplier Volex Plc VLX.L said on Thursday that
it had moved some of its manufacturing capacity out of China, hit by U.S.
tariffs on Chinese goods. * EX-DIVS: 3i Group III.L , NMC Health NMC.L , Persimmon PSN.L , Severn
Trent SVT.L , WPP Plc WPP.L will trade without entitlement to their latest
dividend pay-out on Thursday, trimming 4.54 points off the FTSE 100 according to
Reuters calculations. * The UK blue chip index closed 0.4% lower on Wednesday as the latest
salvoes in the U.S.-Chinese trade dispute kept investors on edge and weak demand
outlook knocked oil shares. * 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

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