UK Factors to watch on 03 Jan 2016
* The UK blue chip index closed 2016 at a record high level on Friday, with a blistering rally in mining stocks and a sharp fall in sterling after June’s shock Brexit vote boosting the market. The benchmark index closed 0.3 percent higher at a life-time peak of 7,142.83 points on Friday, surpassing the previous record of 7,129.83 set in October this year.* 3I: 3i is considering selling Agent Provocateuras as it looks at options to turn round the struggling high-end lingerie retailer, the Financial Times reported on Tuesday.* IRAN ENERGY: Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, the oil ministry news website SHANA reported on Monday.
* PHARMACEUTICAL APPROVALS: Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015’s tally of 45.
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