UK Factors to watch on 03 Jan 2016
Tue Jan 03 2017
Eric Whitman (223 articles)

UK Factors to watch on 03 Jan 2016

Britain’s FTSE 100 index is seen opening up around 0.19 percent at 7156 points on Tuesday, according to financial bookmakers.
* 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.

Eric Whitman

Eric Whitman

Eric Whitman is our Senior Correspondent who has been reporting on Stock Market for last 5+ years. He handles news for UK and Europe. He is based in London

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