April 20, 2018 / 5:11 AM / 3 months ago

UK Stocks-Factors to watch on April 20

    April 20 (Reuters) - Britain's FTSE 100 index is seen opening 21
points higher at 7,350 on Friday, according to financial bookmakers.
        
    * SHIRE-TAKEDA PHARMA: Rare disease drugmaker Shire Plc said on
Thursday it had rejected a $63 billion cash-and-stock acquisition offer by
Japan's Takeda Pharmaceutical Co Ltd, while Allergan Plc
reversed course on pursuing a rival bid.
    * RANDGOLD RESOURCES: Work has resumed at two gold mines operated by
Randgold Resources in Mali, after strikes that halted production since
Wednesday, a senior union official told Reuters.
    * GOLD: Gold prices inched lower on Friday and were headed for the first
weekly decline in three as expectations of higher U.S. interest rates and easing
political tensions on the Korean Peninsula and Syria weighed on demand for the
safe-haven metal.
    * OIL: Oil prices held firm on Friday near three-year highs reached earlier
this week as ongoing OPEC-led supply cuts gradually draw down excess supplies.

    * The UK blue chip FTSE 100 index ended the session 0.2 percent
higher at 7,328.92 points on Thursday, as surging crude oil prices boosted
commodity stocks and Shire's shares jumped as bid talk heated up.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:    
 Reckitt Benckiser            Q1 2018 Interim Management Statement
    
    TODAY'S UK PAPERS
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 (Reporting by Siju Varghese)
  
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