April 8, 2019 / 7:16 AM / 17 days ago

UPDATE 1-UK Stocks-Factors to watch on April 8

 (Adds news items)
    April 8 (Reuters) - Britain's FTSE 100         index opened flat at 7,448.09
on Monday.
    
    * DEBENHAMS: Sports Direct         said on Monday it had offered to
underwrite a 150 million pound ($196 million) rights issue at Debenhams        
in exchange for its boss Mike Ashley taking the top job at the ailing retailer.
            
    * NETWORK INTERNATONAL: Payments firm Network International IPO-NETW.L,
set to be London's biggest initial public offering of the year so far, will be
priced at between 430 pence and 450 pence per share, the bookrunner said on
Monday.             
    * GENEL: Genel Energy Plc          named oil veteran and Chief Operating
Officer Bill Higgs as its top executive, the oil and gas exploration and
production company said on Monday.             
    * SHELL: China's Sinopec Corp           has agreed with Royal Dutch Shell
         to jointly study a shale oil block in east China's Shengli oilfield,
the Chinese state oil and gas major said on Monday.             
    * Britain proposed new online safety laws on Monday that would slap
penalties on social media companies and technology firms if they fail to protect
their users from harmful content.             
    * TESCO: Tesco          is working on a new loyalty scheme in the mould of
Amazon Prime, which would give its tens of millions of shoppers greater
incentives to sign up to the company's bank and mobile phone services bit.ly/2I3Fjlm.
    * BHP: Mining company BHP Group         ,          is poised to cut over 700
white-collar jobs, The Australian newspaper reported, adding that the process
could start as early as next week.             
    * EARTHPORT: Britain's Competition and Markets Authority on Friday said it
was investigating Visa Inc's       planned acquisition of payment company
Earthport Plc         to gauge if the deal would reduce competition in the
country.             
    * The UK blue chip index held firmly at its six-month high and closed 0.6
percent higher on Friday, marking a strong finish to the week as
better-than-expected U.S. jobs data eased fears of a global economic slowdown
while the pound weakened on growing Brexit jitters and lifted exporters.
            
    * For more on the factors affecting European stocks, please click on:
       
    
    TODAY'S UK PAPERS
    > Financial Times                                
    > Other business headlines                       
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 * For Top News : topnews.reuters.com

 (Reporting by Sangameswaran S in Bengaluru)
  
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