April 4, 2018 / 5:43 AM / 10 months ago

UK Stocks-Factors to watch on April 4

    April 4 (Reuters) - Britain's FTSE 100 index is seen opening 8
points lower at 7,023 on Wednesday, according to financial bookmakers.
    * WPP: British advertising group WPP Plc said on Tuesday it was
conducting an investigation in response to an allegation of personal misconduct
against its chief executive, Martin Sorrell, who denied wrongdoing.
    * BRITAIN RETAIL: British shop prices dropped in March at the fastest pace
in more than a year, adding to signs that inflation pressure caused by the
pound's post-Brexit drop is fading away, an industry survey showed on
    * PSA/UK: French carmaker PSA Group plans to begin production of
Peugeot and Citroen delivery vans at its newly acquired Opel/Vauxhall division's
Luton plant in England, a company source said on Tuesday.
    * OIL: Oil prices slipped on Wednesday on expectations for a build-up in
U.S. crude inventories, but Russian government comments on prospects for
stepping up cooperation with OPEC to coordinate output cuts braked steeper
declines. Brent crude futures dipped to $67.96 per barrel, down 16
cents, or 0.23 percent, after it rose 0.7 percent on Tuesday.
    * GOLD: Gold prices gained on Wednesday, as investors stayed away from risk
assets after the United States slapped tariffs on $50 billion worth imports from
China, raising the stakes in a growing trade showdown with Beijing.
    * The UK blue chip index ended down 0.37 percent at 7,030.46 points on
Tuesday, in line with other European bourses at the start of the second
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Rahul B in Bengaluru)
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