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UK Stocks-Factors to watch on March 24

ReutersMar 24, 2025 7:53 AM

- Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.26%.

WOOD GROUP: UK's Wood Group WG.L said it has extended the deadline for a potential takeover offer by Dubai-based Sidara to April 17.

ARGO: Britain's Argo Blockchain ARB.L said former chief growth officer Justin Nolan would return as the cryptocurrency miner's CEO.

S4: Martin Sorrell's ad group S4 Capital SFOR.L said it expects its clients to remain cautious in the near-term amid increasing macroeconomic uncertainty and concerns about a brewing trade war, after it slumped to an annual loss.

GSK: GSK said that the European Medicines Agency has agreed to review a request to approve the British drugmaker's asthama drug Nucala as an additional treatment for chronic obstructive pulmonary disease (COPD) with an eosinophilic phenotype.

HEATHROW: London's Heathrow Airport resumed full operations on Saturday and ordered a probe into how it dealt with a power outage. Meanwhile, Britain's government has commissioned the national energy system operator to investigate the power outage, as experts questioned the airports contingency plans.

REEVES: British finance minister Rachel Reeves said that Britain will stick to its fiscal rules despite global upheaval.

SPENDING CUTS: Rachel Reeves is eyeing spending cuts for government officials saving over 2 billion pounds ($2.58 billion) a year by 2029-30, a cabinet office source said.

OIL: Oil prices inched up on the impact of U.S. sanctions on Iranian exports and Russia-Ukraine ceasefire talks.

GOLD: Gold was little changed.

METALS: Copper prices in London edged higher.

For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

($1 = 0.7744 pounds)

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