Economy 2 MIN READ

UPDATE 1-UK Stocks-Factors to watch on April 4

April 4, 2022By Reuters

(Adds new items, updates futures) April 4 (Reuters) – Britain’s FTSE 100 index is seen opening higher on Monday, with futures up 0.4%.

* RYANAIR: Ireland’s Ryanair narrowed the range for its forecast annual loss on Monday, saying it expects a net loss between 350 million euros and 400 million euros ($386 million to $441 million) for the year to March 31, 2022. * AVIVA: British insurer Aviva said on Monday it has appointed Charlotte Jones as its new chief financial officer.

* REGULATORS: British financial regulators said on Monday they would review the way the London Metal Exchange (LME) handled a halt in chaotic nickel trading last month and said the episode underlined questions about LME’s transparency.

* SHELL-EXXON: The Dutch government said it expected to compensate NAM, a joint venture between Shell and Exxon , around 7.5 billion euros ($8.3 billion) for filling the Norg gas facility the past three years, with most of the costs coming this year due to the current high price of gas.

* GLOBAL PORTS: Global Ports Holdings Plc said it had not been involved in granting permission for a superyacht believed to be owned by a person subject to UK sanctions to dock at Turkey’s Bodrum cruise port. * SBERBANK-FCA: Russian lender Sberbank said it was winding down operations at its investment arm in London, which Britain’s financial watchdog said was “operationally unable to make payments” following sanctions over the Russian invasion of Ukraine. * PETROBRAS: Brazilian state-run oil company Petrobras announced it has discovered an oil accumulation in the southern portion of the Campos Basin. * FTSE 100 rose on Friday and marked its fourth consecutive weekly gains with consumer staples and miners leading advances, while sports good retailer Frasers jumped after unveiling a new share buyback plan.

* For more on the factors affecting European stocks, please click on: TODAY’S UK PAPERS > Financial Times > Other business headlines

(Reporting by Amna Karimi and Muhammed Husain in Bengaluru) ((

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