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UPDATE 1-UK Stocks-Factors to watch on June 9
Published at 09/06/2021 at 07:52

(Adds news items)

June 9 (Reuters) - Futures for Britain's FTSE 100 index were 0.32% lower on Wednesday.

* ROLLS-ROYCE: Rolls-Royce said that Anita Frew would succeed Ian Davis as chair on Oct. 1 2021, making her the first woman to chair the British aero-engine company when Davis retires after nine years in the role.

* SSP: SSP Group reported a bigger half-year loss, as air and rail travel were slow to take off despite many countries easing restrictions in the first three months of 2021.

* FLIGHTS: Britain's competition authority said it was investigating whether Ryanair and British Airways had broken consumer law by failing to offer refunds for flights customers could not legally take during the COVID pandemic.

* TAX: British finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) economies, the Financial Times reported on Tuesday.

* GOLD: Gold prices held steady as bond yields remained under pressure, with investors on the sidelines ahead of more data on U.S. inflation and the European Central Bank policy meeting.

* OIL: Oil prices rose on signs of strong fuel demand in Europe, while the prospect of a near-term return of Iranian oil supply faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.

* The UK blue-chip index closed 0.3% higher on Tuesday, helped by gains in miners and travel and leisure stocks, while upbeat earnings from Intermediate Capital Group and British American Tobacco further lifted sentiment.

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


> Financial Times

> Other business headlines

(Reporting by Priyanshi Mandhan in Bengaluru)

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