UK Stocks-Factors to watch on Dec. 24 – Reuters

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Dec 24 (Reuters) – Britain’s FTSE 100 (.FTSE) index is opened 0.1% higher on Friday.

* RECKITT: Reckitt Benckiser (RKT.L) said it will sell its E45 skincare brand and related sub-brands to Karo Pharma (KARO.ST) for 200 million pounds, as the British consumer goods maker shifts its focus to higher growth areas. read more

* RIO: Rio Tinto (RIO.L) plans to pause its lithium project in western Serbia after a municipality in the west of the country scrapped a plan to allocate land for the mine, the Beta news agency reported on Thursday, quoting the CEO of Rio’s Serbian arm. read more

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* HSBC: India’s L&T Finance Holdings Ltd said on Thursday it is selling its mutual fund operations to HSBC Asset Management Private Ltd for $425 million in order to assist its lending business. read more

* METALS: Prices of industrial metals were mixed in rangebound Asian trading on Friday, as investors awaited fresh clues on how the rapidly-spreading Omicron coronavirus variant would affect global demand. read more

* OIL: Brent crude futures snapped a three-day rally on Friday in light holiday trading but the benchmark was still headed for a weekly gain, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant. read more

* UK shares rose on Thursday as markets globally rallied following two research studies that suggested the effects of the Omicron coronavirus variant were less severe than the Delta variant. read more

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

TODAY’S UK PAPERS > Financial Times > Other business headlines

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Reporting by Shanima A in Bengaluru

Our Standards: The Thomson Reuters Trust Principles.