March 16 (Reuters) - Britain's FTSE 100 index is seen opening up 16
points, or 0.26 percent, on Wednesday, according to financial bookmakers. For
more on the factors affecting European stocks, please click on
* The UK blue chip index closed down 0.6 percent on Tuesday at 6,139.97,
hurt by a drop in major mining companies and a gloomy economic outlook from the
Bank of Japan.
* Royal Bank of Scotland: The lender plans to eliminate almost 500
UK-based jobs in its investment bank in an effort to cut costs, a source
familiar with the matter said on Tuesday.
* SPORTS DIRECT: British lawmakers have formally summoned Sports Direct
founder Mike Ashley to answer questions in parliament about the
treatment of workers at his company, Britain's biggest sportswear retailer.
* WPP: Martin Sorrell, founder and chief executive of advertising giant WPP
Plc, will receive a 63 million sterling pay cheque in one of the largest
corporate payouts in history, the Telegraph reported. (http://bit.ly/1nML7AO)
* UK CORPORATE DIARY:
Smiths Group H1 results
Hikma Pharmaceuticals FY results
John Laing Infrastructure Fund FY results
Paysafe FY results
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
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(Reporting by Aastha Agnihotri in Bengaluru; Editing by Sunil Nair)
Our Standards: The Thomson Reuters Trust Principles.
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