News: UPDATE 1-UK Stocks-Factors to watch on April 16

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    April 16 - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 1.2%.

    • DS SMITH: International Paper IP.N said it had agreed to an all-share deal to buy DS Smith SMDS.L , valuing the British paper and packaging firm at 5.8 billion pounds ($7.20 billion).
    • SUPERDRY: British fashion chain Superdry SDRY.L launched a restructuring plan that would result in rent reductions for some of its stores, while announcing an equity raise which it said would allow it to delist from the London Stock Exchange.
    • DR MARTENS: British bootmaker Dr Martens DOCS.L named its chief brand officer Ije Nwokorie as its next CEO, saying Kenny Wilson had decided this year would be his final year as top boss.
    • B&M: British discount chain B&M BMEB.L forecast full-year profit at the top end of its guidance as it reported a 10.1% rise in revenue for the period that was partly driven by new store openings.
    • PLUS500: Online trading platform Plus500 PLUSP.L said it expects full-year results to beat market expectations, after it posted a 13% increase in new customers in the first quarter.
    • ROBERT WALTERS: British recruiter Robert Walters RWA.L reported a fall in first-quarter net fees due to weak hiring conditions in most of its major markets.
    • HAYS: Recruiter Hays HAYS.L posted a fall in quarterly net fees as low client and candidate confidence extended the time taken to fill vacant roles.
    • RIO TINTO: A Native American group has asked all members of a U.S. appeals court to overturn an earlier ruling that granted land to Rio Tinto (RIO) RIO.L for a copper mine in Arizona.

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

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

    ($1 = 0.8054 pounds)

 
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