---
title: "UK Stocks-Factors to watch on March 16"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279206191.md"
datetime: "2026-03-16T05:17:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279206191.md)
  - [en](https://longbridge.com/en/news/279206191.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279206191.md)
---

# UK Stocks-Factors to watch on March 16

March 16 (Reuters) - Britain’s FTSE 100 (.FTSE) index is seen opening higher on Monday, with futures (FFIc1) up 0.28%. \*BP: BP (BP.L) issued a revised contract offer to union workers at its Whiting, Indiana, oil refinery after members of the United Steelworkers overwhelmingly rejected what the company had described as its “last, best and final” proposal. \*BP: BP (BP.L) has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday. \*SHELL: Shell Nigeria Exploration and Production Company said it resumed production at its Bonga deepwater oil vessel on March 6. \*THAMES WATER: Lenders to Thames Water have offered to inject 3.35 billion pounds ($4.43 billion) of new equity into Britain’s biggest water supplier as part of an accelerated effort to secure a rescue deal, according to Sky News. \*BRITISH STEEL: Britain has spent 377 million pounds ($500 million) funding British Steel for nine months, the country’s spending watchdog said. \*EMPLOYMENT: UK will invest an additional 1 billion pounds ($1.3 billion) to unlock jobs for young people, the government will say on Monday, part of a drive to reduce the high numbers of 16- to 24-year-olds not in education, employment or training. \*HOUSING MARKET: Asking prices for British homes held steady in the four weeks to March 7 despite uncertainty around the conflict in the Middle East, as per Rightmove. \*COMMODITIES: Oil prices could extend gains, while gold prices were steady, and copper prices fell. \*FTSE: British stocks posted their second straight week of losses on Friday.

-   UK CORPORATE DIARY:

(SDLF.l) Standard Life FY results

(MSLH.L) Marshalls Prelim FY

-   For more on the factors affecting European stocks, please click on: (LIVE/) TODAY’S UK PAPERS
    
-   Financial Times (PRESS/FT)
    
-   Other business headlines (PRESS/GB)

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