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UK Stocks-Factors to watch on Dec 8
December 8, 2016 / 7:05 AM / 9 months ago

UK Stocks-Factors to watch on Dec 8

Dec 8 (Reuters) - Britain's FTSE 100 index is seen opening between
16 and 25 points higher, or up as much as 0.4 percent on Thursday, according to
financial bookmakers.
    
    * The UK blue chip index was up 1.8 percent to 6,902.23 at its close on
Wednesday, as investors snapped up bank and mining stocks and rotated out of
more "defensive" parts of the market. 
    * GLENCORE: Russia said on Wednesday it sold a stake in oil giant Rosneft
 for 10.5 billion euros ($11.3 billion) to Qatar and commodities trader
Glencore, confounding expectations that the Kremlin's standoff with the
West would scare off major investors. 
    * BHP: Workers at BHP Billiton-owned Escondida,, the
world's largest copper mine, expect to present the company with their proposal
for a new collective contract and begin wage talks later this month, a union
leader for the Chilean mine said on Wednesday. 
    * BREXIT: British lawmakers backed Prime Minister Theresa May's Brexit
timetable on Wednesday after she headed off a rebellion in her Conservative
Party over a lack of insight into the government's strategy to leave the
European Union. 
    * BREXIT: While the British government tries to prevent parliament from
having to pass a law to trigger the country's exit from the European Union,
Reuters research indicates the lower house would in fact support it, based on
lawmakers' recent statements. 
    * UK STEEL: Tata Steel UK offered British unions a deal
guaranteeing jobs and investment on Wednesday in return for pension cuts, moving
the company closer to merging its European assets with Germany's Thyssenkrupp
. 
    * UK ADVERTISING: Britain's advertising regulator announced new rules on
Thursday banning advertising of food or drinks high in sugar, fat or salt in
children's non-broadcast media, bringing standards in line with what is already
required for television. 
    * UK HOUSE PRICES: British house prices hit a seven-month in November and
companies hired more workers, surveys showed on Thursday, suggesting the economy
remained resilient five months after Britain's vote to leave the European Union.
 
    * TOBACCO FIRMS/IMPERIAL BRANDS: The U.S. surgeon general on Thursday called
for action to reduce the use of e-cigarettes among young people, noting they
have overtaken cigarettes to become the most commonly used tobacco products
among this group. Reynolds American Inc, Altria Group Inc and
Fontem Ventures, a subsidiary of Imperial Brands Plc, are among the
leading manufacturers of the devices.  
    * OIL: Oil prices edged up in thin trading on Thursday after steep falls in
the previous session, supported by a weaker dollar, positive economic data and a
drawdown in U.S. crude stocks. 
    * METALS: London copper futures edged up on Thursday after losses the
session before, buoyed as the U.S. dollar lost ground. 
    * EX-DIVS: Babcock International, 3i Group, Next and
Royal Mail will trade without entitlement to their latest dividend
pay-out on Thursday, trimming 1.01 points off the FTSE 100 according to Reuters
calculations 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:
 Capita PLC                                  Pre-Close Trading
 Alternative Networks PLC                    Full Year 
 Sports Direct International PLC             Half Year 
 Ocado Group PLC                             Q4 
 DS Smith PLC                                Half Year 
 Tui Group                                   Full Year
 Mulberry Group Plc                          Half Year
 
    TODAY'S UK PAPERS
    > Financial Times                      
    > Other business headlines             
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 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sherry
Jacob-Phillips)

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