February 4, 2019 / 5:30 AM / 7 months ago

UK Stocks-Factors to watch on Feb. 4

    Feb 4 (Reuters) - Britain's FTSE 100 index is seen opening 1 point
higher at 7,021 on Monday, according to financial bookmakers.
    * GLENCORE: Global trader Glencore is close to finalising a deal to make a
$500 million payment to the mining arm of Brazil's Companhia Siderurgica
Nacional (CSN) for iron ore cargoes to be delivered over five years, sources
familiar with the matter said.
    * ANGLO AMERICAN: Indian miner Vedanta Ltd said on Monday that its
foreign unit Cairn India Holdings Limited's investment in Anglo American Plc
 met all governance requirements.
    * FLYBE/STOBART GROUP: British airline Flybe, which is being bought
by a consortium of Virgin Atlantic, Stobart Group and Cyrus Capital,
said on Sunday it had been approached by Stobart's ex CEO Andrew Tinkler about a
possible alternative financing proposal.
    * GOLD: Gold prices dipped slightly on Monday as the dollar held steady on
upbeat U.S. jobs and factory data that prompted markets to reduce bets on a rate
cut later this year. 
    * OIL: Crude oil prices edged lower on Monday after sharp gains during the
previous session but were supported by expectations of shrinking supply and
signs that China-U.S. trade tensions could ease.
    *  The UK blue chip index closed 0.74 percent up at 7020.22 on Friday, as
signs the United States and China could soon settle their protracted trade
dispute offset disappointing data from China, while TalkTalk sank after warning
rising costs would hit its earnings.
      
    * UK CORPORATE DIARY: 
 Grainger PLC                              Trading Statement
 London Finance & Investment Plc           Half year results
    * 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 Adil Bhat in Bengaluru)
  
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