October 24, 2017 / 5:53 AM / a year ago

UK Stocks-Factors to watch on Oct 24

    Oct 24 (Reuters) - Britain's FTSE 100 index is seen opening 11
points lower at 7,513.3 on Tuesday, according to Financial spreadbetters.
    * RBS: Britain's financial watchdog is considering further action against
Royal Bank of Scotland (RBS) for its treatment of struggling companies
during and after the financial crisis.
    * BARCLAYS: Hedge fund Red Kite has filed a lawsuit against Barclays Plc
, alleging the bank manipulated the copper market to its advantage,
causing the hedge fund to lose $850 million.
    * LLOYS: Lloyds Banking Group opened a 500 million pound ($658
million) fund to help British businesses finance equipment on Tuesday, targeting
small and medium-sized companies which banks froze out of credit following the
financial crisis.
    * RIO TINTO: A U.S. law firm has filed a class action suit against mining
giant Rio Tinto,, which is facing U.S. Securities and Exchange
Commission (SEC) fraud charges stemming from an ill-fated investment in
Mozambique coal mining.
    * Copper: Three-month copper on the London Metal Exchange CMCU3 was steady
at $7,098.50 a tonne by 0245 GMT, maintaining gains from the previous session.

    * Declines among British banks and Mediclinic shares kept gains in
check on the UK's main share index on Monday, though engineering group
GKN was a bright spot. The FTSE 100 closed flat at 7,524.45 points,
while the FTSE 250 index of mid-range stocks, which hit a record high
last week, retreated 0.1 percent.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Sanjeeban Sarkar in Bengaluru)
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