October 29, 2018 / 7:07 AM / 23 days ago

UK Stocks-Factors to watch on Oct 29

    Oct 29 - Britain's FTSE 100 index is seen opening 10 points higher
at 6,949 on Monday, according to financial bookmakers.
     
    * HSBC: HSBC Holdings Plc's renewed push to rein in costs and boost
its share of business in the mainstay Asian region helped the lender post a
better-than-expected 28 percent rise in third-quarter profit, sending its Hong
Kong-listed shares sharply higher on Monday.
    * RYANAIR: Britain's Local Authority Pension Fund Forum (LAPFF), which
represents funds that own a combined 1 percent of Ryanair, said on Sunday it
planned to file resolutions at the company's next annual general meeting to
replace Chairman David Bonderman.
    * STANDARD CHARTERED: Standard Chartered Bank (China) has become the first
foreign bank to be granted a licence to provide custody services to domestic
funds and asset managers in China, the bank said on Monday, as Beijing took
another step towards opening its capital markets.
    * RIO TINTO: Global miner Rio Tinto on Monday said a non-binding
2016 agreement for Aluminum Corp of China (Chinalco) to acquire the
company's entire stake in the Simandou iron ore project in the West African
nation of Guinea has lapsed.
    * GOLD: Gold prices held steady in a narrow range on Monday as worries over
U.S. corporate earnings and a slowdown in global economic growth weighed on
Asian shares. 
    * OIL: Oil prices dipped on Monday as sentiment remained cautious after a
plunge in financial markets last week triggered worries that global growth may
be slowing.
    * The UK blue chip index closed down 1.4 percent on Friday on growing
concerns about slowing earnings growth, with investors punishing Rolls Royce and
RBS.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:    
 Lonmin Plc   LMI.L  Full Year 2018 Earnings Release
   
    TODAY'S UK PAPERS
    > Financial Times                     
    > Other business headlines             

 (Reporting by Tanishaa Nadkar in Bengaluru)
  
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