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UPDATE 1-UK Stocks-Factors to watch on Dec 1
December 1, 2017 / 7:33 AM / 12 days ago

UPDATE 1-UK Stocks-Factors to watch on Dec 1

 (Adds company news and futures)
    Dec 1 (Reuters) - Britain's FTSE 100         index is seen to open 19 points
lower at 7,308 on Friday, according to financial bookmakers, with futures
        down 0.05 percent ahead of the cash market open. 
    
    * ROYAL BANK OF SCOTLAND: British state-owned Royal Bank of Scotland (RBS)
        said on Friday it will close 259 branches and cut 680 jobs as it reduces
costs and encourages customers to use online and mobile services.            
    * ROYAL DUTCH SHELL: Royal Dutch Shell          and PetroChina            
have taken a big step toward a long awaited gas development in Australia,
signing a 27-year deal to supply Shell's Queensland Curtis Liquefied Natural Gas
project.            
    * UNILEVER: Unilever         ,          Chief Executive Paul Polman on
Thursday defended his balancing of growth and margin, weighing in passionately
after a weak third quarter on a debate sparked by this year's unwanted approach
from Kraft-Heinz                     
    * BRITAIN-EU: The European Union has agreed a financial settlement with
Britain, a senior EU official told Reuters on Thursday, under which London has
committed to paying a set share of EU budgets after Britain has left the
bloc.            
    * BRITAIN-EU/IRELAND: Britain's intention to avoid a hard border between
Ireland and Northern Ireland after Brexit is inconsistent with its plan to
withdraw from the European Union's single market and customs union, a committee
of lawmakers said on Friday.            
    * OIL: U.S. oil held steady on Friday after OPEC and other major producers
agreed to extend production curbs in a widely expected move aimed at ending a
persistent glut in global supplies.            
    * GOLD: Gold on Friday steadied near a 3-1/2 week low touched in the
previous session, as investors opted for riskier assets amid a surge in U.S.
equities and expectations of an interest rate hike by the Federal Reserve later
this month.            
    * The UK blue chip index closed down 0.9 percent lower at 7,326.67 points on
Thursday, as it remained under pressure from a rising sterling buoyed by Brexit
talks optimism.            
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
            
    TODAY'S UK PAPERS
    > Financial Times                                
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 (Reporting by Harish Bhaskar; Editing by Sunil Nair)
  

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