UPDATE 1-UK Stocks-Factors to watch on Sept. 28
(Adds futures, company news)
Sept 28 (Reuters) - Britain's FTSE 100 index is seen opening down 3 points, or 0.05 percent lower on Wednesday, according to financial bookmakers, with futures up 0.21 percent ahead of the cash market open.
* The UK blue chip index closed down 0.2 percent on Tuesday at 6,807.67, weighed down by a drop in banking stocks such as Standard Chartered and weaker energy company stock prices.
* RBS: Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said on Tuesday.
* HINKLEY: French state-controlled utility EDF said in a statement on Tuesday that its board of directors had confirmed its approval of the Hinkley Point project to build two nuclear reactors in Britain. Sources also said EDF and the British government were scheduled to sign the Hinkley Point contract Thursday.
* ROLLS-ROYCE: Rolls-Royce boss Warren East has axed more than 600 management jobs and sought to reduce production times and costs since taking the helm last July, rebuilding confidence in the British engine-maker. But there are doubts among investors and industry experts about whether his slimmed-down group has the muscle to meet ambitious production and development goals.
* J SAINSBURY: Sainsbury's, Britain's second biggest supermarket, reported another drop in quarterly underlying sales and cautioned that it did not expect a change to competitive market conditions any time soon.
* UK MAIL: Deutsche Post announced it had reached an agreement to acquire UK Mail Group for cash, valuing it at 243 million pounds ($316 million). Continuación...