UK Stocks-Factors to watch on July 5

martes 5 de julio de 2016 01:31 GYT
 

July 5 (Reuters) - Britain's FTSE 100 index is seen opening 0.1
percent lower on Tuesday, according to financial bookmakers.
    
    * The UK blue chip index, which rose in the past four sessions, closed 0.8
percent lower on Monday at 6,522.26, retreating from a 10-month high as weaker
property and house building stocks weighed on the market and halted its rebound
from a slump caused by the United Kingdom's decision to leave the European
Union. 
    * RIO TINTO: Rio Tinto  has shelved its $20 billion Simandou
iron ore project in Guinea because of a sustained slump in prices, the company's
new Chief Executive Jean-Sebastien Jacques said in an interview with The Times
newspaper. 
    * SHELL: Anglo-Dutch oil major Royal Dutch Shell will start
dismantling its nearly 40-year-old Brent Delta platform in the North Sea in
2017, a senior manager said, delaying the process by around one year.
 
    * STANDARD LIFE: Standard Life Investments, the fund arm of insurer Standard
Life, suspended all trading in its UK real estate fund from 1100 GMT on
July 4, it said on Monday.  
    * BREXIT: Former London Mayor and leading Brexit campaigner Boris Johnson on
Monday gave his backing to junior minister Andrea Leadsom to be the next leader
of the Conservative Party and British prime minister. 
    * BREXIT: Britain's opposition leader Jeremy Corbyn will face a leadership
contest unless he considers his position, Labour Party lawmaker Angela Eagle
said on Monday, saying she has the necessary support to trigger a challenge and
is ready to do so. 
    * BREXIT: Austrian Finance Minister Hans Joerg Schelling told German
newspaper Handelsblatt that he expected Britain to remain a member of the
European Union in future despite the June 23 referendum in which Britons voted
to quit the bloc. 
    * BREXIT: The European Union says it will not be "paralysed" after Britons
voted to leave, but Brussels policymakers say uncertainty over Britain's future
is already complicating the lawmaking process for the rest of the EU.
 
    * UK GAS IMPORTS: Britain could rely on other countries for 93 percent of
its gas supplies by 2040 if there is weak economic growth and not enough money
available to support domestic gas production, National Grid said on
Tuesday. 
    * UK BUSINESSES: Confidence among British businesses fell sharply following
the vote to leave the European Union, a survey showed on Tuesday, reinforcing
the view that the economy could be in for hard times after the historic
decision.   
    * CHINA: A flurry of data from China in coming weeks is expected to show
continued weakness in trade and investment, sluggish industrial output and
another drop in foreign reserves, reinforcing views that Beijing will roll out
more economic support measures soon. 
    * COPPER: Copper slipped for a second consecutive session on Tuesday, with
prices retreating from a two-month peak on concerns over Chinese demand in the
second half of the year. 
    * GOLD: Gold prices held steady early on Tuesday on an easing dollar and
weaker Asian stocks, after the metal surged to near two-year highs the session
before. 
    * OIL: Crude prices dipped in early trading on Tuesday, with Brent falling
back below $50 per barrel as economic concerns took centrestage with many
analysts saying oil demand will stall later this year.  
    
    * UK CORPORATE DIARY:
 Solid State PLC                               Full Year
 Persimmon PLC                                 Trading Statement
 Imagination Technologies Group PLC            Full Year 
 St. Modwen Properties PLC                     Half Year 
 
    TODAY'S UK PAPERS
    > Financial Times                      
    > Other business headlines             

 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)