UK Stocks-Factors to watch on Oct 27

lunes 27 de octubre de 2014 03:28 GYT

LONDON Oct 27 (Reuters) - Britain's FTSE 100 futures contract rose 0.7 percent on Monday. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down by 0.5 percent at 6,388.73 points on Friday, although it recorded a 1.2 percent gain for the week, extending a rebound from 15-month lows reached earlier in October.

* EUROPEAN BANKS/LLOYDS : Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday, while Lloyds narrowly passed a test set by European regulators to assess whether banks have enough capital to weather another economic crash, calling into question its chances of re-starting dividends.

* BANK OF ENGLAND/INTEREST RATES: The Bank of England should begin raising interest rates now, because spare capacity in Britain's fast-recovering economy could be used up by the middle of next year, adding to inflation pressures, a Bank policymaker said in a Sunday newspaper. Ian McCafferty, one of two Bank rate-setters to have voted for rate hikes since August, reiterated his view that raising borrowing costs now would help the BoE to nudge up rates only gradually.

* BP : Tanzania has held talks with France's Total and Britain's BP over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.

* SSE : Britain's energy regulator Ofgem has approved 1.1 billion pounds of funding for a new subsea electricity cable to connect the north of Scotland, nearly 200 million pounds less than requested, developer SSE said on Monday.

* ANGLO AMERICAN : Mining group Anglo American said it had sent its first iron ore cargo from a project in Brazil to China.   Continuación...