UK Stocks-Factors to watch on August 24

lunes 24 de agosto de 2015 02:55 GYT

(Updates futures, adds company news)
    LONDON, Aug 24 (Reuters) - Britain's FTSE 100 index is seen opening
214 points lower, or down 3.5 percent, on Monday, according to financial
spreadbetter IG. Futures were down 3.4 percent ahead of the cash market
open. For more on the factors affecting European stocks, please click on
    * The UK blue-chip index marked its biggest weekly loss of the year on
Friday after data from China raised investors' concerns over weak global growth
and possible deflation. It closed down 2.8 percent at 6,187.65 points, a fall
broadly in line with European blue-chip equities. 
    * Britain's economy will grow more strongly than previously thought this
year and in 2016, an industry group said on Monday, as it also brought forward
its prediction for the timing of Britain's first rate hike in over seven years.
    * More than 40 economists on Sunday backed Labour lawmaker Jeremy Corbyn's
policies, boosting the leftwinger's campaign to lead Britain's opposition party,
after opponents said his "extreme" views would make it unelectable.
    * LLOYDS - Britain's government has reduced its holding in Lloyds
Banking Group LLOY.L to below 13 percent, taking the bank closer to full
privatisation after needing a state rescue in the 2008/09 financial crisis.
    * RIO TINTO - The mining giant expects to deliver 240 million tonnes
of iron ore to China this year, up from 200 million tonnes in 2014, the
company's China managing director told reporters on Friday. 
    * BP - Increased activity pointing to a possible restart was seen on
Sunday afternoon around the large crude distillation unit that has been shut
since Aug. 8 at BP Plc's 413,500 barrel per day (bpd) Whiting, Indiana,
refinery, said energy industry intelligence service Genscape. 
     A BP-led consortium has resumed production at its Azeri gas field
Shakh-Deniz after a 20-day maintenance, a spokeswoman for BP Azerbaijan said on
    * BT - BT Group Plc's Americas unit president has called on the
United States to require that telecoms rivals allow access to their networks at
regulated prices, the Financial Times reported Sunday. 
    * ITV, UTV MEDIA - Northern Ireland's UTV Media Plc, one of
only two remaining independent regional broadcasters in the ITV network, is in
talks to sell its TV franchise to the dominant ITV Plc, according to reports.
    * AVOCET MINING - Avocet Mining Plc cut its production forecast for
2015 as the gold miner grappled with a strike at its mine in Burkina Faso.
    * GAMBLING FIRMS - British online gambling firms GVC Holdings Plc 
and Digital Entertainment Plc said on Monday that they
continued to be in talks regarding the terms of GVC's offer for Bwin.

 BNZL.L  Bunzl PLC            Earnings Releases
 HEAD.L  Headlam Group PLC    Earnings Releases
 AML.L   Amlin PLC            Earnings Releases
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 (Reporting by Liisa Tuhkanen)