UK Stocks-Factors to watch on Feb 17

lunes 17 de febrero de 2014 02:58 GYT

LONDON Feb 17 (Reuters) - Britain's FTSE 100 index is seen opening flat to 1 point lower on Monday, according to financial bookmakers.

* The UK blue chip index closed up 4.20 points, up 0.1 percent, at 6,663.62 points on Friday.

The UK benchmark, up nearly 4 percent from its February lows, has now recouped more than half of what it lost during the recent emerging markets sell-off.

* ROYAL MAIL : Royal Mail and the Communication Workers Union have started talks on a company charter to enshrine their post-privatisation agreement over working conditions for more than 100,000 workers so that the terms can only be overturned by a vote of the company's shareholders, the Guardian reported.

* ESSAR ENERGY : The company said its largest shareholder, Essar Global Fund Ltd, has made a possible offer of 70 pence per share for the 22 percent stake it does not own in the London-listed oil and gas producer.