UK Stocks-Factors to watch on Monday, July 28

lunes 28 de julio de 2014 02:28 GYT
 

LONDON, July 28 (Reuters) - Britain's FTSE 100 index is seen opening higher on Monday, with September futures up 0.4 percent at 0625 GMT. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed 29.91 points lower, or 0.4 percent, at 6,791.55 points.

* GLAXOSMITHKLINE : GSK's chief executive has opened the possibility of the pharma group's being broken up in the future as he pushes through a sweeping overhaul of Britain's largest drugmaker, the Financial Times reported on Monday.

* ASTRAZENECA : The pharma group has signed up Roche and Qiagen to develop two separate diagnostic tests, both using simple blood samples, to identify patients who will benefit from its lung cancer drugs.

* RECKITT BENCKISER GROUP : The consumer goods company has decided to spin off its Suboxone pharmaceuticals business in the next 12 months, it said on Monday, ending months of speculation over the shrinking division's future.

* HSBC : Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in the multi-billion dollar market in a lawsuit filed on Friday.

* ROYAL BANK OF SCOTLAND : The State-backed British lender could claw back millions of pounds in bonuses from staff working for its controversial turnaround unit after it was revealed that the bank has set aside 17 million pounds ($28.86 million) in pay awards, The Times reported on Monday.

RBS has been formally advised by Morgan Stanley to sell a majority stake in its Irish unit, Ulster Bank, Ireland's Sunday Business Post reported.

* GLENCORE, ANGLO AMERICAN : Chile's massive Collahuasi copper mine, a partnership between Glencore and Anglo American, has resumed operations following a temporary work stoppage, the company said on Saturday.   Continuación...