UK Stocks-Factors to watch on Friday Nov 28
LONDON Nov 28 (Reuters) - Britain's FTSE 100 index is seen opening 5 to 8 points lower, or down as much as 0.1 percent, on Friday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* The FTSE 100 ended 5.75 points lower, or down 0.1 percent on Thursday, at 6,723.42 points.
* BT - Hutchison Whampoa, the owner of Britain's fourth largest mobile operator 3 Group, is preparing a bid for EE or O2, the mobile groups already in talks on a deal with BT Group, several sources familiar with the matter said.
* RIO TINTO - Global miner Rio Tinto deferred plans to build a $1 billion mine in Australia, stepping up cost cuts amid a plunge in iron ore prices so it can deliver on a vow to boost returns to shareholders.
* Nathan Tinkler, the former mining magnate who lost his fortune because of a slump in coal prices, expects global mining companies such as BHP Billiton and Rio Tinto to put their coal assets up for sale.
* Brent crude was down 1.5 percent to below $72 a barrel on Friday, adding to the previous session's plunge after OPEC decided not to cut oil output to support prices which came after Saudi Arabia blocked calls from poorer members of the Organization of the Petroleum Exporting Countries for output reductions. Brent has tumbled nearly 40 percent since June.
TODAY'S UK PAPERS
> Financial Times
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