September 7, 2016 / 5:26 AM / 2 years ago

UK Stocks-Factors to watch on Sept. 7

Sept 7 (Reuters) - Britain's FTSE 100 index is seen opening 0.2
percent higher on Wednesday, according to financial bookmakers.
    * The UK blue chip index closed down 0.8 percent on Tuesday, as a fall in
the shares of Royal Bank of Scotland and its rival Lloyds 
weighed on the overall market. 
    * ANTOFAGASTA: Chile-based Antofagasta Plc will see about $800
million in capital expenditures in 2017, the chief executive of the
London-listed copper miner told journalists on the sidelines of a mining
conference on Tuesday. 
    * TESCO: Prosecutors are close to announcing whether they plan to charge
former Tesco Plc executives in relation to the profits overstatement
that sparked the biggest crisis in the history of Britain's largest retailer,
Sky News reported on Tuesday.
    * SHELL: Shell's Nigerian unit, Shell Petroleum Development
Co(SPDC), said it has lifted a force majeure on Bonny Light exports effective
Tuesday following the re-opening of Nembe Creek Trunk Line (NCTL) by the
operator, Aiteo. 
    * SHOWA SHELL: Japanese refiner Idemitsu Kosan Co Ltd has postponed
its planned acquisition of Showa Shell Sekiyu KK shares to October or
November this year from this month as regulatory approval is taking longer than
    * WOOD GROUP: A labour dispute involving workers on Royal Dutch Shell
platforms in the North Sea has moved closer to resolution after John Wood Group
,the oil services provider, reached provisional agreement with unions on a
compromise deal, Financial Times reported on Tuesday.
    * BT/EE : Britain's smallest mobile network operator, Three, wants the
regulator to rein in market leader EE by setting a 30 percent cap on the
proportion of airwaves an operator can own. 
    * WORLDPAY: Funds managed by Advent International Corporation and Bain
Capital LLC have offered to sell 350 million shares of payments provider
Worldpay Group Plc at a price of between 282 pence and 285 pence each
via an accelerated bookbuild, joint bookrunner BofA Merrill Lynch said.
    * BRITAIN BANKS: Top British bankers will tell finance minister Philip
Hammond on Wednesday to give them a clearer idea of what the country's divorce
from the European Union will mean for them when they hold their first meeting
since the Brexit vote. 
    * OIL: Oil prices erased early losses to trade higher on Wednesday, but
gains were limited as market participants remained sceptical producers would
reach an agreement to freeze output to rein in a global supply glut.
    * COPPER:  London copper rose to the highest in two weeks on Wednesday as a
falling dollar spurred demand for commodities given fading prospects of a U.S.
interest rate hike in September. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Servelec Group Plc                   Half Year 2016 Earnings Release
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 Joules Group Plc                     Full Year 2016 Earnings Release
 Ashtead Group Plc                    Q1 2017 Earnings Release
 McBride Plc                          Full Year 2016 Earnings Release
 Barratt Developments Plc             Full Year 2016 Earnings Release
 Hargreaves Lansdown Plc              Full Year Earnings Release
    > Financial Times                      
    > Other business headlines             
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 (Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)
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