September 27, 2016 / 5:51 AM / a year ago

UK Stocks-Factors to watch on Sept. 27

Sept 27 (Reuters) - Britain's FTSE 100 index is seen opening up 44
points on Tuesday, or as much as 0.7 percent, according to financial bookmakers.
    * The UK blue chip index closed down 1.3 percent on Monday at 6818.04, its
worst one-day percentage decline since late June when Britain voted to leave the
European Union. Lloyds pushed banks lower after a downgrade by Goldman
Sachs and miners tracked weaker metals prices. 
    * VODAFONE: Vodafone's $7.2 billion cash injection into its Indian
business has turned up the heat just days ahead of an $84 billion airwave
auction which could decide who wins and loses in one of the world's
fastest-growing telecoms markets. 
    * BHP:  Samarco Mineração SA, the Brazilian iron ore mining joint venture
owned by Vale SA and BHP Billiton Ltd , that
suspended operations in November following a dam disaster, missed an interest
payment on a $500 million bond that was due on Monday, trustee Bank of New York
Mellon Corp said. 
    * CENTRICA: Centrica, Britain's largest utility company, is in the
process of selling all of its Canadian oil and gas assets and exiting operations
in the country, a company spokesman said on Monday. 
    * BREXIT: France and Germany will make the case for the European Union's
most ambitious defence plan in almost two decades on Tuesday, aiming to persuade
sceptical easterners and avoid a showdown with Britain over its military future
outside the bloc. 
    * OIL: Crude futures slipped in Asian trade on Tuesday as investors took
profits after prices climbed more than 3 percent in the previous session. The
dollar was also weighing on oil prices after rising against a basket of
currencies, suggesting markets were judging Democrat Hillary Clinton as
the winner in the first U.S. presidential debate with Republican candidate
Donald Trump. 
    * UK OIL: Industry group UK Oil and Gas has slashed its estimate of
Britain's existing oil and gas reserves by a third, saying weak oil prices have
made it less likely that some resources will ever be retrieved. 
    * METALS: Nickel dropped more than 2 percent on Tuesday, falling for a
second day on speculation that expected mine closures in the Philippines, the
world's biggest nickel ore supplier, may not limit supply as much as originally
thought. Copper slid about half a percent, while aluminium eased after climbing
to its highest in almost five weeks in the previous session on dollar weakness
and strong European demand. 

    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)
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