June 21, 2017 / 6:02 AM / a year ago

UK Stocks-Factors to watch on June 21

    June 21 (Reuters) - Britain's FTSE 100 index is seen opening 20
points lower on Wednesday, according to financial bookmakers.
    * COAL & ALLIED: Rio Tinto, selected Yancoal on
Tuesday to buy its Coal & Allied division in Australia for $2.45 billion,
surprising commodities trading giant Glencore, which had put in a
higher bid.
    * BARCLAYS: Barclays and four former top executives were charged
with fraud on Tuesday over undisclosed payments to Qatari investors as part of a
12 billion pound ($15 billion) emergency fundraising during the financial crisis
in 2008.
    * AVIVA: Aviva, Britain's biggest life insurer, is selling about 1
billion pounds ($1.3 billion) worth of bonds and shares it holds in tobacco
companies, joining a global campaign to divest from the industry.
    * GEMFIELDS: Pallinghurst Resources Ltd said on Tuesday it lowered
the minimum number of acceptances from shareholders of Gemfields Plc on
its takeover offer, after China's Fosun International raised its offer
for the gemstone company.
    * IP GROUP: IP Group said on Tuesday it made an offer of about 466
million pounds ($587 million) for rival intellectual property business company
Touchstone Innovations Plc, about a month after its earlier bid was
    * PROVIDENT FINANCIAL: British subprime lender Provident Financial Plc
 said on Tuesday it expected operational disruption from the
reorganisation of its home credit division to weigh on profit for the rest of
the financial year as reduced agent effectiveness bit into revenue.
    * BELGIUM: Belgian counter-terrorism police are investigating the motives of
a suspected suicide bomber shot dead by troops guarding a Brussels railway
station after he set off explosives that failed to injure anyone.
    * BREXIT: Lawmakers in British Prime Minister Theresa May's Conservative
party believe they can stop Britain leaving the European Union without a deal if
such a situation should arise, news media reported on Tuesday.
    * BREXIT: British Prime Minister Theresa May said on Tuesday that her
government was committed to leaving the European Union and would listen to
others' views while delivering a Brexit that commanded "maximum public support".

    * GOLD: Gold inched up on Wednesday after hitting its lowest in five weeks
in the previous session, buoyed as equities fell and the U.S. dollar eased from
one-month highs following a tumble in crude oil prices.
    * OIL: Oil prices dipped on Wednesday, trading around multi-month lows as
investors discounted evidence of strong compliance by OPEC and non-OPEC oil
producers with a deal to cut global output.

    * The UK blue chip index, the worst-performing major benchmark in Europe
this year, closed down 0.7 percent on Tuesday, hit by its heavy weighting in
commodities stocks.
    * 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 and Arathy S Nair in Bengaluru)
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