October 25, 2016 / 5:21 AM / 2 years ago

UK Stocks-Factors to watch on Oct 25

Oct 25 (Reuters) - Britain's FTSE 100 index is seen opening up by
13-17 points, or 0.2 percent, on Tuesday, according to financial bookmakers.
    * The UK blue chip index closed down 0.5 percent at 6,986.40 points on
Monday, as energy stocks came under pressure following a drop in crude oil
prices and gold miners tracked weaker precious metals. 
    * GLENCORE: Glencore and Japanese power utilities have settled
quarterly thermal coal contract prices at $94.75 a tonne, up from around $64
last quarter, sources confirmed on Tuesday, reflecting a surge in spot prices.
    * BHP BILLITON: Samarco Mineração SA, the Brazilian iron ore mining joint
venture owned by Vale and BHP Biliton Ltd that suspended
operations in November following a dam disaster, on Monday said it had missed a
$20 million interest payment related to a senior unsecured bond due in 2023.
    * UK BANKS: Representatives of the U.S. Department of Justice have signalled
recently that penalty imposition on Barclays Plc, Credit Suisse Group
AG and Deutsche Bank AG may not conclude until closer to the
arrival of the new U.S. administration in January, Sky News reported. Royal Bank
of Scotland had hoped to resolve its own settlement with the DoJ this
year in an attempt to draw a line under historic misdemeanours. 
    * FRENCH CONNECTION: French Connection Group Plc founder Stephen
Marks has dismissed a newspaper report of possible bid interest in the fashion
retailer, saying there was nothing behind the article which sent its shares up
more than 20 percent. 
    * 3I INFRASTRUCTURE: 3i Infrastructure said on Monday it had bid for
French telecoms masts business FPS Towers, which owner Antin hopes could raise
up to 1 billion euros, as it seeks to build its UK-focused Wireless
Infrastructure Group into a European platform. 
    * UK FINANCE: British Prime Minister Theresa May said on Monday she was
aware of the importance of financial services to the country's economy and was
in discussions with the sector about what its priorities were in upcoming Brexit
    * UK INFLATION: The British public's expectation for inflation in a year's
time recorded its sharpest jump in more than a decade this month, driven by
fears of higher import prices, a closely watched survey by polling company
YouGov said on Monday. 
    * BRITISH STEEL PENSION: The British Steel Pension Scheme's deficit has
shrunk to around 50 million pounds ($61 million) from around 700 million pounds
earlier this year, it said on Monday, adding it had been well-position to take
advantage of currency movements. 
    * OIL: Oil prices dipped early on Tuesday over disagreement within producer
cartel OPEC on who should cut how much production in a planned coordinated
reduction to prop up prices. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Whitbread PLC                                Half Year 2016 Earnings Release
 Anglo American PLC                           Q3 2016 Production Report
 National Express Group PLC                   Q3 2016 Interim Management
                                              Statement Release
 St. James's Place PLC                        Q3 2016 New Business
 Pentair PLC                                  Q3 2016 Earnings Release
 GKN PLC                                      Q3 2016 Trading Statement
    > Financial Times                      
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 (Reporting by Esha Vaish in Bengaluru; Editing by Sherry Jacob-Phillips)
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