November 21, 2016 / 7:26 AM / a year ago

UPDATE 4-UK Stocks-Factors to watch on Nov 21

(Adds company news items)

Nov 21 (Reuters) - Britain’s FTSE 100 index is seen opening up 14 points on Monday, according to financial bookmakers, with futures up 0.16 percent ahead of the cash market open.

* The UK blue chip index closed down 0.3 percent at 6,775.77 points on Friday, with miners leading the market lower after base and precious metals prices slipped due to a stronger dollar, which made metals costlier for holders of other currencies.

* BT: Britain will sell a new batch of mobile broadband spectrum next year in an auction designed to prevent the biggest player, BT/EE, from becoming too dominant.

* ESSENTRA: Essentra Plc, a supplier of speciality plastic and packaging components, cut its full-year adjusted operating profit estimate for a second time this year, citing challenging market conditions for filter products in China.

* CHEMRING: British defence contractor Chemring Group Plc, which has been struggling with defence budget cuts in its key markets, said on Monday the value of its order book was boosted by 103 million pounds ($127.3 million) from a weak sterling.

* MITIE: Outsourcing firm Mitie issued a second warning on its full-year results as customers delayed placing orders due to uncertainty following Britain’s vote to leave the European Union.

* GLENCORE: Glencore is seeking to raise $550 million from investors via a debt issue guaranteed by oil from Iraqi Kurdistan in an attempt to secure a big slice of the high-risk - and high-reward - market in a region at war with Islamic State.

* BP: BP Products North America, a unit of BP Plc, has been awarded an estimated $559 million fixed-price with economic-price-adjustment U.S. defense contract for fuel, the Pentagon said on Friday.

* RBS: A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac

* UK BUDGET: Britain’s first budget plan since the Brexit vote will not include a big new spending push because of “eye-wateringly” high public debt levels, but will have some help for the economy and struggling families, the country’s finance minister said.

* BRITAIN INDUSTRY: Prime Minister Theresa May will unveil her new industrial strategy on Monday, pledging to spend billions of pounds on science, technology and research to spur a new “ambitious” way of doing business in Britain.

* BRITAIN FUNDS: Consultants who advise pension schemes how to invest may face a full-blown competition probe, after coming under fire from Britain’s financial regulator, which said their industry was prone to conflicts of interest and charged opaque fees.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit * For Top News : (Reporting by Rahul B in Bengaluru; Editing by Sherry Jacob-Phillips)

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