December 2, 2016 / 6:21 AM / 2 years ago

UK Stocks-Factors to watch on Dec. 2

Dec 2 (Reuters) - Britain's FTSE 100 index is seen opening down 48
points at 6,704 on Friday, according to financial bookmakers.
    * The UK blue chip index closed down 0.5 percent on Thursday at 6,752.93,
pulled down by more evidence of the weak pound damaging consumer goods companies
and by some stocks trading without rights to their latest dividend payouts.
    * TALKTALK: A cyber attack on Britain's Talktalk Telecom Group Plc 
broadband affected "a small number of customer routers" on Thursday, the company
said in a statement on Thursday. 
    * BP: Oil major BP has approved a $9-billion investment in its Mad
Dog project in the Gulf of Mexico, its first major new platform in the region
since a 2010 explosion at its Macondo well led to the worst offshore disaster in
U.S. history. 
    * BHP BILLITON: Vale SA, the world's top iron ore producer, said
a judge was soon to ratify a settlement with the Brazilian government regarding
its Samarco iron ore joint venture with BHP Billiton. 
    * LIDL: Discount supermarket Lidl plans to spend 70 million
pounds ($89 million) building a new distribution centre in Britain next year, it
said on Friday, showing its appetite for investment has not been diminished by
the Brexit vote. 
    * STANDARD CHARTERED: Singapore's central bank said on Friday it imposed
penalties on the local units of Standard Chartered Bank and Coutts for
money laundering breaches related to Malaysia's scandal-tainted 1MDB fund.
    * BREXIT: Britain would consider making payments to the European Union after
it leaves to achieve the best possible access for businesses to the bloc's
markets, Brexit minister David Davis said on Thursday. 
    * COPPER: Copper eased on Friday as traders unwound speculative positions on
doubts that the post U.S. election rally has much further to run, although
losses were kept in check by firmer oil prices and signs of global industrial
    * OIL: Oil prices slipped on Friday as some investors opted to cash out
after Brent touched 16-month a high on Thursday, with optimism over this week's
OPEC-Russia accord on cutting output giving way to questions on the "sticking
point" of implementing the deal. 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Berkeley Group Holdings PLC                         Half Year 2016 Earnings
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 (Reporting by Pranav Kiran in Bengaluru; Editing by Sunil Nair)
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