December 20, 2016 / 7:26 AM / a year ago

UK Stocks-Factors to watch on Dec 20

Dec 20 (Reuters) - Britain's FTSE 100 index is seen opening down
about 0.2 percent on Tuesday, according to financial bookmakers.
    * The UK blue chip index closed up 0.1 percent at 7,017.16 points after a
choppy session on Monday, led higher by a rise among more defensive stocks,
including pharma firms such as Hikma and Mediclinic, as well as
Reckitt Benckiser and Unilever as investors took profits in
banking stocks. 
    * BHP BILLITON: The largest union at BHP Billiton-owned  
Escondida, the world's biggest copper mine, said on Monday it had sent the
company its proposal for a new collective contract, effectively beginning formal
wage negotiations. 
    * SKY/TWENTY-FIRST CENTURY FOX: Rupert Murdoch said on Monday he had never
asked a British prime minister for anything, seeking to play down his influence
ahead of what is likely to be a politically charged approval process for his
$14.6 billion bid for pay-TV group Sky SKYB.L. 
    * GSK: Drugmaker GlaxoSmithKline is bolstering scientific expertise
on its board by establishing a new science committee, charged with overseeing
research, as a new chief executive prepares to take over. 
    * WPP: WPP, the world's largest advertising agency, said on Monday
that three of its subsidiaries had received subpoenas from the U.S. Department
of Justice as part of an investigation into video production practices in the
advertising industry. 
    * BREXIT: A British hedge fund group laid out its wishlist for Brexit
negotiations, with continued access to European Union investors and workers
among its goals to limit the damage a UK exit from the bloc could have on the
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Carnival PLC                               Q4 2016 Earnings Release
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 (Reporting by Esha Vaish in Bengaluru; Editing by Sherry Jacob-Phillips)
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