January 17, 2017 / 6:32 AM / 2 years ago

UK Stocks-Factors to watch on Jan 17

Jan 17 (Reuters) - Britain's FTSE 100 index is seen opening down 1
point on Tuesday, according to financial bookmakers. 
    * The UK blue chip index ended its record 14-day winning streak on Monday,
finishing down for the first day since Dec. 21, as banking stocks slumped on
'hard Brexit' worries ahead of Theresa May's speech on Tuesday. It ended down
0.15 percent at 7327.13 points. 
    * RIO TINTO: Global miner Rio Tinto, could be in a position
to reward shareholders with a strong dividend hike or even a share buyback next
year as it benefits from a sharp rise in metals prices, fund managers and
analysts said on Tuesday. 
    * ROLLS-ROYCE: British engineering company Rolls-Royce Plc said on
Monday that it reached settlements with authorities in Britain, the United
States and Brazil relating to bribery and corruption involving intermediaries,
which would result in a series of payments totalling 671 million pounds ($809
    * WIZZ AIR: European short-haul air fares should stabilise by next winter as
higher fuel prices limits further expansion by the continent's airlines, the
chief executive of Wizz Air said on Monday. 
    * LSE: The clearing houses of the London Stock Exchange will not
raise the cost of using Italian bonds to raise funds despite the downgrade of
Italy by credit agency DBRS, an LSE spokesman said. 
    * BREXIT: British businesses are increasingly cautious about their
investment plans as they worry about how the country's planned departure from
the European Union will affect the economy this year, a survey showed on
    * LSE: Blackrock, the second-largest shareholder in both Deutsche
Boerse and London Stock Exchange Group, publicly voiced its
support for the $28 billion merger of the two European exchanges as key
regulatory decisions on the tie-up loom. 
    * BREXIT: Britain will not seek a Brexit deal that leaves it "half in, half
out" of the European Union, Prime Minister Theresa May will say on Tuesday,
according to her office, in a speech setting out her 12 priorities for upcoming
divorce talks with the bloc. 
      British Prime Minister Theresa May's 12 priorities for Brexit will include
leaving the European Union's single market and customs union, the Telegraph
newspaper reported on Monday. 
    * BANK OF ENGLAND: Bank of England Governor Mark Carney said on Monday that
he would keep a close eye on British consumers this year to see if their buoyant
mood since June's Brexit vote persists in the face of higher

    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Provident Financial Plc             Trading Statement
    Cairn Energy Plc                 Operations Update
    > Financial Times                      
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 (Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)
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