February 1, 2017 / 6:19 AM / a year ago

UK Stocks-Factors to watch on Feb. 1

Feb 1 (Reuters) - Britain's FTSE 100 index is seen opening 34 points
higher at 7,134 on Wednesday, according to financial bookmakers.
    * The UK blue chip index closed down 0.3 percent on Tuesday at 7,099.15.
European shares ended January marginally lower after falling to a one-week low
on Tuesday, as investors turned more realistic about U.S. President Donald
Trump's policies, even though solid economic data bolstered prospects for the
region's equities. 
    * SKY/DISCOVERY: Discovery Communication Inc's UK unit on Tuesday
said it had reached a new carriage deal with Sky Plc, ending an impasse
over pricing that had risked a blackout of all Discovery channels from Sky's
    * IAG: British Airways said on Tuesday nearly all flights will go
ahead as scheduled despite strike action by cabin crew between Feb. 5-7 and only
a small number of flights would be merged. 
    * DIAGEO: Diageo plans to open a new Guinness brewery in the U.S.
state of Maryland where it will make new Guinness beers for the U.S. market, the
company said in a statement on Tuesday. 
    * BHP BILLITON: Workers at BHP Billiton's  Escondida mine in
Chile, the world's biggest copper mine, have voted to reject a company wage
offer and go on strike, the union told Reuters in the early hours of Wednesday.
    * DEUTSCHE BOERSE/LSE: The European Union could extend its deadline for
ruling on the $28 billion merger between European exchanges Deutsche Boerse
 and the London Stock Exchange Group, Bloomberg reported
citing people familiar with the discussions. bloom.bg/2knAUgI
    * GLENCORE: Commodity giant Glencore Plc is considering bidding for
Impala Platinum's stake in a chrome waste-retreatment operation in
South Africa, Bloomberg reported citing two people familiar with the matter. bloom.bg/2kLY91i
    * BREXIT: Some British-based financial services firms have already decided
to relocate at least part of their operations to Ireland, and others are
expected to follow in the first half of this year, Ireland's minister for the
sector said on Tuesday. 
    * BREXIT: The head of the Irish central bank said on Tuesday that there will
not be a "new London" in the European Union after Britain leaves the bloc.
    * BREXIT: Britain and the European Union may need to flesh out some kind of
intermediate arrangement to ensure central bank cooperation and maintain
financial stability after Brexit, Ireland's central bank governor said on
    * INSURERS: New European Union capital rules treat insurers like traders
making risky short-term bets and require them to set aside too much capital,
trade body Insurance Europe said on Wednesday. 
    * ROAMING CHARGES: The European Union clinched a preliminary deal early on
Wednesday to cap wholesale charges telecom operators pay each other when their
customers use their mobile phones abroad, paving the way for the abolition of
roaming fees in June. 
    * ENERGY DEALS: A sharp pick up in deal-making in the oil and gas sector in
recent weeks has scope to accelerate as oil prices recover, advisory company EY
said in a report. 
    * UK SHOP PRICES: January discounts dragged on British shop prices last
month but cost pressures linked to the decision by voters to leave the European
Union gathered steam, an industry survey showed on Wednesday. 
    * OIL: Oil dipped on Wednesday, weighed down by ongoing high supplies
despite an OPEC-led production cut, but prices remained within a narrow trading
band that has been in place since late January. 
    * GOLD: Gold held steady on Wednesday after hitting a one-week high in the
previous session, as traders waited to see if the U.S. Federal Reserve will keep
its interest rates unchanged amid uncertainty over the policies of President
Donald Trump. 

    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)
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