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UK Stocks-Factors to watch on Aug 29
August 29, 2017 / 5:38 AM / 24 days ago

UK Stocks-Factors to watch on Aug 29

    Aug 29 (Reuters) - Britain's FTSE 100 index is seen opening down 35
points on Tuesday, according to financial bookmakers.
    
    * GLENCORE: Glencore on Monday said it was looking to sell a second
Australian coal mine, part of the Swiss-based resource giant's rethink on how it
deploys capital as its reins in debt and commodities prices rise.
    Separately, Zambian President Edgar Lungu has told Glencore's Mopani Copper
Mines (MCM) unit to accept higher electricity prices caused by the removal of
state energy subsidies, his spokesman said on Saturday.
    * SHELL: Royal Dutch Shell Plc said on Sunday no damage from Harvey
was seen to the Perdido production platform in the Gulf of Mexico by a U.S.
Coast Guard overflight.
    Separately, Shell said it was shutting the Deer Park, Texas, refinery and
chemical plant complex on Sunday due to Tropical Storm Harvey.
    Meanwhile, Brazil's Raízen Combustíveis SA is close to buying parent Shell's
Argentina gas station network for more than $1 billion, two people familiar with
the plan said.
    * PREMIER OIL: Premier Oil is in talks with UK government for
Falkland oilfield financing, Financial Times reported on Monday.(on.ft.com/2iAGlcq)
    * RESTAURANT GROUP: Restaurant Group is expected to post a steep
drop in half-year profits, Telegraph reported on Monday.(bit.ly/2iCiRnx)
    * BP: BP Plc said on Monday that its offshore oil platforms in the
U.S. Gulf of Mexico and its Texas City chemical plant remain online during
Tropical Storm Harvey.
    * BHP: Anglo-Australian mining giant BHP Billiton is considering
selling a 25 percent interest in its Canadian potash mine project, a stake that
could be worth close to $2 billion, people familiar with the matter told
Reuters.
    * BRITAIN ECONOMY: Optimism across Britain's services sector fell during the
three months to August, and companies felt the pinch from rising costs even
though new business largely held up, an industry survey showed on
Tuesday.
    * OIL: Flooding from tropical storm Harvey caused ongoing large-scale U.S.
refinery outages on Tuesday, while crude prices rose on the back of supply
disruptions in Colombia and Libya.
    * The UK blue chip FTSE 100 index closed 0.1 percent down at
7,401.46 points on Friday, as strength in banks and energy firms was not enough
to offset a drop in retailers, which fell back as concern over competition from
Amazon reared its head again.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
    
    * UK CORPORATE DIARY:    
 Bunzl PLC                  BNZL.L     Half Year 2017 Earnings Release
 Polymetal International    POLYP.L    Half Year 2017 Earnings Release
        
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 (Reporting by Siju Varghese)
  

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