UK Stocks-Factors to watch on Nov. 29

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UK Stocks-Factors to watch on Nov. 29
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Nov 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening almost flat on Tuesday, according to financial bookmakers.

* The UK blue chip index closed down 0.6 percent on Monday at 6,799.47, as a rally sparked by Donald Trump's election as U.S. president appeared to falter with financial and energy shares showing the biggest declines, though gold miners and utilities rose. TESCO: Philip Clarke, the former chief executive of Tesco TSCO.L , will not face charges from the Serious Fraud Office (SFO) over the accounting scandal that rocked Britain's biggest retailer in 2014, his lawyer said on Monday. GLENCORE: Commodities trader Glencore Plc GLEN.L presented the highest bid in an auction for the sale of a distressed Brazilian sugar mill and is well positioned to take control of the plant, a source with direct knowledge of the process said on Monday. ROYAL DUTCH SHELL: Royal Dutch Shell RDSa.L is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal programme, industry sources said on Monday. LONDON STOCK EXCHANGE: CME Group Inc CME.O has submitted a bid to buy the London Stock Exchange 's LSE.L French clearing business for more than $340 mln pounds (400 million euros), the Sunday Times reported, setting the stage for a potential battle over the division. BT GROUP: BT Group Plc BT.L said Mike McTighe, former board member of Ofcom, has been appointed the first chairman of Openreach, BT's fixed network business. BP: Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for Dec. 5. The pre-qualified individual bidders include BP BP.L . BP: Italian oil and gas company Eni ENI.MI is in talks with various parties to cut its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said on Monday. BP BP.L has an option to buy 5 percent stake in the field. SIERRA RUTILE: Iluka Resources Ltd ILU.AX said on Tuesday it was delaying a planned 215 million-pound ($267 million) takeover of Sierra Rutile Ltd SRXR.L and could possibly call the deal off after raising concerns about mine tailings dams. UK STEEL: Tata Steel TISC.NS and Thyssenkrupp TKAG.DE are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry. UK ENERGY: Britain's biggest energy suppliers have submitted bids to take over 160,000 customers left behind by bankrupt energy provider GB Energy, which collapsed on Saturday after being caught out by rising market prices. BANK OF ENGLAND: The highly uncertain outlook for Britain's economy as the country prepares to leave the European Union means the Bank of England should keep interest rates on hold, one of the bank's top policymakers said on Monday. OIL: Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices. UK CONSUMER CONFIDENCE: British consumer morale edged up this month, bolstered by a strong labour market, despite rising concern about household finances, a survey showed on Tuesday. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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