UK Stocks-Factors to watch on Jan 17

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Jan 17
Credit: © Reuters.

Jan 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,735.3 on Wednesday, according to financial bookmakers.

* RIO TINTO: Rio Tinto Plc RIO.L on Tuesday said a U.S. regulator's lawsuit accusing the big Anglo-Australian mining company of fraud for overstating the value of Mozambique coal assets it had bought in 2011 should be dismissed.

INFORMA-UBM: Britain's Informa INF.L is in talks about a deal to buy events organiser UBM UBM.L for more than 3 billion pounds ($4.14 billion), rekindling plans from almost a decade ago to create a major business media and conventions group.

GKN-MELROSE: Any potential buyer of British engineering company GKN GKN.L should be aware of its billion pound-plus pension deficit, its pension trustees said on Tuesday, a day after Melrose MRON.L appealed directly to GKN investors to back its 7 billion pound takeover offer.

CARILLION: Carillion CLLN.L collapsed only days after Royal Bank of Scotland RBS) RBS.L , one of the British group's main lenders, tightened the terms of its funding, court documents show.

GOLD: Gold prices XAU= edged up on Wednesday, as the U.S. dollar slumped to three-year lows against a basket of currencies .DXY . OIL: Oil prices gave away earlier gains on Wednesday as analysts warned of a downward correction after prices have gained more than 13 percent over the past month. The UK blue chip FTSE 100 .FTSE index closed down 0.28 percent at 7,747.18 points on Tuesday, as oil and mining companies dragged the index, tracking energy and metals prices lower, after gaining earlier in the session on a fall in sterling.

* UK CORPORATE DIARY:

Pearson PLC

PSON.L

Trading Statement Release Burberry Group

BRBY.L

Q3 2018 Trading Statement Release Hochschild Mining

HOCM.L

Q4 2017 Production Results Release

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