UK Stocks-Factors to watch on Oct 24

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Oct 24
Credit: © Reuters.

Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 11 points lower at 7,513.3 on Tuesday, according to Financial spreadbetters.

* RBS: Britain's financial watchdog is considering further action against Royal Bank of Scotland (RBS) RBS.L for its treatment of struggling companies during and after the financial crisis. BARCLAYS: Hedge fund Red Kite has filed a lawsuit against Barclays Plc BARC.L , alleging the bank manipulated the copper market to its advantage, causing the hedge fund to lose $850 million. LLOYS: Lloyds Banking Group LLOY.L opened a 500 million pound ($658 million) fund to help British businesses finance equipment on Tuesday, targeting small and medium-sized companies which banks froze out of credit following the financial crisis. RIO TINTO: A U.S. law firm has filed a class action suit against mining giant Rio Tinto RIO.AX , RIO.L , which is facing U.S. Securities and Exchange Commission (SEC) fraud charges stemming from an ill-fated investment in Mozambique coal mining. Copper: Three-month copper on the London Metal Exchange CMCU3 was steady at $7,098.50 a tonne by 0245 GMT, maintaining gains from the previous session. Declines among British banks and Mediclinic MDCM.L shares kept gains in check on the UK's main share index .FTSE on Monday, though engineering group GKN GKN.L was a bright spot. The FTSE 100 closed flat at 7,524.45 points, while the FTSE 250 .FTMC index of mid-range stocks, which hit a record high last week, retreated 0.1 percent. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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