UK Stocks-Factors to watch on Aug 24

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

Aug 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening open 25 points higher at 6,027 on Monday, according to financial bookmakers.

* RIO: Rio Tinto (LON: RIO ) RIO.AX said its chief executive and two other board members would not receive a component of their short-term bonuses for 2020 following a review of the company's destruction of two ancient caves in Australia. OIL FIRMS: BP BP.L , Shell RDSa.L and Chevron Corp (NYSE: CVX ) CVX.N said on Friday they had begun evacuating offshore oil facilities, with two tropical cyclones heading toward the U.S Gulf of Mexico as the already active 2020 Atlantic hurricane season heats up further FB/TAX: British finance minister Rishi Sunak plans to drop a tax on technology companies such as Facebook FB.O and Google GOOGL.O because it does not raise much money and could hurt a push for a U.S. trade deal, the Mail on Sunday newspaper said. GOLD: Gold prices fell as risk sentiment improved after the U.S. drug regulator authorised the use of blood plasma from recovered COVID-19 patients as a treatment option. GOL/

* OIL: Crude oil prices remained steady as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production. O/R

* The British bluechip index ended lower on Friday and broader stocks lost for the week amid new concern over whether Britain could avoid a hard exit from the European Union by the year-end. UK CORPORATE DIARY:

Studio Retail Group STUS.L

FY Earnings Release Bunzl PLC

BNZL.L

HY Earnings Release

* For more on the factors affecting European stocks, please click on: LIVE/

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