UK Stocks-Factors to watch on Aug. 3

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Aug. 3
Credit: © Reuters.

Aug 3 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 23 points higher at 5,921 on Monday, according to financial bookmakers.

* RIO TINTO: Global miner Rio Tinto (LON: RIO ) Ltd RIO.AX said it has initiated proceedings against a unit of engineering contractor Monadelphous Group MND.AX over a fire that occurred last year at its iron ore processing facility. SHELL: Royal Dutch Shell's Australia unit RDSa.L said it will buy environmental services firm Select Carbon. HAMMERSON: Britain's Hammerson HMSO.L plans to raise some 800 million pounds ($1.1 billion) from a rights issue and the sale of its 50% stake in VIA Outlets, Sky news reported on Saturday. BRITISH AIRWAYS: British Airways pilots have accepted a deal that will temporarily cut pay by 20% and eliminate more than 200 jobs, the pilots' union said on Friday. RYANAIR: Ryanair RYA.I has initiated legal proceedings against Ireland, questioning the legality of travel restrictions that have kept a quarantine policy in place for all but 15 countries. OIL: Oil prices fell on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in fuel demand. GOLD: Gold prices surged to an all-time high as fears over an economic fallout from rising COVID-19 cases boosted demand for the safe-haven metal, although gains were capped by an uptick in the U.S. dollar. The UK blue-chip index .FTSE ended down 1.5% on Friday, after Britain postponed the easing of a coronavirus-induced lockdown as cases surged, raising fears that a nascent economic recovery may reverse. UK CORPORATE DIARY:

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