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UK Stocks-Factors to watch on Aug 12

Published 12/08/2019, 06:32
Updated 12/08/2019, 06:40
© Reuters.  UK Stocks-Factors to watch on Aug 12
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Aug 12 (Reuters) - Britain's FTSE 100 .FTSE index is expected to open 34
points higher at 7,288 points, according to financial bookmakers.

* RBS: Royal Bank of Scotland RBS.L will name Alison Rose as chief
executive officer in coming weeks, succeeding Ross McEwan, Sky News reported on
Saturday. * SSE: British energy supplier SSE SSE.L said on Saturday it was in talks
with OVO Group about the sale of its energy retail arm which serves 5.7 million
households in Britain. * THOMAS COOK: Indebted travel group Thomas Cook Plc TCG.L is in advanced
talks with bondholders to raise 150 million pounds apart from the 750 million
pound rescue it was already negotiating with top shareholder Fosun Tourism
1992.HK , Financial Times reported on Friday. * RIO TINTO: Rio Tinto RIO.L , RIO.AX on Friday said it had moved a step
closer to the development of a new copper project in Arizona, one of the few new
major known deposits of the metal, with the potential to meet around a quarter
of U.S. demand.
* WOODFORD: Under-fire Neil Woodford leads a list of underperforming money
managers two months after his flagship fund was frozen, triggering anger among
investors and lawmakers. * OIL: Oil prices dipped on Monday amid worries about an economic slowdown
and the Sino-U.S. trade war, which have led to a cut in the growth outlook for
oil demand. * GOLD: Gold prices held steady in holiday-thin trade on Monday, holding
near the key $1,500 pivot, as uncertainties around Sino-U.S. trade war and
concerns of slowing global economic growth offered support.
* London's FTSE 100 slipped on Friday as a mix of worries over the
U.S.-China trade dispute and political turmoil in Italy weighed on heavyweight
banks and miners, while the mid-cap index fell after a surprise downturn in
Britain's economy last quarter. For more on the factors affecting European stocks, please click on:
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TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

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