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UPDATE 1-UK Stocks-Factors to watch on Dec. 19

Published 19/12/2019, 08:55
© Reuters.  UPDATE 1-UK Stocks-Factors to watch on Dec. 19

(Adds futures, updates news items)

Dec 19 - Britain's FTSE 100 .FTSE index is expected to open 14 points

higher at 7,555 on Thursday, according to financial bookmakers, with futures

FFIc1 down about 0.1% ahead of the cash market open.

* THOMAS COOK: Britain's Financial Reporting Council (FRC) has added an

extra year to its investigation into accountant EY's audit of Thomas Cook, the

holiday company that collapsed in September leaving tens of thousands of people

stranded abroad. * ROYAL BANK OF SCOTLAND: Royal Bank of Scotland RBS.L has cleared out the

top management team at its under-performing investment bank NatWest Markets, in

one of the first moves to shake up the state-backed bank's executive team by new

Chief Executive Alison Rose. * CENTAMIN PLC: Canada's Endeavour Mining Corp EDV.TO urged Centamin Plc

CEY.L to seek an extension for a deadline by which it needs to make a firm

offer to buy the London-listed miner. * STOCK SPIRITS: Western Gate Private Investments, second-largest investor

in Stock Spirits STCK.L , urged the vodka maker for a special dividend and a

review of the company's capital allocation, mergers and acquisitions, and

dividend policy. * WOODFORD: Veteran British money manager Neil Woodford is now looking to

expand his presence in China, a person familiar with the matter said on

Wednesday, months after he was forced to suspend his flagship equity fund.

* ANTOFAGASTA: Chile's Antofagasta ANTO.L said it had kicked off the

environmental permitting process for its $1.7 billion Twin Metals copper, nickel

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and platinum mining project in the United States after the Trump administration

overturned an Obama-era decision to protect a nearby wilderness area.

* HSBC: The banking arm of French mail operator La Poste LAPST.UL is

exploring a bid for HSBC HSBA.L France's retail activities as part of its

diversification efforts, sources with knowledge of the matter told Reuters.

* IAG: British Airways' parent company IAG ICAG.L urged Prime Minister

Boris Johnson and his new government on Wednesday to conduct an independent

assessment into Heathrow airport expansion plans. * BANKS: Bank of England Deputy Governor Sam Woods said on Wednesday he

would meet banks in the first quarter of 2020 to check on whether regulations

are hampering their ability to ditch the use of the Libor interest rate

benchmark. * EX-DIVS: Burberry BRBY.L and United Utilities UU.L will trade without

entitlement to their latest dividend pay-out, trimming 0.6 points off the FTSE

100 according to Reuters calculations * The UK blue-chip index added 0.2% on its sixth day of gains on Wednesday,

its longest winning streak since June. The index outperformed European peers

thanks to gains in exporter stocks, which benefited from a weaker pound and

helped overpower losses in domestically-exposed housebuilders. * 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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