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UPDATE 2-UK Stocks-Factors to watch on Aug. 23

Published 08/23/2019, 02:56 PM
Updated 08/23/2019, 02:56 PM
UPDATE 2-UK Stocks-Factors to watch on Aug. 23

(Adds news items, futures)
Aug 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 28
points higher at 7,156 on Friday, according to financial bookmakers, with
futures FFIc1 up 0.7% ahead of the cash market open.

* GLAXOSMITHKLINE : The British drugmaker GSK.L said its experimental
cancer treatment belantamab mafodotin met the main goal of a study in patients
with a type of blood cancer. * RBS: Britain's competition watchdog has ordered Royal Bank of Scotland
RBS.L and Santander SAN.MC to appoint auditors to check how they remind
customers affected by payment protection insurance (PPI) mis-selling.
* EDDIE STOBART LOGISTICS: Eddie Stobart Logistics Plc ESLE.L said Chief
Executive Officer Alex Laffey would step down immediately and has applied to
suspend its shares from trading after it failed to publish its half-year results
in time. * BT GROUP: Britain's BT Group Plc BT.L is in talks to sell its corporate
business in Ireland to London-based Mayfair Equity Partners, a Sky News reporter
tweeted on Thursday. * ENTERTAINMENT ONE: U.S. toymaker Hasbro Inc HAS.O will buy Entertainment
One Ltd ETO.L for about $4 billion in cash, adding the independent studio with
preschool brands such as Peppa Pig to the U.S. company known for Nerf and Power
Rangers, the companies said on Thursday.
* SHELL: Royal Dutch Shell RDSa.L has restarted the coker at its
225,300-barrel-per-day (bpd) Norco, Louisiana, refinery, sources familiar with
plant operations said on Thursday.
* OIL : Oil prices clawed back the previous day's losses on Friday, with
Brent nudging above $60 a barrel, as tighter supplies from key producers offset
slowing demand growth and investors await clues on the U.S. Federal Reserve's
monetary policy. * GOLD: Gold eased and was set for its worst week in nearly five months, as
lack of clarity from U.S. Federal Reserve on the outlook for interest rate cuts
triggered investors to cash in some gains ahead of Jerome Powell's speech at
Jackson Hole. * London's FTSE 100 fell 1.1%, on Thursday as the latest signals from the
U.S. Federal Reserve dampened hopes of hefty interest rate cuts, while exporter
stocks slipped as the pound rose after German Chancellor Angela Merkel's
comments on the Brexit deal. * 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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