(Adds company news items and futures)
Aug 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 1
point at 7,173 on Wednesday, according to financial bookmakers, with futures
FFIc1 up 0.1% ahead of the cash market open.
* GLENCORE: Glencore Plc GLEN.L reported a 32% drop in first-half core
profit and confirmed it was planning to put its Mutanda mine in the Democratic
Republic of Congo into temporary care and maintenance by year end. * L&G: British insurer Legal & General LGEN.L posted an 11% rise in
first-half operating profit driven by a increase in bulk annuity deals and
positive flows at its asset management unit. * PHOENIX: Insurer Phoenix PHNX.L reported a surge in first-half profit as
it bought out more British corporate pension schemes, but warned that the money
coming into its open book business had been reduced by Brexit-related worries.
* HSBC GLOBAL ASSET MANAGEMENT: HSBC Global Asset Management has appointed
Nicolas Moreau as its new chief executive, the firm said in a statement on
Tuesday, adding that he will join the $500 billion business in September.
* OIL: Oil prices steadied on Wednesday after falling at the start of the
session, with the potential for damage to the global economy and fuel demand
from the intensifying Sino-U.S. trade dispute continuing to cast a shadow over
the market. * GOLD: Gold prices touched a more than six-year high on Wednesday, as the
trade war between China and the United States showed no signs of abating,
boosting the appeal of safe-haven assets. * The UK blue chip index closed down 0.7% at 7171.69 points, bringing its
losses to more than 5% since U.S. President Donald Trump announced more tariffs
on Chinese exports, while poor results sent Rolls-Royce tumbling. * For more on the factors affecting European stocks, please click on:
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