Oct 3 Britain's FTSE 100 index is seen opening up 15
points, or 0.2 percent higher on Monday, according to financial bookmakers.
* The UK blue chip index closed 0.3 percent lower on Friday at 6,899.33
points, as miners fell and financials stocks eased on uncertainty over Deutsche
Bank's financial health and as a spate of broker downgrades hit outsourcer
* BREXIT: Britain needs a new plan to balance the competing demands of
fixing its still-weak public finances and boosting the economy with
infrastructure spending following the vote to leave the European Union, finance
minister Philip Hammond is expected to say on Monday.
* BREXIT: Prime Minister Theresa May said on Sunday she would trigger the
process to leave the EU by the end of March, offering the first glimpse of a
timetable for a divorce that will redefine Britain's ties with its biggest
trading partner. The British government is talking to businesses to find out
what sort of deal they want from the exit negotiations, she said.
* GSK: GlaxoSmithKline will pay $20 million to settle civil charges
that it masked improper bribes to foreign officials in China on its books by
disguising them as legitimate travel, entertainment and marketing expenses, U.S.
regulators said Friday.
* NATIONAL GRID: Britain's energy regulator Ofgem said on Friday it has
granted National Grid approval to transfer its gas transportation license to its
new subsidiary National Grid Gas Distribution Limited (NGGD), which is set for
* GLENCORE: Swiss-based ARG International AG, the trading house set up by
Glencore Plc's former No. 2 aluminum trader Matt Lucke, is buying a
bankrupt smelter in the United States, its first acquisition since its founding
nearly three years ago.
* DEUTSCHE BANK: Deutsche Bank is throwing its energies into
reaching a settlement before next month's presidential election with U.S.
authorities demanding a fine of up to $14 billion for mis-selling
* U.S. RIGS: U.S. drillers in the third quarter added the most oil rigs of
any quarter since 2014, according to a closely followed report on Friday, but
the pace of additions has slowed as crude holds below $50 a barrel despite
OPEC's first plan in eight years to cut output.
* OIL: Oil prices fell away from $50 per barrel on Monday despite an
agreement last week by exporters to cut output, with traders doubting the step
was enough to rein in production that has exceeded consumption for the better
part of three years.
* BRITAIN EMPLOYMENT: British Prime Minister Theresa May ordered a review of
employment practices on Saturday, saying she wanted to ensure workers' rights
were protected under changing business models and a growing trend towards
flexible or self-employment.
* HOUSING: Britain launched a 5 billion-pound ($6.5 billion) homebuilding
stimulus package on Monday, including plans to borrow 2 billion pounds to help
address a long-term housing shortage that has become a major economic problem.
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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(Reporting by Vidya L Nathan in Bengaluru; Editing by Amrutha Gayathri)