UK Stocks-Factors to watch on Jan. 27

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Jan. 27
Credit: © Reuters.

Jan 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down by 11 points, or 0.2 percent on Wednesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on The UK blue chip index closed 0.6 percent up at 5,911.46 points on Tuesday, lifted by a rise in oil prices and a knock-on rally in mining stocks. RIO TINTO: Global miner Rio Tinto Plc RIO.L RIO.AX has agreed to sell one of its last remaining coal mines in Australia to a group owned by Indonesia's third-richest man, Anthoni Salim, continuing an exit from coal as it battles a sharp slump in prices. CLYDESDALE: National Australian Bank Ltd's NAB.AX shareholders voted in favour of a demerger of its UK arm Clydesdale Bank Plc IPO-CLBP.L , ahead of the planned listing of the latter on Feb. 8. ARM HOLDINGS: Apple Inc AAPL.O forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening. The update could impact European chipmakers such as ARM Holdings Plc ARM.L . OIL PRICES: Crude oil futures dropped around 2 percent on Wednesday, heading back towards $30 a barrel as profit-taking wiped out a chunk of the gains notched up in the previous session on hopes for output cuts. UK CORPORATE DIARY:

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