UK Stocks-Factors to watch on Oct 17

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UK Stocks-Factors to watch on Oct 17
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Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down by 10-14 points, or 0.1-0.2 percent lower on Monday, according to financial bookmakers.

* The UK blue chip index closed up 0.5 percent on Friday at 7,013.55, with grocer Tesco TSCO.L recovering and mid-cap Man Group EMG.L surging after a strong trading update. SHELL: The widow of a Nigerian activist is planning to sue Royal Dutch Shell RDSa.L in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show. RBS: Royal Bank of Scotland RBS.L said late on Friday its debit cards are now working normally after customers experienced problems across Britain earlier in the day, in the latest apparent glitch to hit the bank's IT systems. BARCLAYS: Britain's Serious Fraud Office is questioning former and senior managers at Barclays Plc BARC.L , as the fraud agency steps up its probe into whether the British bank's senior bankers allegedly ordered the low-balling of the London interbank offered rate, the Financial Times reported on Sunday.

* UK CONSUMERS: British consumers were their most confident in five years in September, a survey showed on Monday, but the upbeat mood was not shared in London where most voters opposed leaving the European Union in June's Brexit referendum. UK ECONOMY: Bank of England Governor Mark Carney said on Friday the British economy had performed a bit better than the central bank expected and the BoE would also have to take inflation considerations into account. UK ENERGY: Britain should support large-scale electricity storage schemes to help make intermittent renewable energy sources such as wind and solar power available around the clock, a parliamentary committee report said on Saturday. UK PROPERTY: Commercial property auctions are proving an unlikely bright spot in Britain's real estate market where a steep drop in sterling has attracted overseas buyers and local investors are as yet unfazed by potential fallout from Brexit. BREXIT: Bank of England Deputy Governor Ben Broadbent said the pound's fall after Britain voted to leave the European Union has acted as an important shock absorber for the economy, in a radio interview broadcast on Monday. BREXIT: Britain needs to focus its efforts on the banking sector when negotiating new financial trading terms with the EU as the benefits of unfettered access across the industry as a whole have been overplayed, think tank Open Europe said in a report on Monday. BREXIT: British lawmakers from across the political spectrum will press their bid to force Prime Minister Theresa May to give parliament a vote on her negotiating strategy for leaving the EU, saying she had no mandate for a "hard Brexit". BREXIT: French President Francois Hollande said on Saturday that Britain's decision to leave the EU should not jeopardise the bloc's principle of free movement. German Chancellor Angela Merkel said on Saturday that Britain could not get concessions on the freedom of movement while retaining full access to the European single market, or other countries would want the same. BREXIT: British Prime Minister Theresa May will lead a delegation of small and medium-size businesses to India in November as part of efforts to bolster trade with countries outside the EU. COPPER: London copper held above a one-month low on Monday after remarks by the Federal Reserve chair suggested the U.S. central bank may stick with loose monetary policy for longer, which shored up investor appetite for commodities. OIL: Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


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