UK Stocks-Factors to watch on Nov. 28

By Reuters / November 28, 2016 / in.investing.com / Article Link

Nov 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 5 points at 6,836 on Monday, according to financial bookmakers.

* The UK blue chip index closed 0.2 percent higher on Friday at 6,840.75, making its third straight week of gains as weakness in banking and mining stocks was offset by strength in pharma shares. BP: BP BP.L has agreed to buy 10 percent of Eni's ENI.MI Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market. ROYAL DUTCH SHELL: Royal Dutch Shell RDSa.L expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant's valuation. ANGLO AMERICAN: Global miner Anglo American Plc AAL.L halted all activity at its Los Bronces mine in Chile after hooded protesters seized installations early on Saturday in the second illegal occupation of the copper deposit this month, the company told Reuters. BARCLAYS: Three former Barclays BARC.L traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday. BARCLAYS: Barclays will combine its banking and investment services to be able to better compete against rivals, the Financial Times reported on Sunday. http://on.ft.com/2fTrPa5

* LADBROKES: Ladbrokes Coral Group LCL.L is looking to buy Australian bookie Tabcorp Holdings TAH.AX in a deal worth more than 2 billion pounds, the Telegraph reported on Sunday. ANTOFAGASTA: Antofagasta Minerals ANTO.L has sold its Michilla copper mine in Chile for $52 million to the local Haldeman Mining Company, it said in a press release on Friday. SANTANDER: Spanish bank Banco Santander SA SAN.MC will discontinue plans to split its UK operations in two to comply with regulation as it would make it easier to shift operations out of Britain because of Brexit, the Financial Times reported on Sunday. http://on.ft.com/2gwCSpx

* BREXIT: Bank of England Governor Mark Carney wants British businesses to retain access to the European Union's single market for two years after the country leaves the bloc, the Sunday Times reported, without citing sources. BREXIT: The European Parliament's top Brexit negotiator backed the idea of individual European Union memberships for Britons who want to stay in the bloc in an interview published on Saturday. UK SERVICES: Firms in Britain's large services sector reported a sharp fall in profits over the past three months due to higher costs and weak sales, the Confederation of British Industry said on Monday. ZINC: London Metal Exchange zinc surged to its highest in nine years on Monday and lead hit a five-year peak as a searing rally in metals gained steam on a softer dollar and inflation expectations. OIL: Oil prices regained some ground after steep losses made since Friday in choppy trading ahead of a planned producer meeting on Wednesday aimed at reining in global oversupply. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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