UK Stocks-Factors to watch on August 19

Reuters
08/19
UK Stocks-Factors to watch on August 19

Aug 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.17%.

* RIO TINTO: A U.S. appeals court on Monday temporarily blocked federal officials from completing a land transfer needed for Rio Tinto RIO.L and BHP BHP.AX to develop Arizona's Resolution Copper project.

* SHELL: Brazil's majority state-owned oil company Petrobras PETR3.SA has no planned investments in ethanol production or distribution of the fuel with Raizen RAIZ4.SA, which is a joint venture between Cosan CSAN3.SA and Shell SHEL.L, the company said in a statement late on Monday.

* SHEIN IPO: Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities' approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources. Shein has spent years attempting to list, first in New York and then in London.

* COMMODITIES: Oil prices slipped in early Asian trade on Tuesday, gold held steady and copper prices traded in a tight range, with traders staying cautious as mixed market signals cast a shadow on directions.

* FTSE: The UK blue-chip index .FTSE finished 0.2% up on Monday, propelled by gains in healthcare and defence stocks, while investors kept a watch on U.S.-brokered peace talks aimed at ending the Russia-Ukraine war.

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS> Financial Times PRESS/FT> Other business headlines PRESS/GB

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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