UK Stocks-Factors to watch on August 26

Reuters
Aug 26
UK Stocks-Factors to watch on August 26

Aug 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.4%.

* BP: BP's BP.L 440,000-bpd refinery in Whiting, Indiana, is expected to be fully operational in the next 24 to 48 hours, industry monitor IIR said on Monday.

* HSBC: HSBC's HSBA.L Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces ongoing scrutiny from regulators over high-risk customers, the Financial Times reported on Sunday.

* OFWAT: Britain's water regulator said on Monday that it has written to six water companies requesting details on remuneration disclosed in their annual accounts as part of a review into compliance with rules prohibiting performance-related executive pay.

* COSTA: Coca-Cola KO.N is working with investment bank Lazard to review options, including a potential sale, of British coffee chain Costa, a source familiar with the matter told Reuters on Sunday.

* INFLATION: British shop prices rose this month by the most since March last year, potentially adding to the Bank of England's worries about how long the country's high inflation problem is likely to last.

* COMMODITIES: Oil prices edged down, gold rose to a two-week high, and copper prices rose across major exchanges on Tuesday.

* FTSE: Britain's FTSE 100 closed at an all-time high on Friday for a fourth consecutive session, as global stocks rallied after U.S. Federal Reserve Chair Jerome Powell hinted at an imminent rate cut.

* UK CORPORATE DIARY:

Bunzl

BNZL.L

HY results

* 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

(Compiled by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com;))

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