UK Stocks-Factors to watch on January 9

Reuters
Jan 09
UK Stocks-Factors to watch on January 9

Jan 9 (Reuters) - * Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.2%.

* GLENCORE: Rio Tinto RIO.L is in early talks to buy Glencore GLEN.L, in what could create the world's largest mining company with a combined market value of nearly $207 billion.

* ANGLO AMERICAN: The proposed merger of Anglo American AAL.L and Teck Resources TECKb.TO is heading for antitrust clearance in Europe, according to a European Commission filing.

* ANTOFAGASTA: The Trump administration and U.S. Congress are launching a plan this week to overturn former President Joe Biden's mining ban in northern Minnesota. The move will benefit Antofagasta's ANTO.L Twin Metals copper, cobalt and nickel project.

* GSK: AnaptysBio ANAB.O has filed a partial motion to dismiss a claim by GSK's GSK.L oncology unit, which alleges the biotech breached their contract for cancer drug Jemperli.

* OIL: Oil prices rose for a second day, set for their third weekly gain, on uncertainty about the future of Venezuelan supplies and as Iranian unrest increases concerns about output there.

* METALS: Copper and nickel are poised to end the week higher, despite a recent selloff as investors booked profits.

* GOLD: Gold fell as commodity index readjustments and a firm dollar kept pressure on prices, with investors positioning ahead of crucial U.S. non-farm payrolls data.

* FTSE: London's FTSE 100 was little changed on Thursday as weakness in oil and retailers was offset by rising defence and financials stocks, with the rally in British equities taking a breather after hitting a record high earlier this week.

* UK CORPORATE DIARY:

J Sainsbury PLC

SBRY.L

Q3 Trading Update

Unite Group PLC

UTG.L

Q4 Trading Update

* 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 Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))

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