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UPDATE 1-UK Stocks-Factors to watch on Aug. 23

Fri, 23rd Aug 2019 07:46

Aug 23 (Reuters) - Britain's FTSE 100 index is seen opening 28points higher at 7,156 on Friday, according to financial bookmakers, withfutures up 0.7% ahead of the cash market open.

* GLAXOSMITHKLINE : The British drugmaker said its experimentalcancer treatment belantamab mafodotin met the main goal of a study in patientswith a type of blood cancer.

* RBS: Britain's competition watchdog has ordered Royal Bank of Scotlandand Santander to appoint auditors to check how they remindcustomers affected by payment protection insurance (PPI) mis-selling.

* EDDIE STOBART LOGISTICS: Eddie Stobart Logistics Plc said ChiefExecutive Officer Alex Laffey would step down immediately and has applied tosuspend its shares from trading after it failed to publish its half-year resultsin time.

* BT GROUP: Britain's BT Group Plc is in talks to sell its corporatebusiness in Ireland to London-based Mayfair Equity Partners, a Sky News reportertweeted on Thursday.

* ENTERTAINMENT ONE: U.S. toymaker Hasbro Inc will buy EntertainmentOne Ltd for about $4 billion in cash, adding the independent studio withpreschool brands such as Peppa Pig to the U.S. company known for Nerf and PowerRangers, the companies said on Thursday.

* SHELL: Royal Dutch Shell has restarted the coker at its225,300-barrel-per-day (bpd) Norco, Louisiana, refinery, sources familiar withplant operations said on Thursday.

* OIL : Oil prices clawed back the previous day's losses on Friday, withBrent nudging above $60 a barrel, as tighter supplies from key producers offsetslowing demand growth and investors await clues on the U.S. Federal Reserve'smonetary policy.

* GOLD: Gold eased and was set for its worst week in nearly five months, aslack of clarity from U.S. Federal Reserve on the outlook for interest rate cutstriggered investors to cash in some gains ahead of Jerome Powell's speech atJackson Hole.

* London's FTSE 100 fell 1.1%, on Thursday as the latest signals from theU.S. Federal Reserve dampened hopes of hefty interest rate cuts, while exporterstocks slipped as the pound rose after German Chancellor Angela Merkel'scomments on the Brexit deal.

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines(Reporting by Shanima A in Bengaluru)

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