UK Stocks-Factors to watch on Nov 24

Last Updated: Thu, Nov 24, 2016 12:00 hrs

Nov 24 (Reuters) - Britain's FTSE 100 index is seen opening down 4 points, on Thursday, according to financial bookmakers. * The UK blue chip index ended flat on Wednesday after a choppy day, with individual sectors diverging as finance minister Philip Hammond delivered the biggest economic update since Britain voted in June to leave the European Union. * BRITAIN BUDGET: Britain has ramped up its borrowing outlook by much more than expected after forecasters said its vote to leave the European Union would hurt the economy, giving the government only a little room to ease looming pressure on households and firms. * RIO TINTO: Rio Tinto on Thursday outlined plans to boost free cash flow by $5 billion over the next five years by sweating its assets harder while expanding in iron ore, copper and bauxite. * RIO TINTO: Rio Tinto Chief Executive Jean-S├ębastien Jacques said on Thursday that issues raised by the disclosure of payments in Guinea in 2011 were "very challenging", in his first public appearance since the scandal erupted. * RIO TINTO: Rio Tinto, would not hesitate to cut its iron ore production if that would help boost its free cash flow and the company is not chasing market share, its chief executive said on Thursday. * DEUTSCHE BOERSE/LSE: The finance chief of Deutsche Boerse warned on Wednesday rivals in the United States and China would become dominant if the German group's planned merger with the London Stock Exchange was blocked by European regulators. * BRITAIN AUTOS: Britain made fewer cars last month for the first time in more than a year, driven by slower domestic demand and prompting the industry's lobby group to renew its call for the government to maintain free trade as Britain leaves the European Union. * BRITAIN BONDS: Long-dated gilt yields rocketed on Wednesday after British finance minister Philip Hammond ramped up his forecasts for government borrowing in Britain's first budget update to count the cost of voting to leave the European Union. * STERLING: Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come. * BRITAIN IMMIGRATION: The British government will have to borrow an extra 16 billion pounds ($20 billion) over the next five years to make up for the impact of lower immigration following the Brexit vote, Britain's independent budget forecasters said on Wednesday. * LONDON COPPER: London copper and zinc prices pushed up on Thursday amid a wider rally in metals, with investors allocating more money to commodities in expectation of U.S. inflation and on signs of growing strength in the U.S. manufacturing sector. * EX-DIVS: Carnival, DCC, Johnson Matthey, Mediclinic, National Grid and Vodafone Group will trade without entitlement to their latest dividend pay-out on Thursday, trimming 7 points off the FTSE 100 according to Reuters calculations * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets * UK CORPORATE DIARY: Marston's Plc Full Year 2016 Earnings Release Euromoney Full Year 2016 Earnings Release Mothercare Plc Half Year 2017 Earnings Release Countrywide Plc Q3 Interim Management Statement Release PayPoint Plc Half Year 2016 Earnings Release Pets at Home Group Plc Half Year 2017 Earnings Release TODAY'S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * For Top News : http://topnews.reuters.com (Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)



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