* Britain's FTSE 100 index is seen opening flat on Friday, according
to financial bookmakers. For more on the factors affecting European stocks,
* The FTSE 100 index closed down 15.58 points, or 0.3 percent, at 5,776.05
on Thursday, pulled down by cyclical stocks sensitive to risk sentiment, such as
energy, banks and mining, as mixed earnings reports combined with concerns about
the euro zone's economy and debt troubles to weigh on sentiment.
* On the macro economic front, UK trade data is due out at 0930 GMT, while
in the U.S. import and export prices are set for release at 1330 GMT and
sentiment data and inflation figures are both expected at 1455 GMT.
* There were mixed signals for the mining sector after China's annual
industrial output growth quickened more than expected in October and fixed asset
investment also ticked higher, cementing investors' expectations of a modest
rebound in the final three months of 2012, which also helped lift metal prices.
* China's annual consumer inflation eased to its slowest pace in nearly
three years in October, official data showed on Friday, giving policymakers
scope to further loosen monetary policy if needed to support growth in the
world's second-biggest economy.
* However, pressure will remain on the mining sector after Australian shares
eased, weighed down by miners with investors fretting about U.S. fiscal woes and
the global economic outlook, though the market trimmed earlier losses on bargain
hunting and ended flat for the week.
* The International Monetary Fund on Thursday urged the United States to
quickly reach an agreement on a permanent fix to avoid automatic tax hikes and
spending cuts early next year, saying a stop-gap solution could be harmful to
the global economy.
* LONMIN : The platinum miner will price its $800 million rights
issue at around a 45 percent discount on Friday, according to three people
familiar with the matter, representing the top of its expected range.
* BP : The U.S. state of Alaska will collect $255 million related to
the oil major's pipeline leaks and a resulting shutdown in 2006 in the Prudhoe
Bay oilfield, drawing a line under an accident that contributed to the British
company's U.S. troubles. BP's share is $66 million.
BP and lawyers representing over 100,000 individuals and businesses claiming
economic and medical damages from the 2010 Gulf of Mexico oil spill on Thursday
urged a U.S. judge to approve a proposed $7.8 billion class-action settlement.
HSBC : British tax authorities have obtained details of every
British client of HSBC in Jersey after a whistleblower secretly provided a
detailed list of names, addresses and account balances earlier this week,
according to the Telegraph.
* TATE & LYLE : The British maker of sweeteners and starches said
quality problems with the U.S. corn harvest, primarily due to aflatoxin, the
byproduct of a grain fungus, were raising costs and forcing changes to the
firm's buying program.
* UK CORPORATE DIARY:
LONMIN issues full-year results.
ROLLS-ROYCE reveals a trading update.
HAMMERSON releases its third-quarter trading update.
BEAZLEY issues a third-quarter trading update.
GALLIFORD TRY hosts its AGM.
HORNBY posts first-half results.
RENTOKIL INITIAL unveils a tradaing update.
TULLETT PREBON posts a third-quarter trading update.
XCHANGING releases a third-quarter trading update.
TODAY'S UK PAPERS
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