LONDON Feb 3 Britain's FTSE 100 index
is seen opening lower on Monday, with futures falling
0.3 percent by 0733 GMT ahead of the cash market open.
* Sentiment is not set to be helped by more downbeat reports
from China, where the official Purchasing Managers' Index dipped
to 50.5 in January from December's 51, in line with market
* The UK benchmark closed down 28.01 points, or 0.4 percent,
at 6,510.44 points on Friday. It fell 3.5 percent in January,
its biggest monthly decline since last June and its worst
January since 2010.
* In terms of domestic economic data, UK Markit/CIPS
manufacturing PMI for January, set for release at 0928 GMT, is
expected to come in at 57.0, down from 57.3 in December.
* GLAXOSMITHKLINE : The company is set to unveil
plans to launch late-stage clinical trials on 10 new drugs over
the next two years, the Telegraph reported, without citing
* DEFENCE COMPANIES: Britain is close to placing its first
order for Lockheed Martin-built F-35 super-stealth jets,
Defence Secretary Philip Hammond said.
British companies such as BAE Systems and Rolls
Royce build 15 percent of each F-35 aircraft.
* BANKS: Britain's banking regulator should be given new
powers to limit the use and scale of the kind of sales-based
incentive schemes that led to Lloyds being fined record
sums for mis-selling products, an influential lawmaker has said.
* ROYAL BANK OF SCOTLAND : Ross McEwan, chief
executive of RBS, is to be called to a crunch meeting with the
Bank of England over the state-backed bank's capital position,
the Sunday Telegraph reported.
The newspaper understands that Mr McEwan is to meet the two
most senior staff at the central bank's Prudential Regulation
Authority (PRA) within the next fortnight. The meeting will
consider RBS's capital position in light of Mr McEwan's strategy
review, due to be unveiled on February 27.
* LLOYDS BANKING GROUP : The bank is preparing a new
offer of shares to the public and is in discussions with
regulators over resuming dividend payments in the second half of
* OCADO : The online grocery retailer is to proceed
with plans for a third distribution centre in the UK after its
tie-up with Morrisons got off to a promising start, the
Sunday Telegraph reported.
* RANDGOLD RESOURCES : The Africa-focused miner said
it produced record amounts of gold last year, but a lower gold
price meant earnings were below analyst expectations.
TODAY'S UK PAPERS
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