Oil and Gas

UK Stocks-Factors to watch on Aug. 25

Aug 25 (Reuters) - Britain's FTSE 100 index is seen opening down 13
points, or 0.2 percent lower on Thursday, according to financial bookmakers.
    * The UK blue chip index closed down 0.5 percent at 6,835.78 points on
Wednesday, underperforming its European peers, as a sharp drop in metals prices
put pressure on the mining sector and South Africa-exposed stocks fell as the
rand slipped. 
    * BHP BILLITON: Samarco Mineração SA, the Brazilian iron ore joint venture
that halted operations after a dam burst last year, plans to seek bondholder
consent to change terms on $2.2 billion of securities or pursue an exchange
offer, two people with knowledge of the situation said on Wednesday.
    * OIL REFINERS: Oil refiners reeling from tumbling profits can expect some
reprieve in the coming weeks as lower production will tame a huge global excess
of gasoline and diesel. 
    * MILLENNIUM & COPTHORNE: Hotel operator Millennium & Copthorne Hotels Plc
 said on Wednesday Chief Executive Aloysius Lee notified the board of his
impending resignation. 
    * SPORTS DIRECT: A powerful City group whose members manage assets worth a
staggering 14 trillion pounds will on Thursday take the unprecedented step of
publicly criticising corporate governance and working practices at Sports Direct
 International, Sky News reported on Wednesday.
    * SPORTS DIRECT: An employment agency that supplies warehouse workers to
Sports Direct has put itself on a collision course with Members of
Parliament after declining to amend evidence it gave at a parliamentary hearing,
the Times reported on Thursday.
    * LLOYDS: Lloyds Banking Group Plc boss Antonio Horta-Osorio has
broken his silence over allegations about his private life in a memo to staff
expressing his deep regret for any "damage done to the group's reputation", Sky
News reported on Thursday.
    * TESCO: Britain's biggest supermarket Tesco Plc is planning to
offer a new same day "click and collect" service on grocery orders at nearly 300
stores nationwide, Sky News reported on Thursday.
    * OIL: Crude prices dipped on Thursday as brimming U.S. and Asian fuel
inventories returned investor attention to a large global supply overhang,
cutting short a price-rally and restricting Brent crude futures to below the $50
a barrel mark. 
    * GOLD: Gold on Thursday held slightly above a four-week low touched in the
previous session as the dollar lost some strength ahead of a speech by Federal
Reserve Chair Janet Yellen that may yield clues on U.S. interest rate policy.
    * METALS: Three-month copper on the London Metal Exchange was
trading flat at $4,631 a tonne at 0040 GMT, following 1.7-percent losses in the
previous session when it fell to its weakest since July 24 at $4,622.50
    * EX-DIVS: Carnival Plc, Dixons Carphone Plc, Hammerson Plc
, London Stock Exchange Group Plc, Prudential Plc,
Taylor Wimpey Plc will trade without entitlement to their latest dividend
pay-out on Thursday, trimming 2.16 points off the FTSE 100 according to Reuters
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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    > Financial Times                      
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 (Reporting by Pranav Kiran in Bengaluru; Editing by Amrutha Gayathri)