January 3, 2018 / 5:13 AM / a year ago

UK Stocks-Factors to watch on Jan 3

    Jan 3 (Reuters) - Britain's FTSE 100 index is seen opening up 2
points at 7,649.6 on Wednesday, according to financial bookmakers.
    * ICAG: A group representing airline passengers has taken legal action to
shift insolvency proceedings for budget airline Niki to Austria from Germany, in
a move that could endanger the sale of the Air Berlin unit to Britain's
    * RYANAIR: Ryanair recently applied for a British air operating
licence in a move it said on Tuesday may be required to keep its small domestic
UK service operating in the event of a hard Brexit.
    * UBS/FCA: A former junior UBS trader, who is challenging a plan by
Britain's regulator to ban him from financial services over Libor-related
conduct, is alleging in a London court this week that his actions were
sanctioned and mandated by managers.
    * The UK blue chip index ended the session 0.5 percent lower at 7,648.10
points on Tuesday, slightly underperforming European peers, with dollar-earning
exporters hit hardest as sterling rose.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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 (Reporting by Rahul B in Bengaluru)
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