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UPDATE 1-Sainsbury's sinks but Lloyds, trade hopes support FTSE 100

* Flybe soars on alternate financing proposal (Adds company news items, analyst comment, updates share moves)

Eskom rescue package focus for South Africa's budget

CAPE TOWN, Feb 20 A rescue package for Eskom, South Africa's most important state firm, is expected to dominate Finance Minister Tito Mboweni's budget speech on Wednesday, with the struggling power utility at risk of collapse without a large bailout.

Markets, Energy, Utilities, Bonds 4:46am EST

Glencore traded oil volumes down 17 pct in 2018

* Glencore's overall traded oil volumes fell 17 percent year-on-year in 2018 to 4.66 million barrels per day (bpd), according to the mining and trading firm's annual results

FTSE 100 rises on Lloyds, Glencore's plans to return cash

Feb 20 Britain's FTSE 100 rose on Wednesday as Lloyds and Glencore gained after promising to return cash to shareholders, but Sainsbury's slumped after regulators objected to its takeover of Walmart's Asda.

China's capital Beijing vows air quality improvement but gives no target

BEIJING, Feb 20 China's capital city Beijing has pledged to improve air quality this year but did not commit to a specific target, suggesting the country's air-pollution campaign is stalling as the easily attainable measures have already been taken.

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