UK Stocks — Factors to watch on Aug 23

LONDON, Aug 23 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index
is seen gaining on Monday, recovering in the wake of the previous session’s
decline, after U.S. stocks (Read more about the stock market today. ) closed on Friday off their lows, and with UK energy
stocks and miners likely to be supported by firmer commodity prices.

The UK blue chip index looks set to rise 15-17 points, or 0.3 percent,
according to financial bookmakers, after it closed down 16.01 points, or 0.3
percent, at 5,195.28 on Friday, its lowest close since July 20, on nagging
worries over the sustainability of the economic recovery.

U.S. stocks (Read more about the stock market today. ) slipped on Friday, but came off their lows as some investors
homed in on positive outlooks in the tech sector and used recent M&A news as an
excuse for late-day buying.

No significant domestic economic data is scheduled for release on Monday,
but later in the week, investors will look at the first revision of
second-quarter GDP on Friday.

Across the Atlantic, with no important economic data due out on Monday,
investors will wait for U.S. July existing home sales on Tuesday, U.S. July new
home sales on Wednesday, U.S. weekly jobless claims on Thursday, and U.S.
second-quarter preliminary GDP on Friday.

Investors in UK-listed mining stocks are likely to keep a close eye on the
situation in Australia, where financial markets bet on Monday that inconclusive
weekend elections would deliver a change of government, ushering in a new
minority conservative rule that would scrap a planned mining tax.
[ID:nSGE67M01G]

* GLOBAL-Japan stocks slip on yen worries; Aussie rebounds [ID:nTOE67M04E]

* US STOCKS-S&P, Dow fall for second week on recovery woes [ID:nN20159840]

* Nikkei edges down hurt by economy worries [ID:nTOE67M03R]

* TREASURIES-Late sell-off cools hot market before supply [ID:nLDE67M01K]

* FOREX-Dollar holds gains after climb; Aussie slides [ID:nTOE67M00D]

* Gold ticks up on econ worries, U.S. dollar weighs [ID:nSGE67M04S]

* Copper firms; dollar, economic uncertainties weigh [ID:nTOE67M01H]

* Oil rebounds from six-week lows as dollar slips [ID:nSGE67M035]

UK stocks to watch on Monday:

SABMILLER (SAB.L: )

Beverage giants SABMiller and Japan’s Asahi Breweries (2502.t: ) are eyeing
Foster’s Group’s (FGL.AX: ) beer operations but have not decided whether to make
formal offers, sources familiar with the situation said Monday. [ID:nSGE67M030]

VEDANTA RESOURCES (VED.L: )

Vedanta’s proposed acquisition of a majority stake in Cairn India (CAIL.BO: )
may be scuppered by India’s petroleum ministry, which wants state-owned Oil and
Natural Gas Corp (ONGC.BO: ) to be given a chance to buy the holding, the Mint
newspaper reported on Monday. [ID:nSGE67M03E]

Also, Vedanta is expected to receive a verdict from India’s Forest Advisory
Committee this week, which will determine whether the firm can continue with its
planned bauxite mine in India’s eastern state of Orissa, the Independent said.

ROYAL DUTCH SHELL (RDSa.L: )

French energy group GDF Suez (GSZ.PA: ) is interested in acquiring gas storage
assets in Germany worth around 1 billion euros ($1.3 billion) put up for sale by
Exxon Mobil (XOM.N: ) and Royal Dutch Shell, Le Figaro newspaper said on Saturday.
[ID:nLDE67K06X]

Also, Royal Dutch Shell and German chemicals maker BASF (BASF.DE: ) plan to
appeal a first instance Brazilian court ruling on health injuries related to
pollution at a former pesticide plant. [ID:nLDE67L045]

DANA PETROLEUM (DNX.L: )

The British oil explorer will press Korea National Oil Corp to drop its 1.87
billion pound ($2.9 billion) hostile takeover bid and raise the offer in return
for board recommendation, the Financial Times reported. [ID:nTOE67M00G]

LUMINAR (LMR.L: )

Britain’s biggest nightclub operator is planning to refinance its 90 million
pound ($139.9 million) net debt, even if it fails to pass Thursday’s test for a
breach of covenant, the Times said.

PSION (PON.L: )

The British hardware company has teamed up with U.S. start-up Hothead
Technologies to develop a helmet aimed at preventing American football players
suffering serious heat-related illnesses, the Daily Telegraph said.

PETROFAC LIMITED (PFC.L: )

The oil and gas services firm reports first-half results.

AMLIN (AML.L: )

The insurer reports first-half results.

BOVIS HOMES GROUP (BVS.L: )

The housebuilder reports first-half results.

LAMPRELL (LAM.L: )

The oil services firm reports first-half results.

HISCOX (HSX.L: )

The insurer reports first-half results.

IOMART GROUP (IOMG.L: )

The web hosting provider holds its annual general meeting.

KINGSPAN GROUP (KSP.L: )

The building materials group reports first-half results.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Tricia Wright)

UK Stocks — Factors to watch on Aug 23