UK Stocks-Factors to watch on Aug. 23
Adds new items
Aug 23 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.5%.
* OFGEM: British energy regulator Ofgem raised its price cap on household energy bills by 10% from Oct. 1 to an annual level of 1,717 pounds ($2,250.64), a jump blamed on severe weather events and conflicts such as the war in Ukraine.
* DIRECT LINE: Direct Line DLGD.L said a miscalculation had been identified within the British home and motor insurer's audited Solvency II own funds for the year ended 2023, resulting in a change in solvency capital ratio for the period.
* THAMES WATER: Britain's water regulator confirmed the implementation of commitments from struggling Thames Water to address its license violation after the loss of its investment grade credit ratings.
* ASTRAZENECA: AstraZeneca AZN.L has warned it could relocate its vaccine manufacturing site from the UK to the U.S. amid a deadlock with the new Labour government over plans to cut state aid, the Financial Times reported.
* OIL: Oil prices were little changed, on track to end the week lower, as downward revisions to U.S. employment data raised concerns over demand and renewed ceasefire talks in Gaza eased worries about supply disruptions.
* GOLD: Gold prices inched up but were set for a weekly decline after slipping from record highs as the U.S. dollar and Treasury yields rebounded ahead of Federal Reserve Chair Jerome Powell's speech that could give clues on interest rate cuts.
* METALS: Aluminium prices rose with the London contract set for its biggest weekly gain since mid-April on tight raw material supply and hopes of a U.S. rate cut next month.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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> Other business headlines PRESS/GB
Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru
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