UK Stocks-Factors to watch on Dec 16
Dec 16 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening little changed on Monday, with futures FFIc1 down 0.07%.
* ROYAL MAIL: The British government has approved Czech billionaire Daniel Kretinsky's 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services IDSI.L, the Financial Times reported.
* HSBC: Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC HSBA.L, claiming it failed to correctly respond to about 950 reports of customers losing close to a million dollars or more.
* THAMES WATER: British utility Thames Water said on Friday that it has proposed some changes to the terms of the funding at the heart of its rescue plan, with increased support from investors in its process to raise further equity.
* INEOS: China's CNOOC Ltd 600938.SS has sold its U.S. subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.
* LLOYD'S OF LONDON: Lloyd's of London [RIC:RIC:SOLYD.UL] members have set up a working party to examine the commercial insurance market's plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules.
* UK ECONOMY: British manufacturers have reported the sharpest loss of confidence since the start of the COVID-19 pandemic in the face of higher costs including tax increases by the new government, a group representing the sector said.
* UK HOUSING: Average asking prices for newly listed houses and apartments in Britain fell by 1.7% in December, but activity was robust for the time of year as movers aimed to complete sales before property purchase taxes rise in April, property website Rightmove said.
* UK TRADE: Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday as it seeks to deepen ties in the region and build its global trade links after leaving the European Union.
* OIL: Oil futures eased from their highest levels in weeks as traders took profit while waiting for a meeting of the Federal Reserve later this week for indication of further rate cuts.
* GOLD: Gold prices inched higher as investors anticipated a potential interest rate cut by the Federal Reserve this week, with focus on the central bank's language on rate cuts next year.
* METALS: London copper edged down after China's economic data showed a mixed recovery among different sectors, while a softer U.S. dollar lent some support.
* FTSE 100: Britain's FTSE 100 fell on Friday after data showed a surprise contraction in the country's gross domestic product in October.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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Reporting by Aby Jose Koilparambil in Bengaluru
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