UK Stocks-Factors to watch on July 16
July 16 -Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.2%.
* RIO TINTO: Global mining giant Rio Tinto RIO.L reported second-quarter iron ore shipments below analyst estimates reflecting impacts to production from a train derailment in mid-May.
* RIO TINTO: Rio Tinto said its massive African iron ore project in Guinea that it is jointly developing with a Chinese consortium has received all the regulatory approvals, including those from the local and Chinese governments.
* RIO TINTO: Rio Tinto said it has initiated a "coordinated shutdown" at the Iron Ore Company of Canada in Newfoundland and Labrador in response to an evacuation order issued by the local government over wildfires.
* SSE: French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle fast-charging market in Britain and Ireland by launching a joint venture named Source, the companies said.
* OIL: Oil prices slipped on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines.
* METALS: Copper prices fell weighed down by weak economic data from top consumer China and rising inventories in most global warehouses.
* FTSE: Britain's FTSE 100 closed lower on Monday, pressured by weaker commodity prices and U.S. political uncertainty, while shares of luxury retailer Burberry plunged to a 14-year low.
* UK CORPORATE DIARY:
Ocado | OCDO.L | HY results |
B&M European | BMEB.L | Q1 trading update |
McBride | MCB.L | Year-end trading update |
Petra Diamonds | PDL.L | FY operational update |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
Reporting by Prerna Bedi in Bengaluru
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