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UK Stocks-Factors to watch on Jan 13
Published at 13/01/2021 at 06:31

Jan 13 (Reuters) - Britain's FTSE 100 index is seen opening 11 points higher at 6,765 on Wednesday, according to financial bookmakers.

* RIO TINTO: Members of the San Carlos Apache tribe in Arizona said on Tuesday they have sued the Trump administration to block a pending land swap that would give Rio Tinto the land it needs to build its Resolution Copper project.

* Morrisons: Morrisons said it will become the first British supermarket group to pay all its store staff at least 10 pounds ($13.62) an hour.

* Premier Oil: Premier Oil shareholders on Tuesday voted in favour of a reverse takeover of private equity-backed Chrysaor to create the British North Sea's biggest oil and gas producer in which Premier shareholders will hold about 5.5%.

* GOLD: Gold edged higher as the U.S. dollar and Treasury yields pulled back, and the prospect of massive U.S. fiscal stimulus boosted the metal's appeal as an inflation hedge.

* OIL: Oil prices gained more than 1% with U.S. crude rising for a seventh day, after industry data showed a bigger than expected drop in inventories and investors shrugged off worsening developments in the pandemic.

* The UK blue-chip index closed 0.7% lower on Tuesday as worries about increasing cases of COVID-19 and its impact on the economy coupled with a stronger pound overshadowed a set of upbeat earnings forecasts.

* UK CORPORATE DIARY:

Pagegroup Plc Q4 trading statement

Persimmon Plc Trading statement

ASOS Plc Trading statement

Pharos Energy Plc Q3 trading and operations update

Big Yellow Group Plc Q3 trading statement

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Priyanshi Mandhan in Bengaluru)

((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;))