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UK Stocks-Factors to watch on July 27
Published at 27/07/2021 at 06:20

July 27 (Reuters) - Britain's FTSE 100 index is seen opening 3 points lower on Tuesday, according to financial bookmakers.

* RIO TINTO: Miner Rio Tinto said on Monday it planned to cut production at its BC Works aluminium smelter in Kitimat, Canada to 35% following a strike initiated by the Canadian union Unifor after negotiation talks failed.

* GLENCORE: A former U.K.-based trader for Glencore Plc

pleaded guilty on Monday over what U.S. prosecutors called his role in a scheme to bribe officials in Nigeria in exchange for favourable contracts from that country's state-owned oil company.

* ULTRA ELECTRONICS: The UK government is closely monitoring Cobham's takeover bid of British defence group Ultra Electronics

, a government spokesperson told Reuters.

* GOLD: Gold traded in a tight range, pinned below the $1,800 psychological level, as investors focused on this week's Federal Reserve meeting for clues about when the central bank might rein in its easy monetary policies.

* OIL: Oil prices were steady with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.

* London's FTSE 100 index ended flat on Monday as weakness in healthcare stocks and a stronger pound offset gains in commodity-linked shares.

* UK CORPORATE DIARY:

Reckitt HY results

FirstGroup FY results

International Personal Finance HY results

Virgin Money UK Trading update

Polymetal International Q2 production

Croda International HY results

Unite Group HY results

Robert Walters HY results

Vivo Energy HY results

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Shanima A in Bengaluru)

((shanima.a@thomsonreuters.com ; (Within UK +44 20 7542 1810; Outside UK +91 80 6182 2587; Direct: +91 77 6034 7399))