UK Stocks-Factors to watch on Aug. 23

UK Stocks-Factors to watch on Aug. 23

Aug 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures .FFIC1 down 0.17%.

* ANTOFAGASTA: Antofagasta Plc's ANTO.L Twin Metals subsidiary sued the Biden administration on Monday in a bid to reverse the cancellation of mineral leases for the company's proposed copper and nickel mine in northern Minnesota.

* BRITISH AIRWAYS: British Airways would make further cancellations up to the end of October and tweak its winter schedule, the airline said on Monday, following Heathrow airport's decision to cap capacity to tackle widespread disruption.

* UNILEVER: A U.S. judge on Monday rejected Ben & Jerry's attempt to stop its parent Unilever Plc ULVR.L from allowing its ice cream to be sold in the Israeli-occupied West Bank, which Ben & Jerry's said undermined its values.

* OIL: Oil rose as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline.

* GOLD: Gold prices edged higher as the dollar pulled back slightly, but mounting worries over aggressive U.S. rate hikes to control soaring inflation kept bullion near a one-month low.

* METALS: Most base metals rose as an energy crisis in Europe and China stoked supply worries, but gains were capped by concerns over global economic weakness and interest rate hikes.

* London stocks fell on Monday with the midcap index closing at its lowest level in more than a month on increasing jitters about a worsening cost-of-living crisis and aggressive interest rate hikes by major central banks to combat it.



HY Results Group

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


> Financial Times

> Other business headlines

Reporting by Prerna Bedi in Bengaluru