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UK Stocks-Factors to watch on August 25

UK Stocks-Factors to watch on August 25

- Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futuresFFIc1 up 0.1%.

* SHELL: British energy producer Shell SHEL.L has shelved its Aphrodite offshore natural gas project in Trinidad and Tobago after failing to reach commercial terms with Trinidad's National Gas Company [RIC:RIC:NGCTT.UL], three people familiar with the decision told Reuters on Monday.

* MELROSE INDUSTRIES: A district attorney in the U.S. state of California said on Monday the office has ended a criminal probe into a GKN Aerospace factory, which is owned by Melrose Industries MRON.L, and announced a claims program of up to $100 million for more than 50,000 nearby residents who left their homes in May due to a chemical incident at the plant.

* Metlen Energy & Metals: Greece's Metlen Energy & Metals MTLN.L said on Monday it would spin off its concessions and public-private partnership (PPP) business into wholly owned subsidiary M Concessions.

* AI DEFENCE PARTNERSHIP: Britain said on Monday it had signed a partnership with Ukraine to jointly develop artificial intelligence tools for defence and security, giving British researchers access to a Ukrainian battlefield data platform used to train military AI systems.

* LOW-RENT HOUSING PLAN: Britain's government announced details on Monday of almost £10 billion ($13.63 billion) in funding for the construction of lower-cost housing for renters with a focus on London, one of the areas hit hardest by the country's shortage of homes.

* COMMODITIES: Oil prices recovered ground on Tuesday after settling down more than 2% in the previous session, Gold prices retreated after hitting their highest levels in more than three months earlier in the day, and Copper dipped.

* FTSE: The UK blue-chip index .FTSE edged higher on Monday, rising 0.4% to 10,854.32 points as miners helped offset geopolitical tensions.

* UK CORPORATE DIARY:

Hochschild Mining

HOCM.L

HY results

SMMT Car Manufacturing data

July

* 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


(Compiled by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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