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MTLN — Metlen Energy & Metals News Story

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UK Stocks-Factors to watch on August 25 (updated)

UPDATE 1-UK Stocks-Factors to watch on August 25

Adds news items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futuresFFIc1 up 0.2%.

* THAMES WATER: British Prime Minister Andy Burnham has shelved plans to put struggling utility Thames Water into administration amid concerns about the cost and the legal risk involved, the Times reported.

* 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].

* MELROSE INDUSTRIES: A district attorney in the U.S. state of California said 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.

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

* AI DEFENCE PARTNERSHIP: Britain said it had signed a partnership with Ukraine to jointly develop artificial intelligence tools for defence and security.

* HOUSING PLAN: Britain's government announced details of almost £10 billion in funding for the construction of lower-cost housing for renters with a focus on London.

* COMMODITIES: Oil prices recovered ground 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.


* 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 and Megha Kumari in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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