UK Stocks-Factors to watch on Sept 20
Adds new items, updates futures
Sept 20 (Reuters) -Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.7%.
* THAMES WATER: Struggling British utility Thames Water said it would start a formalsolicitation process to raise capital in the coming weeks and was in talks with its stakeholders to release cash reserves under its financing as a contingency plan.
* UK RETAIL: British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, official figures showed.
* BORROWING: British public borrowing was 13.734 billion pounds ($18.29 billion) in August, the Office for National Statistics said.
* M&G: M&G Investments sees attractive valuations in some longer-duration government bonds and non-U.S. equities, a multi-asset fund manager at the London-based firm said on Thursday.
* UK CONSUMER CONFIDENCE: British consumers have turned more pessimistic after warnings by new Prime Minister Keir Starmer about the economy and the public finances which might entail tax increases, according to a survey published on Friday.
* SCALED BACK PAY: British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing.
* OIL: Oil prices, whicheased, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles.
* GOLD: Gold hovered nearrecord levels and was on track for a weekly gain after the U.S. Federal Reserve's recent oversized interest rate reduction and on signs that further cuts were on the horizon.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
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($1 = 0.7510 pounds)
Reporting by Yamini Kalia and DhanushVignesh Babu in Bengaluru
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