LONDON, Nov 4 (Reuters) - Britain's FTSE 100 index was seen opening down 13 to 17 points on Tuesday according to financial bookmakers, or as much as 0.4 percent, following a lacklustre session in the United States where investors traded cautiously in the last session before the U.S. election.
GLOBAL MARKETS-STOCKS DIP, DLR FLAT; MAY SEE US ELECTION BOOST
UK stocks to watch on Tuesday are:
RBS, HBOS, LLOYDS, SAINSBURY
Britain said the chairman of supermarket chain J Sainsbury, Philip Hampton, will oversee a new government holding company to own stakes in major high street banks, details of which were unveiled on Monday.
The British government is likely to become the largest shareholder in HBOS, RBS and Lloyds unless private investors show unexpected demand in upcoming share issues by the banks. John Kingman, will be chief executive of the new body, UK Financial Investments Ltd (UKFI).
Northern Rock, which was already nationalised, and part of Bradford & Bingley will also be owmed by UKFI.
RIO TINTO
The global miner sees no reason to cut its exploration portfolio or budget in Africa on the back of the global economic crisis that has hit metals prices, an official said on Monday.
(Reporting by Rebekah Curtis) TODAY'S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News visit http://topnews.reuters.com Keywords: MARKETS BRITAIN FACTORS
(rebekah.curtis@reuters.com; +44 20 7542 4365; Reuters Messaging: rebekah.curtis.reuters.com@reuters.net)
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