REFILE-UK Stocks- Factors to watch on January 28

Jan 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.04%.

SHELL: Shell's SHEL.L challenge to its arbitration defeat to liquefied natural gas producer Venture Global VG.N centres on potential communications between the U.S. firm and independent engineer Lummus Consultants, a draft court hearing transcript seen by Reuters shows.

VETERINARY MARKET: Britain plans to overhaul the veterinary market with clearer pricing rules and a new licensing system to hold the sector to account after a surge in charges faced by pet owners in recent years, the government said.

OIL: Oil prices were mixed, with Brent down slightly but the U.S. contract edging higher as supply concerns grew after a winter storm disrupted crude output and halted Gulf Coast exports over the weekend.

METALS: Copper climbed after the U.S. dollar slid to its weakest in nearly four years.

GOLD: Gold broke through $5,200 for the first time as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision.

FTSE: London's FTSE 100 gained on Tuesday, led by HSBC and other heavyweight banking stocks, ahead of a packed week of corporate earnings and the U.S. Federal Reserve's rate decision.

UK CORPORATE DIARY:

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