UK Stocks-Factors to watch on Aug 14

Aug 14 (Reuters) - Britain's FTSE 100 index is seen opening up 17 points on Monday, according to financial bookmakers. * TELIT: Telit Communications intends to cut ties and end employment contract with CEO, Oozi Cats, following investigations on allegations of his links to a U.S. fugitive Uzi Katz, Financial Times reported on Monday. (http://on.ft.com/2fDQ9Bj) * CORNISH LITHIUM: British mining company Cornish Lithium has secured 1 million pounds ($1.30 million) to explore for l