UK Stocks - Factors to watch on June 6

LONDON, June 6 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening
up 33-36 points on Friday, according to financial bookmakers, having closed 25.2
points, or 0.4 percent higher at 5,995.3 in the previous session.
UK traders are expected to track U.S. stocks higher, after U.S. markets
notched their highest daily percentage change in over a month. Japan's Nikkei
.N225 rose over 1 percent.

Commodity shares may also feature, after U.S. crude CLc1 extended gains to
$128 a barrel -- its biggest ever one-day rise in the previous session -- as the
dollar weakened.

On the economic calendar, investors will eagerly await the U.S. non-farm
payroll data due from 1230 GMT. The median of forecasts from analysts polled by
Reuters is for the number of U.S. nonfarm payrolls to have shrunk by 58,000 last
month from a contraction of 20,000 in April.

"For many today, the data point that will hold the bulk of the direction and
will likely dictate where equities end the week is the non-farm payroll
reading," said Matt Buckland, a trader at CMC Markets. "Any positive surprises
here could be interpreted as the US having avoided recession, so expect further
volatility in markets to follow here."

With very little on the corporate agenda, Royal Bank of Scotland (RBS.L)
will be in focus ahead of the deadline for its rights issue.

Also in the banking sector, European banks have suffered considerably more
losses because of the credit crunch than their U.S. rivals, even though the
turmoil was triggered by problems in the U.S. subprime mortgage market,
according to the Institute of International Finance, the Financial Times
reported.

The newspaper also said a panel of eminent City figures is to be brought in
to make the Bank of England more alert to looming financial trouble and help
avoid a repeat of the Northern Rock fiasco, under plans revealed by British
finance minister Alistair Darling.

* US STOCKS-Retailers, oil companies fuel market rally [ID:nN05403868]

* Nikkei up 1.6 pct, exporters lifted by weaker yen [ID:nT312130]

* GLOBAL MARKETS-Bonds down on inflation warnings, euro firm [ID:nSP269900]

* Oil rises above $128 after record surge on weak dollar [ID:nSP266509]

* FOREX-Euro holds gians after Trichet flags rate hike [ID:nT301323]

UK stocks to watch on Friday are:

SABMILLER (SAB.L)

U.S. antitrust authorities have approved SABMiller's plan to combine its
U.S. operations, the country's second largest, with number-three Molson Coors
Brewing Co (TAP.N), the Justice Department said on Thursday. [ID:nN05396437]

LAND SECURITIES (LAND.L)

Reclusive property billionaire John Whittaker has emerged as the source of a
260 million pound stake building in Land Securities, the UK's largest property
group, using an offshore company called Albright Investments, the Financial
Times said.

LLOYDS TSB (LLOY.L)

Lloyds TSB will take a 180 million pound hit to its first half figures as it
prepares to pay a multi-million dollar settlement for breaking U.S. rules on
dealing with individuals or companies from a blacklist of countries, reported
the Times.

MARKS & SPENCER (MKS.L)

Marks & Spencer faces another dispute with shareholders after lowering the
targets for payouts on the director incentive schemes, according to media
reports.

PRUDENTIAL (PRU.L)

Prudential is likely to stick to its current structure for the foreseeable
future, even as the insurer continues to draw more of its revenues from Asia,
according to a senior executive, the Financial Times said.

BRADFORD & BINGLEY BB.L

Bradford & Bingley directors sought to bolster support for the ailing
mortgage lender on Thursday night when they revealed the board purchased more
than half a million shares at a cost of more than 350,000 pounds, the Guardian
reported.

BAE SYSTEMS (BAES.L)

Britain's BAE Systems would face consequences if found guilty of having
violated U.S. anti-bribery laws in an arms sale to Saudi Arabia in the 1980s,
the Pentagon's top weapons buyer said on Thursday. [ID:nN05321786]

BP (BP.L)

The chief executive of British oil major BP, Tony Hayward, met on Thursday
with Gazprom (GAZP.MM) CEO Alexei Miller, Rosneft (ROSN.MM) chairman Igor Sechin
and First Deputy Premier Viktor Zubkov, a BP spokesman told Reuters.

PERSIMMON (PSN.L), INVENSYS (ISYS.L)

Engineer Invensys looks set to enter Britain's FTSE 100 .FTSE in a
quarterly index rejig later this month, while stricken housebuilder Persimmon
may drop into mid-cap territory, FTSE Group said on Thursday. [ID:nL05933884]

SCOTTISH & SOUTHERN ENERGY (SSE.L)

Moody's cuts Scottish & Southern Energy's backed senior unsecured rating to
A2 from A1. [ID:nWNA3871]

SIGNET (SIG.L)

The firm is due to announce its first quarter earnings and hold its annual
general meeting.

HORNBY (HRN.L)

The firm is due to announce its preliminary final earnings.

EASYJET (EZJ.L)

The company is due to release its May traffic figures.

PREMIER OIL (PMO.L)

The firm is due to hold its annual general meeting.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Michael Taylor)