UK Stocks -- Factors to watch on July 22

LONDON, July 22 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 28 to 34 points lower on Tuesday, according to financial bookmakers, after results from U.S. companies disappointed investors.

American Express (AXP.N), Apple (AAPL.O) and Texas Instruments TXN.N posted weaker-than-expected results after the bell.

Overnight U.S. stocks slipped as oil turned higher after last week's sharp drop and Merck & Co (MRK.N) and Schering-Plough SGP.N hurt the pharmaceuticals sector.

The UK blue-chip index closed up 27.9 points, or 0.5 percent, at 5,404.3 on Monday. The FTSE 100 has fallen more than 16 percent so far this year.

Capital Economics said UK banks could be forced to rein in lending by as much as 180 billion pounds, the equivalent of 13 percent of economic output, to shore up their balance sheets, the Daily Mail reported.

The Guardian said companies could be required to prepare a blueprint for an emergency cash call under proposals being drawn up by the City authorities to prevent a return of the HBOS HBOS.L rights issue flop. * US shrs slip on oil, drugs; Apple, Amex drop late[nN21457455] * Nikkei rises on trading firms but techs hurt [nT172164] * Asia stocks dip on slowing consumer demand [nL22855428] * Dollar steady but capped by financial concerns [nT287343] * Oil eases as Dolly unlikely to hit U.S. production [nSP30549] * Gold above $960 on dlr, platinum hits 2-mth low [nSP218707]

UK stocks to watch on Tuesday are:

HSBC (HSBA.L)

HSBC, whose $6.3 billion bid to buy Korea Exchange Bank (004940.KS) has stalled over a legal saga, pledged on Tuesday to keep KEB listed and name local directors if the acquisition goes through. [ID:nSEO266879]

HBOS HBOS.L

Morgan Stanley and Dresdner Kleinwort, which underwrote HBOS's 4 billion pounds rights issue, will own almost 10 percent of the banking group after the capital raising was shunned by investors, the Daily Telegraph said.

VODAFONE (VOD.L)

The mobile phone giant is due to issue its trading update.

PARAGON (PARA.L)

Paragon, the struggling buy-to-let mortgage lender, is in talks with Blackstone about a potential takeover, which shows the U.S. private equity group may be ready to call the bottom of the credit crisis, the Financial Time said.

DETICA DCA.L

A bidding war was looming for Detica, the security technology company, last night after its shares rose by almost a third to 401-1/2 pence, valuing the business at 465 million pounds, the Times said.

WOLSELEY (WOS.L)

Wolseley, the embattled building materials distributor, has followed up last week's profits warning with a management reshuffle as it struggles to stay within its banking covenants, the Financial Times said.

ENTERPRISE INNS (ETI.L)

The company is due to issue its trading update.

SEVERN TRENT (SVT.L)

The water company is due to issue its trading update.

GREAT PORTLAND ESTATES (GPOR.L)

The property firm is due to issue its trading update.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Dominic Lau)