UK Stocks -- Factors to watch on July 28

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Tue Jul 28, 2009 2:02am EDT

 LONDON, July 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening
up to 7 points higher on Tuesday, according to financial bookmakers, extending
the winning run into a record 12th session.
 The FTSE 100 index closed up 9.52 points on Monday at 4,586.13, hitting its
highest closing level since Jan. 5 and equalling the record for 11 straight
session of gains last achieved from mid-December 2003 to early January 2004.
 The UK blue-chip index has risen 11 percent over the past two weeks on
reassuring U.S. corporate earnings results, and is up 32.5 percent since hitting
a six-year trough in March.
 On the economic front, investors are awaiting the CBI July distributive
trades survey, due at 1000 GMT.
 U.S. July consumer confidence will be a focus this afternoon.
 Consumer prices are beginning to stabilise in China and inflation could
bottom out at the end of the third quarter before rebounding, the statistics
department of the central bank said in a report on Tuesday. [ID:nPEK181856]
 
 * Asia stock rally pauses ahead of earnings        [ID:nLS508341]
 * Nikkei eases after 9 days of gains, banks up     [ID:nT179818]
 * Wall St ends up slightly in late rally           [ID:nN27544183]
 * FOREX-Euro holds firm vs dollar after data       [ID:nT179179]
 * New home sales, supply wave weigh on bonds       [ID:nLS504656]
 * Oil eases to $68 as Asian equities pause         [ID:nSP467909]
 * PRECIOUS-Gold holds above $950, ETF steady       [ID:nSP183792]
 * Copper retreats after hitting over 9-mo high     [ID:nMAN442772]
 
 UK stocks to watch on Tuesday are:
 
 BP (BP.L)
 The oil major issues second-quarter results.
 
 VODAFONE GROUP (VOD.L)
 The mobile phone operator holds its annual general meeting.
 Also, Verizon Wireless, a U.S. joint venture of Vodafone and Verizon (VZ.N)
asked a U.S. court for a judgment that its advertising claims to be "America's
Most Reliable 3G Network" were truthful, which rival AT&T  called "misleading"
on Monday. [ID:nN272618]
 
 LLOYDS BANKING GROUP (LLOY.L)
 Following his appointment as chairman of Lloyds Banking Group on Monday, the
former Citigroup chairman Sir Win Bischoff has backed the present chief
executive Eric Daniels, the future of whom has been in doubt ever since last
year's takeover of HBOS, which left Lloyds with around 50 billion pounds of bad
debts, The Guardian said.
 
 ROYAL BANK OF SCOTLAND (RBS.L)
 RBS is considering backing out of a one billion pound government scheme to
boost lending to cash-starved companies, The Times said.
 
 RESOLUTION (RSL.L)
 Resolution, the investment vehicle of Clive Cowdery, has threatened to drop
its bid interest in Friends Provident FP.L, after having its takeover approach
rejected for a third time, The Times said.
 
 NATIONAL EXPRESS (NEX.L)
 A potential takeover of National Express' rail franchise contracts could be
scuppered by the Transport Secretary Lord Adonis, who wishes to punish the
company's abandonment of its 1.4 billion pound east coast franchise by stripping
it of its other more profitable contracts, The Guardian said.
 
 RANDGOLD RESOURCES (RRS.L)
 Randgold says commencing global offering of 5 million new ordinary shares,
reports Q2 profit of $18.9 million, up from $13.1 million in Q1. [ID:nWEN1403]
 
 INFORMA (INF.L)
 The publishing and events group reports first-half results.
 
 PROVIDENT FINANCIAL (PFG.L)
 The emerging markets lender posts first-half results.
 
 PZ CUSSONS (PZC.L)
 The soap and shampoo maker reports full-year results.
 
 ARM HOLDINGS (ARM.L) 
 The chip designer posts second-quarter results.
 
 CRODA INTERNATIONAL (CRDA.L).
 The specialty chemicals firm posts first-half results.
 
 WOLFSON MICRO  (WLF.L)
 The chipmaker reports second-quarter results
 
 CHARLES STANLEY GROUP (CAY.L)
 The independent stockbroker holds its annual general meeting.
 
 RENSBURG SHEPPARDS RBG.L
 The investment management group holds its annual general meeting.
 
 IS PHARMA ISPHI.L
 The hospital medicines group holds an annual general meeting.
 
 SCAPA GROUP (SCPA.L)
 The adhesive films and tapes maker holds its annual general meeting.
 
 TOROTRAK (TRK.L)
 The transmission technology group holds its annual general meeting.
 
 TRANS-SIBERIAN GOLD (TSG.L)
 The resources company holds its annual general meeting.
 
 WORKSPACE GROUP (WKP.L)
 The small businesses landlord holds its annual general meeting.
 
 TODAY'S UK PAPERS
 > Financial Times                      [PRESS/FT]
 > Other business headlines             [PRESS/GB]
 (Reporting by Tricia Wright)






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