CORRECTED - FTSE seen opening higher

Corrects to show in the last paragraph F&C held an extraordinary general meeting not an emergency meeting.

LONDON (Reuters) - The FTSE 100 .FTSE index is seen opening up 12-20 points or as much as 0.5 percent on Wednesday, according to financial bookmakers, starting the third quarter positively after Wall Street pared losses and Asian markets booked modest gains.

Strength in heavyweight oils and miners is likely to be a feature as crude prices held above the $70 barrel level and metal prices firmed.

The UK blue chip index closed 44.82 points or 1 percent lower on Tuesday at 4,249.21, but the index ended up 8.2 percent on the quarter, the best such performance since the final quarter of 2003, and has gained 22.8 percent since touching a six-year low on March 9.

U.S. stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.

Investors will look to the UK June manufacturing sector PMI report, due at 9:28 a.m., to provide further clues as to the health of the domestic economy.

U.S. June ISM data will be a focus later in the session, together with May U.S. pending home sales numbers, and the June ADP National Employment report, a precursor to Thursday's crucial U.S. jobs report.

Ex-dividend factors will knock 1.4 points off the blue chip index on Wednesday, with Man Group (EMG.L), Alliance Trust (ATST.L), and Compass Group (CPG.L) losing their payout attractions.

Stocks to watch on Tuesday are:

MARKS & SPENCER (MKS.L)

The clothing to food retailer issues a first-quarter trading update.

Also, the shareholder advisory body PIRC has recommended that M&S shareholders vote to re-elect Sir Stuart Rose as it's executive chairman, but only on the proviso that the firm follow recommendations made by the Local Authority Pension Fund Forum to take all reasonable and practical steps to bring forward the appointment of an independent chairman, the Independent newspaper said.

LLOYDS BANKING GROUP (LLOY.L)

Former Citigroup chairman Win Bischoff is being lined up to become the chairman of Lloyds Banking Group, the Financial Times reported on Wednesday, citing people close to the process. [nLU424561]

STANDARD CHARTERED (STAN.L)

Standard Chartered is in talks to purchase assets in China and India owned by the Royal Bank of Scotland (RBS.L), a source with direct knowledge of the matter said on Wednesday. [nHKG137025]