UK Stocks -- Factors to watch on July 13

Mon Jul 13, 2009 2:03am EDT
 
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 LONDON, July 13 (Reuters) - Britain's FTSE 100 .FTSE was seen opening down
as much as 14 points, or 0.3 percent, by financial bookmakers on Monday, stuck
near a 10-week low as a forlorn demand outlook was set to keep heavyweight
commodity stocks in retreat.
 The blue-chip index was seen in a range from up 3 points to down 14, after
it fell to 4,127.17 on Friday, the lowest closing level since April 28 as
renewed jitters on the global economy sent investors scurrying out of higher
risk assets.
 The gloom for energy stocks deepened as crude slid below $60 per barrel,
having fallen 11 percent last week, while lower metals prices will weigh on
miners.
 Japan's Nikkei .N225 fell for a ninth straight day on Monday on concerns
about company outlooks, while Hong Kong's Hang Seng Inex .HSI lost 2 percent.
 
 * Dow, S&P 500 in fourth weekly fall as economy weighs    [ID:nN10532552]
 * GLOBAL MARKETS-Nikkei down for ninth day, oil steadies   [ID:nSP483605]
 * Nikkei falls 1 pct, caution before earnings               [ID:nT359852]
 * Oil steadies at $60, economic and demand worries linger [ID:nSYD481198]
 * Yen takes possible election date in stride                [ID:nT362004]
 * Economic woes, supply break buoy safe-heaven bonds       [ID:nLD510320]
 * Copper cuts gains on Chinese demand worries             [ID:nMAN479208]
 * Gold steadies as dollar eyed for cues                     [ID:nT361861]
 
 UK stocks to watch on Monday are: 
 
 FRIENDS PROVIDENT (FP.L)
 Life insurer Friends Provident has received an all-share merger proposal
from buy-out firm Resolution (RSL.L), two sources familiar with the situation
said on Sunday. [ID:nLC375027]
 The Daily Telegraph said on Monday it could become the subject of a bidding
war if it, as expected it rejects the approach.
 
 BRITISH AIRWAYS (BAY.L)
 The airline has secured shareholder backing for a possible rights issue of
new stock, according to a repot in the Observer newspaper on Sunday.
 
 XSTRATA (XTA.L), ANGLO AMERICAN (AAL.L)
 Xstrata remains committed to a nil-premium merger with Anglo American, the
company said on Sunday after the Observer newspaper said it will offer a 5
billion pound sweetener to seal the deal. [ID:nLC011937]
 
 LONDON STOCK EXCHANGE (LSE.L) 
 Xavier Rolet is looking to make his first acquisition as chief executive of
London Stock Exchange, with talks to buy a stake in Europe's second largest
clearer, Dutch supplier European Multilateral Clearing Facility NV, the Wall
Street Journal quoted three people familiar with the matter as saying.
 
 CENTRICA (CNA.L)
 Britain's largest gas retailer made a $2 billion bid for North Sea gas
producer Venture Production (VPC.L) as it seeks to increase its gas reserves.
[ID:nLA83677]
 The chief executive of Venture said its shareholders were looking
"significantly in excess" of the 845-pence a share takeover offer made by
Centrica. [ID:nLC024232]
 
 BRITISH LAND (BLND.L)
 A third of votes cast at the property company's AGM on Friday were against
the company's remuneration report, it said on Friday.
 
 BP (BP.L)
 The oil giant warned of planned flaring between Monday at July 24 at its
265,000 barrel per day Los Angeles-area refinery in Carson California.
[ID:nN1284026] 
 
 RIO TINTO (RIO.L)
 An Australian minister said the detention by China of an executive from Rio
Tinto may make business seek twice about involvement in the country.
[ID:nB323174]  
 
 EXPERIAN (EXPN.L)
 The credit information firm releases its first-quarter trade figures.
 
 DUNELM GROUP (DNLM.L)
 The company releases its Q1 trade data.
 
 TODAY'S UK PAPERS
 > Financial Times                      [PRESS/FT]
 > Other business headlines             [PRESS/GB]
 (Reporting by Simon Falush)







 

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