LONDON Nov 20 * Britain's FTSE 100 index is expected
to open flat to 3 points lower, or down as much as 0.1 percent on Tuesday,
according to financial bookmakers. For more on the factors affecting European
stocks, please click on
* The FTSE 100 index closed up 132.07 points, or 2.4 percent, at 5,767.66 on
Monday, matching their biggest one day rise of the year and recovering some of
last week's steep falls, as optimism that U.S. lawmakers will forge a fiscal
compromise encouraged traders to buy at the lower prices.
* France suffered the second downgrade of its sovereign debt rating this
year when Moody's, the U.S. rating agency, removed its triple A ranking on
* Debt-laden Portugal has passed the sixth quarterly review of its
performance under an EU/IMF bailout, opening the way for payment of the next 2.5
billion euro tranche of the loan despite growing economic risks, the lenders
said on Monday.
* There is no important economic data out of the UK on Tuesday and it is a
quiet day in the U.S. too housing figures due out at 1330 GMT the only real data
* London copper edged back on Tuesday from two-week highs hit the previous
session when the U.S. housing market showed unexpected vitality, while Greece
was set to receive another round of aid, boosting risk appetite and soothing
worries over metals demand.
* GLENCORE : Shareholders in miner Xstrata are expected to
give the green light on Tuesday to a long-awaited $31-billion takeover by
commodities giant Glencore, paving the way for one of the largest tie-ups in the
sector to date.
* BRITISH LAND : The UK-listed real estate investment trust reported
a 3.8 percent rise in first-half pretax profit to 137 million pounds with net
rental income 1.1 percent ahead, while UK like for like growth was up 1.2
* BSKYB : The pay-TV broadcaster plans to around $797 million in a
placing with institutional investors.
* EASYJET : The British low-cost airline posted a 28 percent rise in
full-year profit, helped by a surge in late summer demand and bucking tough
conditions elsewhere in the airline sector.
* HOMESERVE said first-half revenue was up 8 percent to 229.6
million pounds on international, while UK customer number fell down to 2.5
million, but it expects results for the full year to be in line with its
* ENTERPRISE INNS : The British pub group announces a drop in
full-year underlying profit to 137 million pounds from 157 million pounds a year
* MORGAN SINDALL : British construction group wins new
infrastructure projects totaling 42 million pounds.
* HORNBY : The toy maker announced its current Finance director,
Andrew Morris, intends to leave the group in the summer of 2013.
* PREMIER FOODS : The food producer announces it will close two
bakery sites in Greenford and Birmingham during the course of 2013, removing
approximately 130 distribution routes, resulting in approximately 900 fewer jobs
across the company's bread division.
* ARBUTHNOT : The broker proposed to raise 20 million pounds through
a non pre-emptive placing of new ordinary shares.
* BIG YELLOW GROUP : The storage firm reported first-half pretax
profit of 27.2 million pounds, compared with 6.4 million pounds for the same
period a year ago.
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
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