(Adds company news, futures price)
LONDON, April 22 Britain's FTSE 100 index is seen
opening up by around 29 points, or 0.4 percent, on Tuesday with bid fever set to
boost pharmaceutical stocks, according to financial bookmakers. For more on the
factors affecting European stocks, please click on
* FTSE 100 futures were up by 0.4 percent at 0620 GMT.
* The UK blue chip index closed up by 0.6 percent, or 41.08 points, at
6,625.25 points on Thursday, marking a one-week closing high for the index.
* GLAXOSMITHKLINE :
Swiss drugmaker Novartis said on Tuesday it would exchange certain
assets with GlaxoSmithKline and divest its animal health business to Eli Lilly
. Novartis said it had agreed to acquire GSK's oncology products for a
$14.5 billion payment. The Swiss drugmaker said it would divest its vaccines
business, excluding flu, to GSK for $7.1 billion plus royalties.
* ASTRAZENECA :
Pfizer Inc may come back to bid for British drug company AstraZeneca
Plc after its reported 60 billion pound ($101 billion) takeover approach was
rejected, since a deal could make sense for the U.S. pharmaceuticals giant as it
seeks to build up its cancer franchise.
* BARCLAYS :
Barclays is planning to withdraw from large parts of the metals,
agricultural and energy markets as part of a restructuring of its investment
bank, a person familiar with the matter said.
* COLT :
Telecoms and technology group Colt announced a restructuring.
* DRAGON OIL :
Oil company Dragon Oil said its average oil production had risen during the
* POLYMETAL :
Russian precious metals miner Polymetal said on Tuesday its revenues fell 2
percent to $336 million in the first quarter of 2014, year-on-year.
TODAY'S UK PAPERS
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(Reporting by Sudip Kar-Gupta)