LONDON, July 10 Britain's FTSE 100 index
is seen opening 4-7 points higher on Thursday, according to
financial bookmakers. For more on the factors affecting European
stocks, please click on
* Futures for the index were up 0.1 percent by 0641
* According to minutes from the last Federal Reserve meeting
released on Wednesday, the central bank acknowledged the recent
strengthening in the U.S. economy but suggested it was unlikely
to raise policy rates until the second half of 2015.
* The UK blue chip index closed down 20.41 points, or 0.3
percent, at 6,718.04 on Wednesday.
* China's trade performance improved in June but still
missed market forecasts, reinforcing expectations that Beijing
will have to unveil more stimulus measures to stabilise the
economy and meet its 2014 growth target.
* More signs emerged last month that the upturn of Britain's
housing market is starting to moderate, even in hotspots like
London, a survey showed.
* ASSOCIATED BRITISH FOODS : AB Foods raised its
annual earnings guidance after a strong third-quarter
performance from its Primark discount fashion chain and progress
in its ingredients business more than offset weakness in its
* BURBERRY : The British luxury brand warned that if
exchange rates remained at current levels, that would have a
"material impact on profits" as it posted a 12 percent rise in
like-for-like retail sales for its fiscal first quarter to June.
* ASHMORE : The emerging market-focused fund manager
said that assets under management increased during its fourth
quarter to $75.0 billion.
* LONDON STOCK EXCHANGE : Qatar Holding is set to
slash its 15 percent stake in the owner of the London Stock
Exchange by a third, ahead of the British company's $1.6 billion
rights issue to help it buy U.S. indexes group Frank Russell,
the Telegraph reported, citing sources.
* BARRATT DEVELOPMENTS : The British builder said it
expected its full-year profit to come in at the top end of
forecasts, at about 390 million pounds ($664 million), after a
strengthening house market resulted in a 8.6 percent rise in
* HAYS : The British recruiting company reaffirmed
its full-year operating profit outlook of around 140 million
pounds after seeing strong growth in net fees in the UK and
Ireland of 11 percent.
* MOTHERCARE : The struggling British baby products
retailer, fighting off a takeover bid from U.S. group
Destination Maternity, named its interim chief
executive as its permanent CEO.
* GLAXOSMITHKLINE : The drugmaker could be lining up
a $15 a share knock-out cash offer for Raptor Pharmaceuticals in
the United States, according to the Daily Mail's market report.
* WM MORRISON SUPERMARKETS : Private equity firm
Endless LLP is on the verge of sealing a deal to buy Wm Morrison
Supermarkets' online baby goods retailer, Sky News reported,
* Britain has launched a review into the way that government
assets are sold to private investors, following a political row
over whether it sold the Royal Mail postal service too
cheaply last year.
TODAY'S UK PAPERS
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($1 = 0.5877 British Pounds)
(Reporting by Tricia Wright; Editing by Francesco Canepa)