LONDON, July 11 Britain's FTSE 100 index
is seen opening up 10-13 points, or as much as 0.2 percent
higher on Friday, according to financial bookmakers. For more on
the factors affecting European stocks, please click on
* Futures for the index were up 0.2 percent by 0643
* The UK blue chip index fell 45.67 points, or 0.7
percent, to 6,672.37 points on Thursday, with financial stocks
hit by a sell-off in the sector across Europe on concerns about
Portugal's biggest listed bank.
A 2.8 percent drop this week put the index on track for its
worst week in more than a year.
* Portugal's PSI share index fell 4.2 percent to a
nine-month low on Thursday, lagging all other European
benchmarks, after shares and bonds of Espirito Santo Financial
Group, the chief shareholder in Banco Espirito Santo
, were suspended over "material difficulties" at parent
Portugal's stock market regulator halted trading in the bank
after the shares fell 19 percent. Before the resumption of trade
on Friday, Banco Espirito Santo said that losses on loans to the
troubled business empire of its founding family will not put the
bank at risk of running short of capital.
* Britain's biggest privatisation in years was blighted by a
fear of failure and poor advice from state-appointed banks, a
committee of lawmakers said on Friday following an inquiry into
the 2 billion pound ($3.4 billion) sale of Royal Mail.
* UNILEVER : The consumer goods maker said it had
sold its Slim-Fast brand to Kainos Capital, a U.S.-based private
equity firm focused on the food and consumer sector.
* IMPERIAL TOBACCO : The world's fourth-largest
tobacco group, said it was in talks with Reynolds RAI.N and
Lorillard to acquire certain assets and brands that could
be sold by the two groups.
Also, Imperial Tobacco distribution unit Logista said it had
set the price of an initial public offering at 13 euros per
share, the bottom end of a 12.50 euro to 15.50 euro range.
* FRIENDS LIFE GROUP : Company to sell stake in
Lombard International Assurance, Insurance Development Holdings
for 449 million euros.
* EXPERIAN : The credit checker reports Q1 total
revenue growth of 4 percent.
* SSE : British energy regulator Ofgem has approved
the construction of a subsea electricity cable to connect two
sides of Scotland's Moray Firth, a project that will help the
connection of renewable energy, developer SSE said.
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
Multimedia versions of Reuters Top News are now available for:
* 3000 Xtra : visit topnews.session.rservices.com
* BridgeStation: view story .134
For more information on Top News visit
($1 = 0.5877 British Pounds)
(Reporting by Tricia Wright, Editing by Alistair Smout)