LONDON, July 14 Britain's FTSE 100 index
is seen opening up 7 points on Monday, according to financial
bookmakers. For more on the factors affecting European stocks,
please click on
* Futures for the index were up 0.5 percent by 0642
* The UK blue chip index closed up by 17.80 points, or 0.3
percent, at 6,690.17 points on Friday, albeit having fallen by
2.6 percent over the course of the week to post its biggest
weekly drop since March.
* Stock markets globally had been hit by concerns that
Portugal's largest listed bank, Banco Espirito Santo
was badly exposed to its owners' accounting problems, raising
questions as to whether there were more shoes to drop in
* The Bank of England has been lobbying for the easing of
global capital requirements for small banks, concerned that the
rules could make it harder for them to compete with larger
rivals when offering mortgages and small business loans, the
Financial Times reported.
* A debate is intensifying among the Federal Reserve's
regional bank presidents about whether to push interest rates up
from zero sooner than planned because of recent improvements in
the U.S. job market, the Wall Street Journal reported.
* Britain is to set out proposals to force foreign buyers of
key UK companies to make binding commitments to secure jobs and
research budgets, Sky News reported.
* SHIRE : - Shire said on Monday it was ready to
recommend a new offer from AbbVie after the U.S. firm
returned with a fifth bid valuing the London-listed drugmaker at
31.3 billion pounds ($53.3 billion).
* ROLLS-ROYCE : European planemaker Airbus
confirmed on Monday that it would sell revamped versions of its
A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and
offering 14 percent fuel savings.
* SPORTS DIRECT : The company is to launch in
Australia and New Zealand.
* EXPERIAN : The world's largest credit-checking
agency is bracing itself for a shareholder rebellion over
concerns about pay and corporate governance, the Times said.
* J SAINSBURY : The pension liabilities facing J
Sainsbury could prevent the supermarket group from competing
with rivals in the grocery price war, according to new research,
the Telegraph reported.
* SEVERN TRENT : Liv Garfield, chief executive of
Severn Trent, is the latest FTSE boss to face a pay row as
shareholders have been urged to vote down the water company's
remuneration policy, the Telegraph said.
* DEFENCE FIRMS: Ian King, chief executive of BAE Systems
, envisages a new wave of mergers across Europe's
aerospace and defence sector, the Telegraph reported.
Also, British Prime Minister David Cameron will announce 1.1
billion pounds of investment in defence on Monday, his office
said, to bolster the country's ability to respond to threats
such as global terrorism.
* PIZZA EXPRESS: Chinese private equity firm Hony Capital
has struck a deal with Gondola Group to buy Britain's Pizza
Express chain for about 900 mln pounds, the companies said on
* BT : British Telecom is set to return to the mobile
phones market after a 13-year gap when it unveils its plans for
a business-focused service on Thursday, the Sunday Express said.
* DIRECT LINE : The British insurer is holding
advanced talks with a series of industry players to sell its
operations in Italy and Germany, where the company has struggled
to gain scale, two sources close to the deal said.
* BARCLAYS : Barclays Plc's planned sale of its
index business could yield close to $1 billion for the British
bank, more than double what had been expected, according to
people familiar with the matter.
Also, Barclays boss Antony Jenkins faces one of the biggest
tests of his leadership this month when he decides whether the
bank, Britain's third largest, should fight accusations it
deceived and defrauded customers in the United States.
TODAY'S UK PAPERS
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($1 = 0.5877 British Pounds)
(Reporting by Tricia Wright; Editing by Alistair Smout)