LONDON, July 29 Britain's FTSE 100 .FTSE index
is seen opening down 7-11 points, or 0.2 percent on Thursday,
according to financial bookmakers, tracking overnight falls on
Wall Street and in Asia after weak U.S. data revived global
recovery concerns, and with another big batch of corporate
The UK blue chip index closed 45.99 points, or 0.9 percent
lower on Wednesday at 5,319.68, retreating after having gained
over 4.5 percent in the previous five days, with energy issues
the main fallers after disappointing results from BG Group
U.S. blue chips .DJI also ended lower on Wednesday
reflecting weak U.S. durable goods figures and a downbeat
assessment of the economy from the Federal Reserve's Beige Book,
while the benchmark S&P 500 index .SPI remained trapped below
its 200-day moving average.
Asian stocks were lower on Thursday, edging back from a
three-month high, and the dollar eased towards three-month lows,
hit by the soft U.S. data which underlined the patchy nature of
the economic recovery.
The Fed's Beige Book of anecdotal reports, published after
the London close on Wednesday, pointed to a less-than-booming
recovery, with sluggish housing markets and sales of costly
items such as new cars weakening. [ID:nWALSIE6ES]
On the domestic macro front, the July Nationwide house price
survey will be released at 0600 GMT, with a month-on-month fall
of -0.2 percent forecast, after a 0.1 percent rise in the
Bank of England consumer credit and mortgage lending numbers
for June will be released at 0830 GMT.
The main U.S. data of interest in the afternoon will be the
latest weekly jobless claims.
But the early attention in London will be on a deluge of
British corporate earnings, including seven FTSE 100 companies.
* GLOBAL MARKETS-Asia shares retreat from highs, dollar dips
* Wall St ends lower after weak data, beige book
* Nikkei falls 0.5 pct after rally; Panasonic drops
* FOREX-Euro dips vs yen on Japan exporter selling
* TREASURIES-Firm in Asia after strong auction
* Oil steady near $77 after sharp U.S. inventory gain
* PRECIOUS-Gold regains strength on dollar; ETF drops
* METALS-Copper inches lower as economic uncertainties weigh
UK stocks to watch on Thursday are:
BP may permanently shut the well that caused the worst
off-shore oil spill in U.S. history as early as Monday, the
company said as speculation also grew over assets it might sell
to cover mounting costs. [ID: nLDE66R0YO]
Also, BP is in talks with its Russian venture TNK-BP
TNBPI.RTS over the sale of a $1 billion package of oil
projects in Venezuela, the Times newspaper said on Thursday.
ROYAL DUTCH SHELL (RDSa.L)
The oil giant reports second-quarter results.
The drugsmaker posts second-quarter results.
The satellite broadcaster posts full-year results.
BT GROUP (BT.L)
The telecoms provider reports first-quarter results.
REED ELSEVIER (REL.L)
The publisher posts first-half results.
The engineer reports first-half results.
BAE SYSTEMS (BAES.L)
The defence contractor delivers first-half results.
The miner issues a second-quarter output report.
Australia's Mitchell Communication Group MCU.AX said on
Thursday its board had agreed to accept a A$363 million ($324
million) takeover bid from British media buying group Aegis.
SAGE GROUP (SGE.L)
The accounting software firm Sage is the frontrunner to buy
Italy's TeamSystem from Bain Capital for up to 650 million
euros, with the British firm expected to outbid private equity
firm's HgCapital and Cinven, the Financial Times said.
RANK GROUP (RNK.L)
The leisure group unveils first-half results.
NATIONAL EXPRESS (NEX.L)
The transport operator delivers first-half results.
TRAVIS PERKINS (TPK.L)
The building supplies group reports first-half results.
The motors distributor posts first-half results.
LAIRD GROUP (LRD.L)
The engineer unveils first-half results.
The engineer issues a trading update.
RPS GROUP (RPS.L)
The environmental consultancy reports first-half results.
NORTHUMBRIAN WATER NWG.L
The water company issues a trading update.
The multi-utility holds its annual general meeting.
COLLINS STEWART (CLST.L)
The stockbroker reports first-half results.
TRINITY MIRROR (TNI.L)
The newspaper publisher posts first-half results.
The cancer drugs specialist group reports full-year results.
The biotech firm delivers first-half results.
The technology products group issues a trading update.
UNITED DRUG (UDG.L)
The drugs wholesaler issues a trading update.
The defence firm holds its annual general meeting.
BSS GROUP BTSM.L
The building products firm holds its annual general meeting.
CHARLES STANLEY (CAY.L)
The stockbroker holds its annual general meeting.
(Reporting by Jon Hopkins; Editing by Mike Nesbit)