LONDON, Aug 26 Britain's FTSE 100 .FTSE index is seen rising
on Thursday, recovering from the previous session's losses, following overnight
strength on Wall Street and in Asia, as investors awaited UK corporate earnings
from companies including Kazakhmys (KAZ.L) and Diageo (DGE.L).
The UK blue chip index looks set to gain between 43 to 47 points, or as much
as 0.9 percent, according to financial bookmakers, after it fell to a seven-week
closing low on Wednesday -- down 46.55 points, or 0.9 percent, at 5,109.40.
U.S. stocks staged a comeback on Wednesday, breaking a four-day losing
streak by major indexes, as key technical support triggered bargain hunting that
offset weak economic data.
Data showed new single-family home sales slumped to a record slow pace in
July and orders for manufactured durable goods rose far less than anticipated.
And Asian stocks rose on Thursday as investors hunted for bargains among
recently beaten-down shares, while the yen pulled further away from 15-year
highs as investors wondered whether Japanese officials would take fresh steps to
curb the currency's strength and spur economic growth.
In terms of domestic economic data, investors are waiting for August's UK
CBI distributive trades survey, scheduled for release at 1000 GMT.
On the other side of the Atlantic, U.S. weekly jobless claims are due at
* Asia stocks up; yen eases, eyes on govt, BOJ [ID:nSGE67P05B]
* Wall St stages comeback as technicals spur buying [ID:nN25156901]
* Nikkei claws up from 16-mth lows; economy worry weighs [ID:nTOE67P01H]
* US bonds slip on profit-taking as stocks rise [ID:nN25618107]
* Yen slips, investors wait for Japan to act [ID:nTOE67P001]
* Gold steady near 8-week high; growth worry persists [ID:nSGE67P02S]
* LME metals rally; focus on arbitrage, not data [ID:nSGE67P04L]
* Oil gains for second day as low prices rekindle interest [ID:nSGE67P041]
UK stocks to watch on Thursday:
Italian oil major Eni SpA (ENI.MI) would consider buying BP assets in which
it already has a stake if they were put up for sale, Italian daily Il Sole 24
Ore said on Thursday, citing Eni CEO Paolo Scaroni. [ID:nLDE67P049]
Also, BP's efforts to fish out pipe remnants inside equipment atop its
blown-out Gulf of Mexico well delayed retrieval of a failed blowout preventer,
the top official overseeing the oil spill response said. [ID:nN25137082]
BHP BILLITON (BLT.L)
BHP Billiton's chief executive flies to North America this week to crank up
the charm offensive with Potash Corp (POT.TO) shareholders after dousing
expectations he would sweeten a $39 billion bid for the fertilizer giant.
DANA PETROLEUM DNX.L
Korea National Oil Corp [KOILC.UL] said it had posted offer documents to
Dana Petroleum shareholders as it pressed ahead with its hostile takeover bid
for the British firm. [ID:nLDE67O1QZ]
The miner posts first-half results.
The drinks group reports full-year results.
The oil services and engineering group reports first-half results.
The industrial property landlord reports first-half results.
The security services group reports second-quarter results.
The building and support services group posts first-half results.
CPP GROUP (CPPG.L)
The credit card insurance provider posts first-half results.
The plastic and fibre products supplier reports first-half results.
HIKMA PHARMACEUTICALS (HIK.L)
The drugs company reports first-half results.
The manufacturer reports first-half results.
INTERNATIONAL PUBLIC PARTNERSHIPS (INPP.L)
The infrastructure manager reports first-half results.
The miner reports first-half results.
PREMIER OIL (PMO.L)
The oil company reports first-half results.
SALAMANDER ENERGY SMDR.L
The oil and gas company posts first-half results.
The property advisor reports first-half results.
UNITE GROUP (UTG.L)
The student landlord reports first-half results.
WILLIAM HILL (WMH.L)
The bookmaker reports first-half results.
TODAY'S UK PAPERS
> Financial Times [PRESS/FT]
> Other business headlines [PRESS/GB]
(Reporting by Tricia Wright)