UK Stocks - Factors to watch on June 10

LONDON, June 10 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening
20-21 points lower on Tuesday, according to financial bookmakers, having closed
down 29.2 points, or 0.5 percent at 5,877.6 in the previous session.
The UK's blue-chip index is seen extending Monday's losses after only a
modest rebound on the U.S. Dow .DJI overnight and as Japan's Nikkei .N225
slipped over 1 percent.

On the macro front, Federal Reserve Chairman Ben Bernanke on Monday
signalled the central bank would act to strongly resist rising inflation, as
energy costs soar into the stratosphere.

Bernanke's speech heightened expectations for U.S. interest rates to rise.
[ID:nN09303720]

But British retail sales grew at their fastest pace in four months in May as
warm, sunny weather encouraged consumers to splash out on new clothes and summer
food and drink, a survey by the British Retail Consortium showed on Tuesday.
[ID::nL09351991]

Real estate stocks may feature as sentiment in Britain's housing market
improved marginally in May, a survey showed earlier on Tuesday, but prices
continued to fall at close to their fastest rate in at least 30 years.
[ID:nL09333316]

"It's going to be earnings news from Tesco that dominates the domestic
agenda for many this morning as the retailer should offer some kind of
assessment of the health of the economy as a whole, whilst industrial production
data later this morning will also be under scrutiny," said Matt Buckland, a
trader at CMC Markets.

* GLOBAL MARKETS-Bonds slide, dollar rises on Bernanke warning [ID:nSP8314]

* US STOCKS-Dow bounces back on McDonald's and home sales [ID:nL10544208]

* Nikkei slips 1.2 pct as financials weigh [ID:nT265886]

* Oil falls $4 from record highs as dollar firms [ID:nL10208908]

* FOREX-Dollar jumps, Bernanke stokes Fed rate hike outlook [ID:nT273455]

UK stocks to watch on Tuesday are:

BRADFORD & BINGLEY BB.L

The Financial Services Authority took the unprecedented step of pressuring
Britain's five biggest banks into supporting the revised rescue capital-raising
at Bradford & Bingley last week, Britain's Times newspaper reported.

VEDANTA RESOURCES (VED.L)

The miner is planning to invest $20 billion in India in the next four years
to expand its metals, mining and electricity generation operations in the
country, reported the Financial Times.

VODAFONE (VOD.L)

Vodafone's chances of securing control of Vodacom, South Africa's largest
mobile phone operator, increased after the UK wireless group's joint venture
partner said it was "positive" about reaching a deal to sell some of its stake,
reported the Financial Times.

BAE SYSTEMS (BAES.L)

Britain's BAE Systems said Monday its business development director was
among those subpoenaed last month in a U.S. investigation of corruption
allegations stemming from a Saudi arms deal in the 1980s. [ID:nN09203005]

BP (BP.L)

The heavyweight oil company said on Monday it has no immediate plans to
drill properties in Canada's Beaufort Sea that it was awarded last week after
bidding C$1.2 billion ($1.17 billion) for three offshore parcels in the
petroleum-rich Arctic region. [ID:nN09474389]

TESCO (TSCO.L)

The firm is due to announce its first quarter sales update.

MOSS BROS (MOSB.L)

The menswear fashion group, is understood to have approached industry
veteran Barry Gibson about taking on the role of chairman, reported the
Independent.

TED BAKER (TBK.L)

The firm is due to hold its annual general meeting.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Michael Taylor)