UK Stocks -- Factors to watch on July 6
LONDON, July 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 6 to 10 points lower on Monday, according to financial bookmakers, reflecting weak showings in Asia and with the lack of a lead from Wall Street, closed on Friday for the long Independence Day holiday weekend.
The UK blue-chip index ended 2.01 points higher on Friday at 4,236.28 in very thin trade as gains in financials and defensive stocks outpaced declines in commodity issues.
Further weakness in oil majors is expected to put pressure on UK blue chips on Monday with the crude price CLc1 hovering just above $65 a barrel.
No important domestic data is due on Monday, with the main macro focus this week on the latest monthly Bank of England Monetary Policy Committee meeting, although no changes are expected to interest rates or the bank's current quantitative easing policy when an announcement is made at 1100 GMT on Thursday.
After last Thursday's disappointing U.S. jobs report, investors will look to June's ISM non-manufacturing sector index for further clues as to the health of the economy across the Atlantic on Monday.
The U.S. corporate earnings season gets under way this week, with results expected from oil major Chevron (CVX.N) and aluminium producer Alcoa (AA.N).
"Markets sold off hard on the back of those payroll figures last Thursday so the potential remains for something of a reversion to be seen but we are now moving into the slower summer season and so long as the green shoots of recovery continue to struggle to take root, then equities will likely remain adrift," said Matt Buckland, a dealer at CMC Markets.
* GLOBAL MARKETS-Caution rules on world economy before G8 [ID:nSYD390584]
* Nikkei dips in light trade, awaits earnings, data [ID:nT326083]
* Econ doubts support dollar, Nikkei drop boosts yen [ID:nT259827]
* TREASURIES-Edge up in Asia on econ view, auctions eyed [ID:nT325299]
* Oil falls below $65 on economic gloom [ID:nSYD537953]
* Gold inches down as dlr eyed, ETF unchanged [ID:nT324767]
* Copper down 1 pct on econ worries; outlook supports [ID:nSHA342299]
UK stocks to watch on Monday are:
RIO TINTO (RIO.L)
The global miner agreed on Monday to sell its Americas food-packaging assets
for $1.2 billion to packaging group Bemis Co Inc (BMS.N), raising yet more
much-needed cash for the indebted miner. [ID:nSYD463954]
BANKS
The body in charge of Britain's stakes in Lloyds Banking Group (LLOY.L) and Royal Bank of Scotland Group (RBS.L), will this week downplay expectations of a quick sale of the shareholdings, according to The Sunday Telegraph. [nL5675462]
BAE SYSTEMS (BAES.L)
The U.S. arm of BAE Systems is aiming to broaden its security businesses further beyond the Defense Department, according to the subsidiary's new boss, Anthony Zinni, a retired Marine general who commanded U.S. forces in the Mideast and Central Asia during the 1990s, the Wall Street Journal said on Monday.
3I GROUP (III.L)
The private equity group has agreed a rescue deal for VNU Business Media Europe that will involve HIG Capital taking over half of the Dutch media company, The Times said on Monday.
MARKS & SPENCER (MKS.L)
Former M& S chief executive, Sir Richard Greenbury, has strongly criticised shareholder groups' "vindictive" attitude towards current executive chairman, Sir Stuart Rose, The Daily Telegraph said on Monday.
SEVERN TRENT (SVT.L)
Severn Trent is calling for a radical rethink over water supply, and is lobbying the government for its trading model concept to be included in the upcoming flood and water management bill, the Independent on Sunday said.
CENTRICA (CNA.L)
Centrica is likely to make a 1 billion pound-plus hostile bid of at least
850 pence a share for oil and gas group Venture Production (VPC.L), The
Independent on Sunday said.
NATIONAL EXPRESS (NEX.L)
Ray O'Toole, the acting chief executive of National Express, has revealed the rail operator's intentions to defy Lord Adonis by extending one of its two remaining rail franchises to 2014, The Observer said.
SEGRO (SGRO.L)
The property group has moved a step closer to acquiring Brixton (BXTN.L)
after the former secured a preliminary agreement to purchase its rival for 107
million pounds in an all-share offer, The Daily Telegraph said.
JJB SPORTS (JJB.L)
The sporting goods retailer is considering an equity fundraising as one of a number of ways to provide extra capital, the firm said on Saturday responding to a report in the Times newspaper that it was looking to raise at least 50 million pounds ($82.1 million) in a placing and open offer of shares at 12 pence each. [ID:nL4496272]
QINETIQ (QQ.L)
Metrix, the Qinetiq-led consortium behind a planned 12 billion pound training programme for the armed forces, has denied that there is a 1.3 billion pound hole in the scheme's funding, the Financial times said on Monday.
LADBROKES LADB.L
Ladbrokes will repay a 351 million pound ($576 million) bond later this month, giving the British bookmaker breathing space to refinance its 900 million pound debt, The Sunday Telegraph reported. [nL5639995]
RANK GROUP (RNK.L)
Despite a number of hindrances such as the introduction of the UK smoking ban, tax hikes and the overall state of the economy, Ian Burke, the chief executive of Rank Group, remains optimistic about the bingo and casino company's future, The Times said on Monday.
SSL (SSL.L)
The Durex condom and Scholl footcare firm's chief executive Garry Watts believes that the company is "pushing on an open door" in its quest to boost its global sales, the Financial Times said on Monday.
STERLING ENERGY (SEY.L)
Argentine oil tycoon Carlos Bulgheroni is behind a bid for London-listed oil
company Sterling Energy (SEY.L), The Sunday Times reported. [nL5664635]
UK REAL ESTATE
Jadwa Investment, an investment management company part-owned by the Saudi royal family, is planning to invest a sizeable portion of its assets in British and American commercial property, according to its chairman Prince Faisal bin Salman bin Abdulaziz, the Financial Times said on Monday.
EASYJET (EZJ.L)
The discount airline issues June traffic figures.
ST MODWEN PROPERTIES (SMP.L)
The real estate firm posts first-half results.
CALEDONIA INVESTMENTS (CLDN.L)
The investment firm issues a trading update.
MEDIAZEST (MDZE.L)
The audio-visual technology firm holds its annual general meeting.
MARSTON'S (MARS.L)
The brewer and pubs group holds an extraordinary general meeting
TODAY'S UK PAPERS
> Financial Times [PRESS/FT]
> Other business headlines [PRESS/GB] (Reporting by Jon Hopkins; Editing by Hans Peters)
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