UK Stocks -- Factors to watch on Nov 10

LONDON, Nov 10 (Reuters) - Britain's FTSE 100 .FTSE index
is seen opening up as much as 2.8 percent on Monday, according
to financial bookmakers, tracking gains in Asia after China
unveiled a nearly $600 billion stimulus package to boost growth.

Financial bookmakers expected the UK benchmark to open up
106 to 123 points after closing up 2.2 percent on Friday.

In Asia, Japan's Nikkei average .N225 rose 5.8 percent and
Hong Kong's Hang Seng Index .HSI advanced 3.4 percent.

Beijing has approved a $586 billion government spending
package to boost domestic demand and help the world's
fourth-largest economy ride out the global credit crisis.

The Daily Telegraph said middle-income families and small
businesses will receive billions of pounds of tax cuts and
benefits in the Pre-Budget report within the next two weeks.

Meanwhile, the G20 group of advanced and big emerging
economies agreed on Sunday on the need for coordinated action to
fight the financial crisis.

Underlining the tough outlook, a survey showed Britain's
shoppers will spend 15 percent more online in the run-up to
Christmas this year, a sharp slowdown in growth when compared
with the 54 percent year-on-year increase seen in 2007.
[ID:nL7189003]

A quarterly survey by the Confederation of British Industry
showed small and medium-sized manufacturers in Britain have cut
staff for the first time in 18 months, and more than a quarter
plan to reduce headcount further as the global economy slows.
[ID:nL771112]

In the emerging economies, credit ratings agency Fitch cut
Romania's credit rating to "junk" status in one of four emerging
market downgrades and said the global financial crisis had put
ratings of South Korea, South Africa, Russia and Mexico in
jeopardy. [ID:nHKG303288]

(For more on China's stimulus package and the financial
turmoil, click on [ID:nSP418304] and [nCRISIS], respectively)
* Nikkei jumps 5.8 pct as China economy plan lifts mood

[ID:nTKU003172]
* GLOBAL MARKETS-China stimulus plan boosts stocks, commodities
[ID:nLA117257]
* Yen retreats as stock rally improves risk appetite

[ID:nT98080]
* Oil up 4 pct, tops $63 on China stimulus, G20

[ID:nSYD393020]
* Gold rises 2 pct on weaker dollar, upside capped

[ID:nT265981]

UK stocks to watch on Monday are:

RIO TINTO (RIO.L)

Facing a dramatic drop-off in Chinese steel production, Rio
Tinto will cut iron ore shipments by up to 20 million tonnes in
2008 in hopes that industrial activity in China will improve
next year. [ID:nSYD419061]

VODAFONE (VOD.L)

Vodafone Group, the world's biggest mobile group by sales,
will cut its full-year profit forecast this week and will
announce a cost-cutting drive in some markets, Sunday Telegraph
reported. [ID:nL9709263]

LLOYDS TSB (LLOY.L), HBOS HBOS.L

Standard Life (SL.L), a leading shareholder in HBOS and
Lloyds TSB, said it was looking at the proposal by two Scottish
banking grandees to derail the 12 billion pounds merger of the
two lenders, the Times said.

The Daily Telegraph said the Financial Services Authority
has been asked to investigate claims that Lloyds is providing a
10 billion loan to HBOS.

Separately, HBOS rejected on Saturday a proposal from the
former heads of Royal Bank of Scotland (RBS.L) and Bank of
Scotland to block its government-brokered takeover by Lloyds.
[ID:nL8528266]

TAYLOR WIMPEY (TW.L)

Private equity firm TDR Capital is in talks to inject cash
into Taylor Wimpey in exchange for a stake in Britain's largest
house builder by number of homes, the Mail on Sunday reported.
[ID:nL932493]

HSBC (HSBA.L)

The Asian arm of HSBC may cut 600 more staff as economic
conditions worsen, Hong Kong's Standard newspaper reported,
citing unnamed sources. [ID:nHKG98552]

The global banking group is due to issue its trading update.

WHITBREAD (WTB.L), INTERCONTINENTAL HOTELS (IHG.L)

British budget hotel chain Travelodge on Sunday announced 5
million pounds ($8 million) worth of price cuts for the rest of
2008 designed to lure its budget and mid-market competitors into
a price war.

The move will increase pressure on direct competitors such
as Whitbread's Premier Inn chain, as well as more upmarket
rivals like InterContinental Hotels's Holiday Inn Express chain.
[ID:nL93882]

BHP BILLITON (BLT.L)

The miner said on Monday it had no plans to reduce its iron
ore output. [ID:nSYU005486]

ASTRAZENECA (AZN.L)

A study that showed AstraZeneca's cholesterol fighter
Crestor slashed deaths, heart attacks, strokes and
artery-clearing procedures in apparently healthy patients has
made a dramatic impression on some doctors who now expect an
adjustment to preventive care guidelines. [ID:nN09391805]

DSG INTERNATIONAL (DSGI.L)

The electrical goods retailer has put its loss-making
Central and Eastern European store chain Electro World up for
sale, Sunday Times reported. [ID:nL936592]

NATIONAL GRID (NG.L)

The chief executive of National Grid declined on Saturday to
rule out a potential bid for Swedish utility Vattenfall's
[VATN.UL] German power grid, but said it would have to pass
"very high hurdles". [ID:nL8595206]

LONDON STOCK EXCHANGE (LSE.L)

Turquoise, backed by nine broker-dealers, on Friday said it
had grabbed 5 percent market share across the 310 stocks in
European markets that are traded on its platform.

The new entrant, which rolled out its trading platform on
Aug. 29, said it now accounts for 5.2 percent of trading for
FTSE 100 stocks and 5.4 percent on Germany's DAX equities, ahead
of its year-end target. [ID:nL749363]

REDROW (RDW.L)

Hedge fund Toscafund is not seeking to sell its 27 percent
stake in the British housebuilder, worth about 81 million pounds
($127 million) at Friday's closing price, a Toscafund spokesman
said on Sunday. [ID:nL9734318]

RENTOKIL INITIAL (RTO.L)

Andrew Macfarlane is set to step down as finance director at
Rentokil Initial early next year in a move that would conclude a
clean sweep of the top jobs at the group in less than a year,
the Financial Times reported.

RETAILERS

Britain appears to be suffering a dramatic increases in
shoplifting with Tesco TSECO.L reporting thefts up by more
than a third this year and Iceland and Marks & Spencer (MKS.L)
also revealing an increase in criminal activity, the Financial
Times reported.

CABLE & WIRELESS (CW.L)

The telecoms firm is due to announce its first-half results.

HAMMERSON (HMSO.L)

The property firm is due to issue its trading update.

G4S (GFS.L)

The company is due to issue its trading update.

INMARSAT (ISA.L)

The company is due to announce its third-quarter results.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Dominic Lau;)