UK Stocks -- Factors to watch on July 10

LONDON, July 10 (Reuters) - Britain's FTSE 100 .FTSE index
is seen opening 7 to 14 points or as much as 0.3 percent lower on Friday,
according to financial bookmakers, retracing Thursday's gains.

Investors will look to the release of UK wholesale inflation data, with
energy majors likely to be under pressure due to weakness in the crude price.

The UK blue chip index closed 18.43 points higher on Thursday at 4,158.66,
snapping a three-session losing streak on the back of gains in miners after
reassuring earnings from US aluminium group Alcoa (AA.N) late on Wednesday.

But a warning from US oil major Chevron (CVX.N) that its second quarter
earnings would be hit by a sharp decline in refining margins reignited concerns
over compny profits, and with crude prices CLc1 staying weak, falls by
heavweight oil issues were expected to be a drag in London on Friday.

On the macro front, June UK PPI input numbers are seen up 0.8 percent on the
month, after a 0.4 percent increase in May, giving a year-on-year decrease of
12.2 percent, after a 9.4 percent decline in the previous month.

PPI output numbers are seen up 0.3 percent in June, after a 0.4 percent rise
in May, giving a 0.8 percent year-on-year decline against a 0.3 percent fall in
May.

U.S. May international trade numbers and the first reading for July of the
University of Michigan consumer sentiment index will be a focus later in the
session.

* Wall Street ekes out gain on banks, materials [ID:nN09469818]

* Nikkei little changed, caution erases early gains [ID:nT241395]

* GLOBAL MARKETS-Japan shares near 7-week low, dollar steady [ID:nSP509927]

* FOREX-Dollar, yen steady as market hesitates on direction [ID:nT237600]

* TREASURIES-Rise in Asia as investors hunt bargains [ID:nT246536]

* Oil resumes fall towards $60 as economic woes weigh [ID:nSP295506]

* Gold inches up on bargain buying, ETF steady [ID:nT325611]

* METALS-Shanghai copper rises 1 pct on optimism, LME gains [ID:nSHA345493]

UK stocks to watch on Friday are:

ANGLO AMERICAN (AAL.L)

The mining group will appoint John Parker as its new chairman on Friday
replacing Mark Moody-Stuart who will retire after seven years at the helm, the
Daily Telegraph reported without citing sources. [ID:nL9184171]

Also, Australian packaging group Amcor (AMC.AX) was still in discussions
with Rio Tinto to buy parts of Rio's packaging assets, Amcor said in a statement
on Friday. [nSYU006826]

RIO TINTO (RIO.L)

Four staff at the Anglo-Australian miner detained in China over suspected
spying had bribed officials at Chinese steel makers during iron ore price talks,
state media said on Friday. [ID:nPEK248158]

LLOYDS BANKING GROUP (LLOY.L)

The bank's boss Eric Daniels will be sidelined under plans to parachute an
all-powerful chairman into the state-controlled bank, the Daily Mail says,
citing sources.

MARKS & SPENCER (MKS.L)

Marks & Spencer came under fire on Thursday after Associated British Foods
(ABF.L), the owner of Primark, confirmed that it shared some suppliers with its
upmarket rival, with the news coming one day after Sir Stuart Rose, the
executive chairman of M&S, attacked the budget fashion industry over subsistence
wages, The Times said.

REED ELSEVIER (REL.L)

Clive Jacobs, the founder of Holiday Autos, has paid an undisclosed sum to
buy TW Group, a small part of Reed Elsevier's Reed Business Information (RBI)
division, a move that has sparked rumours RBI - which was taken off the market
in 2008 after it failed to attract a suitable buyer - could be broken up and
spun off, the Daily Telegraph said.

VENTURE PRODUCTION (VPC.L), CENTRICA (CNA.L)

Major shareholders in Venture Production, the North Sea oil and gas group
23.6 percent owned by Centrica, have agreed not to sell their stakes at too low
a price in the event of a bid for the company, the Financial Times said.
Centrica has until close of business on Monday to announce whether it will make
an offer for Venture or face a six-month ban on bidding.

LONDON & STAMFORD (LSP.L)

Property group London & Stamford, which owns a holding in Sheffield's
Meadowhall shopping centre, is set to announce a 200 million pounds-plus capital
raising that will be used to fund acquisitions.

DRAX GROUP (DRX.L)

The energy group is using techniques made popular by TV show "The
Apprentice" in the competition for its latest corporate broking mandate, The
Financial Times said.

BRITISH LAND (BLND.L)

The real estate investment trust holds its annual general meeting.

BOVIS HOMES (BVS.L)

The housebuilder issues a trading update.

INTERSERVE (IRV.L)

The support services group issues a trading update.

SIG (SHI.L)

The insulation products supplier issues a trading update.

MITIE GROUP (MTO.L)

The maintenance services firm issues a trading update.

ARCHIPELAGO RESOURCES (AR.L)

The gold miner holds its annual general meeting.

INDAGO PETROLEUM (IPLM.L)

The oil explorer holds an extraordinary general meeting.

TODAY'S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]
(Reporting by Jon Hopkins; Editing by Simon Falush)