UPDATE 1-UK Stocks-Factors to watch on July 12

(Adds company news, futures)

July 12 (Reuters) – Britain’s FTSE 100 index is seen opening 21
points higher on Wednesday, according to financial bookmakers, with futures
up 0.5 percent ahead of the cash market open.

* PREMIER OIL: Premier Oil Plc said it had discovered oil off the
coast of Mexico at its Zama-1 exploration well in Block 7.

* JD WETHERSPOON: British pubs group JD Wetherspoon said comparable
sales for the 11 weeks to July 9 rose 5.3 percent, “probably” helped by
unusually good weather.

* TESCO: Britain’s competition regulator has referred supermarket Tesco’s
proposed 3.7 billion pounds ($4.75 billion) takeover of wholesaler
Booker to a detailed investigation, ceding to a request from the
companies to “fast track” the process.

* ROBERT WALTERS: British recruiter Robert Walters said it expects
profit before tax for the year to beat market expectations after it reported a
jump in fee income in the second quarter.

* NEX GROUP: NEX Group Plc, the financial trading and technology
company, reported a rise in first-quarter revenue as financial markets started
to move towards more “normalised” conditions despite low volatility, with
interest rate rises in the US and better economic conditions in
Europe.

* BARRATT: Britain’s largest builder Barratt posted a
better-than-expected 12 percent rise in 2016/17 profit as selling prices rose
but it only built 76 more homes than its previous financial year, despite
government efforts to tackle a chronic shortage.

* GLENCORE: A federal court in Argentina has ordered the suspension of
activities at Glencore Plc’s Alumbrera gold and copper mine as part of
a pollution complaint, according to court documents seen by Reuters on Tuesday.

* AMEC FOSTER: British oil and gas services company Amec Foster Wheeler
and individuals associated with the business are under investigation by
the Serious Fraud Office (SFO), the company said on Tuesday.

* HSBC HOLDINGS/UBS Group: HSBC Holdings Plc and UBS Group AG
have each agreed to pay $14 million to settle private U.S. litigation
accusing them of rigging an interest rate benchmark used in the $483 trillion
derivatives market.

* OIL: Oil prices on Wednesday extended gains from the previous day as the
U.S. government cut its crude production outlook for next year and as fuel
inventories plunged.

* GOLD: Gold prices edged further away from a four-month low on Wednesday,
as investors awaited testimony from U.S. Federal Reserve Chair Janet Yellen and
central bank officials expressed caution about further interest rate hikes.

* COPPER: Copper prices climbed in Asia to their highest in more than one
week on Wednesday amid a weaker U.S. dollar and concerns about industrial action
that could further crimp mine supply.

* The UK blue chip index closed down 0.6 percent at 7,329.76 points on
Tuesday, as Pearson and Marks & Spencer overshadowed gains in miners.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY’S UK PAPERS

> Financial Times

> Other business headlines
Multimedia versions of Reuters Top News are now available for:
* 3000 Xtra : visit http://topnews.session.rservices.com
* For Top News :
(Reporting by Harish Bhaskar)


Leave a Reply