UPDATE 1-UK Stocks-Factors to watch on July 13

(Adds futures, company news iterms)

July 13 (Reuters) – Britain’s FTSE 100 index futures were
down 0.03 pct ahead of the cash market open.

* ASTRAZENECA/TEVA: Israel-based Teva Pharmaceutical Industries
is expected to name Anglo-Swedish group AstraZeneca’s Chief Executive
Pascal Soriot as Teva’s next CEO, the Calcalist financial news website said on
Wednesday.

* RB: British consumer goods giant Reckitt Benckiser Group said on
Wednesday its tax structure and practices were in line with other global
businesses, denying allegations of tax avoidance in developing countries, after
charity group Oxfam levelled charges against it.

* SPORTS DIRECT: Britain’s Sports Direct, the retailer controlled by
billionaire Mike Ashley, has bought a 25.75 percent stake in Game Digital
, the computer gaming group said on Thursday.

* PREMIER OIL: Premier Oil said revenue for the first six months of
the year would be more than 40 percent higher than the same period last year as
it continues to beat production targets but it stopped short of raising its
full-year output goal.

* ASOS: British online fashion retailer Asos on Thursday forecast
sales growth for the full 2016-17 year at the upper end of its 30-35 percent
guided range, as it reported continued strong trading both in its home market
and overseas.

* BEAZLEY: Specialist insurer Beazley said on Wednesday it had
received approval to convert its Dublin-based reinsurance company into an
insurance company, as part of its European expansion plan.

* BREXIT: Britain will publish on Thursday the legislation that will sever
its political and legal ties to the European Union, beginning what is likely to
be a divisive debate that will test Prime Minister Theresa May’s ability to lead
the country.

* BRITAIN DEFENCE: Britain will spend 40 million pounds ($52 million) on
upgrading the anti-missile defence system of its Typhoon fighter jets, Defence
Secretary Michael Fallon said on Thursday, after awarding a contract to Italian
company Leonardo.

* BRITAIN BANKS: Top bankers quizzed Britain’s new financial services
minister on Wednesday about what the government is doing to meet their demands
for a smooth departure from the European Union.

* EX-DIVS: No FTSE 100 companies will go ex-dividend on Thursday, although
several mid-caps will go ex-div, after which investors will no longer qualify
for the latest dividend payout.

* The UK blue chip index ended up 1.2 percent on Wednesday, touching a
two-week high, as oil and gas stocks gained and luxury retailer Burberry jumped.
Mid-cap Carillion plunged to a record low.

* 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
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(Reporting by Rahul B in Bengaluru)

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