UPDATE 1-UK Stocks-Factors to watch on July 18

(Adds company news items and futures)

July 18 (Reuters) – Britain’s FTSE 100 index is seen
opening 15 points lower at 7,389.3 on Tuesday, according to
financial bookmakers, with futures down 0.3 percent
ahead of the cash market open.

* BRITISH LAND: British Land intends to spend up to
300 million pounds to buy back its shares in this financial
year, it said on Tuesday, citing limited investment

* IG GROUP: British online financial trading company IG
Group Holdings Plc said on Tuesday that full-year pretax
profit rose 3 percent, beating analysts’ estimates.

* JUST GROUP: Britain’s Just Group, which
specialises in selling financial products for retirement,
reported on Tuesday a 3 percent increase in new business sales
in the six months to end-June.

* RIO TINTO: Global miner Rio Tinto on Tuesday
lowered its forecast for shipments of iron ore in calendar 2017
by up to 10 million tonnes due to bad weather and ongoing work
to modernise its rail haulage lines.

* STANDARD LIFE: India’s HDFC Standard Life Insurance Co Ltd
said on Monday it had revived a planned initial public offering,
as it struggles to get regulatory approval to buy smaller rival
Max Life.

* BRITAIN MOTOR INSURANCE: The average price of UK motor
insurance hit a record high in the second quarter of the year,
driven by new rules for personal injury claims and a rise in the
insurance premium tax, the Association of British Insurers (ABI)

* BRITAIN ECONOMY: London’s economy is wobbling from the
early effects of Brexit judging from the capital’s faltering
housing market, fewer European Union citizens seeking work and
weaker job creation, according to a report from the Centre for
London think tank.

* BREXIT: British lawmakers said restricting the movement of
EU citizens’ data after Brexit would hurt trade and security
co-operation, and transitional arrangements should be made by
the government to keep information flowing after Britain leaves
the bloc.

* OIL: Oil prices were stable on Tuesday, supported by
strong consumption but weighed by ongoing high supplies from
producer club OPEC and also the United States.

* The UK blue chip index FTSE 100 closed 0.4 percent
higher at 7,404.13 points on Monday, driven by basic resource
firms, while a government contract win by crisis-hit
construction firm Carillion gave it some respite from heavy
losses sustained last week.

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


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(Reporting by Siju Varghese)

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