UPDATE 1-UK Stocks-Factors to watch on July 4

(Adds company news, futures)

July 4 (Reuters) – Britain’s FTSE 100 index is seen opening 13
points lower on Tuesday, according to financial bookmakers, with futures
down 0.4 percent ahead of the cash market open.

* SAINSBURY’S: Sainsbury’s, Britain’s second biggest supermarket
group, saw its sales growth accelerate in its latest quarter, helped by
inflation and a spate of warm weather, though it cautioned trading conditions
remained tough.

* IMAGINATION TECHNOLOGIES: British chip designer Imagination Technologies
said it had made no progress in its battle with its biggest customer
Apple, and the sale of the company triggered by the dispute was
continuing with talks with potential buyers.

* HUNTING: Oilfield services company Hunting Plc on Tuesday said its
revenue for the first half was boosted by onshore drilling in the United States,
particularly in shale oil regions such as the Permian basin in West Texas.

* ANGLE: Angle reported successful headline data in U.S. and
European ovarian cancer studies in 400 patients.

* ASTRAZENECA: High Court papers indicate a dispute between drug companies
AstraZeneca Plc and GlaxoSmithKline Plc after AstraZeneca CEO
Pascal Soriot sought to impose a 12-month notice period on a key lieutenant when
he tried to join its rival GlaxoSmithKline, according to court documents, The
Times reported on Monday. http://bit.ly/2tJPMv0

* BARCLAYS: Four former Barclays Plc directors have been released
on bail after appearing in court in London on Monday to face charges that they
conspired to commit fraud during the bank’s 12 billion pound ($15.56
billion)emergency fundraising in 2008, The Telegraph reported on Monday. http://bit.ly/2uDADI0

* BRITAIN-EU: The British government sought to reassure drug companies and
biotech firms on Monday by calling for continued co-operation with the European
Union over drug regulation after Brexit.

* ECB: Spooked by a market backlash, some European Central Bank policymakers
are having doubts about signalling in July that they are moving closer to
dialling back their easy money policy.

* GOLD: Gold edged higher on Tuesday, supported by a ballistic missile test
by North Korea and an easing dollar, but was still sitting near seven-week lows
hit in the previous session.

* OIL: Oil prices retreated in Asian trade on Tuesday, halting a run of
eight straight days of gains on signs that a persistent rise in U.S. crude
production is running out of steam.

* The UK blue chip index closed 0.9 percent higher at 7,377.09 points on
Monday, bolstered by strong gains among financials, miners and energy companies
as oil prices firmed.

* 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 Justin Varghese; Editing by Sunil Nair)


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