UK Stocks-Factors to watch on July 12

Tue Jul 12, 2016 1:12am EDT
 
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July 12 (Reuters) - Britain's FTSE 100 index is seen opening down 10
points, or 0.1 percent lower, according to financial bookmakers. 
    
    * The UK blue chip index ended up over 1 percent at its highest level since
August 2014 on Monday at 6682.86, led by housebuilders, which had fallen sharply
on expectations of slower growth. The British pound rose above $1.30 and stocks
struck 11-month highs on Monday as Theresa May looked set to be confirmed as
prime minister after her remaining rival withdrew from the contest. 
    * SHIRE: The U.S. Food and Drug Administration on Monday approved Shire
Plc's lifitegrast eye drops for treating signs and symptoms of dry eye
disease, allowing the company to bring to market its most important pipeline
medicine.  
    * SHELL: Royal Dutch Shell Plc and its LNG Canada partners have
once again pushed back the timing of a decision on building a British Columbia
liquefied natural gas export terminal, the latest setback for the Canadian
province's energy ambitions. 
    * SHELL: Anglo-Dutch oil company Royal Dutch Shell was awarded a
tender last week to sell 1 million barrels of Nigeria's Bonny Light crude to a
group of refining firms in Argentina, traders said on Monday. 
    * ITV: ITV Plc, Britain's biggest free-to-air commercial
broadcaster, said on Monday it had agreed to sell UTV Ireland to Virgin Media, a
company owned by Liberty Global Plc, for an undisclosed amount.
 
    * ROLLS-ROYCE: Britain's Rolls-Royce said it would buy the 53.1
percent of Spain-based aircraft engine and components maker ITP it does not yet
own for 720 million euros ($796 million), in a deal which will up its exposure
to its Trent aero-engine revenues.  
    * UK GOVERNMENT: Interior minister Theresa May will become Britain's prime
minister on Wednesday, with the task of steering its withdrawal from the
European Union, after rival Andrea Leadsom abruptly terminated her disastrous
leadership campaign. 
    * US/UK: President Barack Obama is confident that the "special relationship"
between the United States and Britain will continue after Theresa May becomes
British prime minister, the White House said on Monday. 
    * UK FINANCIALS: Britain's next Prime Minister Theresa May must find ways to
protect London's financial sector as the country negotiates its exit from the
European Union, senior lawmaker Stephen Hammond said on Monday. 
    * UK GROWTH FORECASTS: The European Commission has revised down its
forecasts for growth in the euro zone and in Britain after the British vote to
leave the European Union, in early estimates unveiled on Monday by the economic
affairs commissioner Pierre Moscovici. 
    * NICKEL/COPPER: London nickel and copper rose for a third day on Tuesday on
Philippine supply concerns, and after investors took heart from a robust U.S.
labour report. 
    * OIL: Oil futures rose on Tuesday as an interruption in Iraqi crude
loadings at Basra threatened to tighten supplies, but prices held close to
two-month lows hit in the previous session as investors continued to slash their
bullish bets. 
    * UK RETAIL SPENDING: British consumer spending slowed in June as bad
weather added to uncertainty around the June 23 referendum on Britain's
membership of the European Union, a survey showed on Tuesday.    

    * UK CORPORATE DIARY:
 Jaywing PLC                           Full Year
 Galliford Try PLC                     Full Year
 Begbies Traynor Group PLC             Full Year
 Premier Oil PLC                       Trading and Operations Update
 Pagegroup PLC                         Q2
 ASOS PLC                              Q3
 
    TODAY'S UK PAPERS
    > Financial Times                      
    > Other business headlines             

 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)