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

Reuters

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 (Adds company news and futures)
    July 12 (Reuters) - Britain's FTSE 100  .FTSE  index is to open 26 points
higher at 7,618 on Thursday, according to financial bookmakers, with futures
 FFIc1  up 0.28 percent ahead of the cash market open.
    
    * PREMIER OIL: Premier Oil's  PMO.L  board has approved its Tolmount gas
project in the UK North Sea ahead of a final investment decision in the third
quarter and the company also expects to start drilling on a first well in Mexico
in the fourth quarter, it said on Thursday.  urn:newsml:reuters.com:*:nL8N1U80XM
    * B&M EUROPEAN VALUE: B&M European Value Retail  BMEB.L  reported 8.3
percent revenue growth in its core British market for the first quarter, helped
by strong sales of gardening and outdoor leisure ranges, and said it remained
confident about its outlook.  urn:newsml:reuters.com:*:nFWN1U801S
    * DFS FURNITURE: British retailer DFS Furniture  DFSD.L  expects full-year
2018 core earning to be below those in 2017 as it suffers from the impact of a
UK heatwave that has kept shoppers out of its stores and disruptions to
supplies, the company warned on Thursday.  urn:newsml:reuters.com:*:nL4N1U82LV
    * COMPUTACENTER: IT services firm Computacenter Plc CCC.L expects full-year
results to be "comfortably in excess" of its prior expectations, driven by
continued momentum within its supply chain business across all geographies,
particularly in Germany.  urn:newsml:reuters.com:*:nL4N1U82LK
    * CAPITA: British outsourcing company Capita Plc  CPI.L  has agreed to sell
its parking management business, ParkingEye, for 235 million pounds ($310.3
million) cash consideration.  urn:newsml:reuters.com:*:nL4N1U82LN
    * THE BANK OF ENGLAND: The Bank of England (BoE) said this year's stress
test of major banks will include how non-core capital buffers stand up to market
and economic stresses.  urn:newsml:reuters.com:*:nL8N1U80X2
    * ASOS: British online fashion retailer ASOS  ASOS.L  said it expected full
year profit to be in line with analysts' consensus expectations although sales
growth for its latest trading period was just short of market forecasts.
 urn:newsml:reuters.com:*:nFWN1U803Z
    * DUNELEM: British homeware retailer Dunelem reported on Thursday nearly
flat like-for-like revenue growth in the fourth quarter, as 42 percent growth in
online sales offset the impact of fewer customers visiting their stores.
 urn:newsml:reuters.com:*:nL4N1U82L5
    * SKY: Comcast Corp  CMCSA.O  on Wednesday raised its offer for Britain's
Sky  SKYB.L  in a deal valuing the pay-TV group at $34 billion, challenging a
raised bid from Twenty-First Century Fox  FOXA.O . urn:newsml:reuters.com:*:nL4N1U73J7
    *  BHP BILLITON: BHP Billiton Plc  BLT.L ,  BHP.AX  handed in a proposal for
a new labor contract to the union at its Escondida copper mine in Chile that
includes a salary readjustment linked to inflation and a $23,000 bonus per
worker, the company said on Wednesday. urn:newsml:reuters.com:*:nL1N1U8034
    * GLENCORE: Glencore Plc  GLEN.L  faces at least two lawsuits by U.S.
shareholders accusing the big Anglo-Swiss mining company of having made false
and misleading disclosures before it received a subpoena in a corruption probe,
and its stock tumbled. urn:newsml:reuters.com:*:nL1N1U71WP
    * NATIONAL GR urn:newsml:reuters.com:*:nL8N1U74IA
    * MICRO FOCUS: Britain's Micro Focus Intl  MCRO.L  reported an 8 percent
decline in revenue for the six months to end-April, as it struggled to integrate
the assets it bought from Hewlett-Packard Enterprise and said it would rack up
another $210 million in exceptionals. urn:newsml:reuters.com:*:nL8N1U74WG 
    * BRITAIN-EU/BANKS: Britain has given up trying to keep full access to the
European Union market for its giant financial services sector after Brexit and
instead will push for an easing of existing rules, the Financial Times
reported. urn:newsml:reuters.com:*:nL8N1U762J
    * FRANCE-FINANCING: France will pare back financial regulations to EU
minimums and introduce new tax incentives to make Paris a more attractive
finance hub, Prime Minister Edouard Philippe said on Wednesday. urn:newsml:reuters.com:*:nL8N1U71SW
    * COPPER: London copper eased on Thursday after heavy losses in the previous
session pushed it to its weakest in a year at one stage as trade tensions
between the United States and China undermined confidence in demand for
metals. urn:newsml:reuters.com:*:nL4N1U817T
    * OIL:  Brent crude rose more than $1 on Thursday, recouping some ground
after its biggest one-day drop in two years in the previous session on news that
Libya would resume oil exports and U.S.-China trade tensions. urn:newsml:reuters.com:*:nL4N1U81JO
    * EX-DIVS: Halma  HLMA.L  will trade without entitlement to their latest
dividend pay-out on Thursday, trimming 0.13 points off the FTSE 100 according to
Reuters calculations  urn:newsml:reuters.com:*:nL8N1U728S 
    * The UK blue chip index fell 1.3 percent on Wednesday, as the United States
threatened to slap 10 percent tariffs on a list of $200 billion worth of Chinese
imports, escalating a trade war and sending jitters across global
markets. urn:newsml:reuters.com:*:nL8N1U74O3
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
        
    TODAY'S UK PAPERS
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    > Other business headlines              PRESS/GB 
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 (Reporting by Harish Bhaskar)
 ((harish.bhaskar@thomsonreuters.com; +918067493686;))

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