UPDATE 2-UK Stocks-Factors to watch on Jan 5
(Updates futures, company news)
Jan 5 (Reuters) - Britain's FTSE 100 index is seen opening up 42 to 57 points, or 0.94 percent higher on Tuesday, according to financial bookmakers, with futures up 1.15 percent by 0748 GMT ahead of the cash market open. For more on the factors affecting European stocks, please click on
* The UK blue chip index closed 2.4 percent lower at 6,093.43 points on Monday, its biggest fall on the first trading day of the year since 2000. Basic resources stocks slumped in Britain, as poor factory activity data from China prompted investors to cut their exposure to the shares.
* BRITISH AMERICAN TOBACCO: Britain's drug regulators have given the go-ahead for a British American Tobacco electronic-cigarette vaping device to be sold as a quit smoking medicine, the first such product to be given a drug licence in the UK.
* BARCLAYS: Barclays Plc plans to shut its India equities business as part of the British bank's efforts to slash costs and boost profit, two sources with direct knowledge of the development said on Monday.
* NEXT: Britain's Next reported disappointing sales in the run-up to Christmas, with the normally reliable retailer blaming the unusually warm weather in November and December for a slowdown that could hit the wider sector.
* AA: Motoring group AA Plc said it had launched a connected-car joint venture which would allow it to provide faster roadside assistance by pre-empting and diagnosing breakdowns.
* BRITAIN FLOODS: Consultancy PwC raised its estimate of the economic impact of the three storms that battered Britain in December to 2-2.8 billion pounds ($2.96-4.14 billion) on Monday, and warned losses could climb further, with scores of flood alerts still in place. Continuación...