UPDATE 2-UK Stocks-Factors to watch on Jan 11

lunes 11 de enero de 2016 03:53 GYT

(Updates futures, adds company news items)

Jan 11 (Reuters) - Britain's FTSE 100 index is seen opening down 21-30 points, or 0.4-0.5 percent, on Monday, according to financial bookmakers, with futures down 0.3 percent by 0749 GMT ahead of the cash market open. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed 0.7 percent lower at 5,912.44 on Friday, as China's decision to let the yuan weaken rattled global markets and oil shares came under pressure as Brent gave up early gains to trade near an 11-1/2 year low.

* SABMILLER: Japanese beverage maker Asahi Group Holdings Ltd will submit a bid as early as next week to buy SABMiller PLC's Grolsch and Peroni beer brands for as much as 400 billion yen ($3.41 billion), the daily Yomiuri reported.

* ASDA: Asda, the British supermarket arm of U.S. retailer Wal-Mart, will spend a further 500 million pounds ($726 million) cutting prices, it said on Sunday, firing 2016's first shot in a price war that has raged for two years.

* SAINSBURY/ HOME RETAIL: Goods not in stock can arrive within hours at Argos stores, seven days a week, the result of a push to turn the catalogue retailer into a digital business. This has made Argos parent Home Retail attractive to supermarket Sainsbury's as it prepares for grocery competition from U.S. online giant Amazon.

* BARCLAYS: Eleven former employees of Deutsche Bank, Barclays and Societe Generale are due to become on Monday the first people charged formally with conspiracy to rig Euribor, an international benchmark used to set interest rates on a wide range of financial products, including mortgages.

* UK INSURERS/ FLOODS: Britain's insurers are expected to pay 1.3 billion pounds ($1.89 billion) to cover damage caused by floods in December and early January, the Association of British Insurers said on Monday.   Continuación...