UPDATE 1-UK Stocks-Factors to watch on July 7

jueves 7 de julio de 2016 02:58 GYT

(Adds futures, company news items)

July 7 (Reuters) - Britain's FTSE 100 index is seen opening up by 66-72 points, or 1-1.1 percent, on Thursday, according to spreadbetters at CMC and IG, with futures up 0.85 percent ahead of the cash market open.

* The UK blue chip index closed down 1.3 percent on Wednesday led lower by retail and property-related stocks, which extended losses made after Britons voted to leave the European Union, and by a decline in energy stocks as oil prices slipped.

* MARKS AND SPENCER: British retailer Marks & Spencer on Thursday reported a worse-than-expected fall in quarterly underlying sales in its clothing division, reflecting a weak market, price cuts and fewer promotions.

* AB FOODS: Associated British Foods upgraded its earnings guidance on Thursday, reversing a previous forecast for a decline this year, after being buoyed by an improvement in its sugar business and the weaker pound in the third quarter.

* BOVIS HOMES: British builder Bovis said it was too soon to assess the impact of the Brexit vote on the housing market as it reported its reservation rate, where buyers pay a fee to take a property off the market, was flat in the first half of the year.

* SPORTS DIRECT: British retailer Sports Direct posted a worse-than-expected 15 percent drop in annual profit on Thursday, blaming tough conditions on the high street and negative publicity about its working practices.

* GREAT PORTLAND: Great Portland Estates, a central London property and investment company, said it expected the Brexit vote to hit economic growth and confidence in the British capital, taking a toll on commercial property markets.   Continuación...