UK Factors-FTSE futures rise, Glencore seeks to reassure over debt
LONDON, Sept 30 (Reuters) - Britain's FTSE 100 futures were up 1.2 percent on Wednesday. For more on the factors affecting European stocks, please click on.
* The UK blue chip index closed down 0.8 percent at 5,909.24 points on Tuesday.
* GLENCORE : Mining and commodity trading giant Glencore said it had taken pro-active steps to position the company to withstand the current commodity market conditions. It added that its business remained robust, with positive cash flow, good liquidity and no solvency issues.
* SAINSBURY : British supermarket Sainsbury's said on Wednesday its full year profit was set to exceed analysts' average forecasts despite the firm posting a seventh straight quarter of falling underlying sales.
* ABI /SAB MILLER : Anheuser-Busch InBev is asking banks to underwrite up to $70 billion in debt financing to back its potential takeover of SABMiller, banking sources said.
* BRITISH AMERICAN TOBACCO /IMPERIAL TOBACCO : Japan Tobacco Inc has agreed to pay 600 billion yen ($5 billion) in cash for Reynolds American Inc's Natural American Spirit tobacco business outside the United States, the two companies said in separate statements on Tuesday.
* RIO TINTO : Global miner Rio Tinto on Wednesday said it had agreed to sell its 40 percent stake in the Bengalla coal mine in Australia to New Hope Corp for $606 million, the latest shuffle of Australian coal assets amid a sector-wide downturn. Continuación...