UK Stocks-Factors to watch on Dec. 8

lunes 8 de diciembre de 2014 03:41 GYT

LONDON Dec 8 (Reuters) - Britain's FTSE 100 index is seen opening 2 to 3 points lower, or down 0.04 percent, on Monday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed 0.95 percent higher at 6,742.84 points on Friday.

* BP - The company is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary.

* INTERCONTINENTAL HOTELS GROUP - IHG, one of the world's largest hoteliers, said it had agreed to sell its Paris-Le Grand hotel for 330 million euros ($405 million) to Constellation Hotels.

* RIO TINTO - The miner declined to comment on Monday on whether it would be willing to settle a lawsuit it brought against Brazil's Vale SA over valuable iron ore concessions in Guinea.

* BHP BILLITON - A planned spin-off of businesses by global miner BHP Billiton will be called South32 when it seeks multiple stock listings next year, BHP said on Monday.

* SAINSBURY'S - UK activist investment fund Crystal Amber is in talks with several overseas investors about buying shares in Sainsbury's, as part of a plan to shake up the food retailer that could cause a takeover bid to be made, The Sunday Telegraph newspaper said.

* MARKS AND SPENCER GROUP - The company has had to delay deliveries of online orders by up to two weeks and withdraw next-day delivery services to stores after being beset by problems at the busiest shopping time of the year, The Guardian newspaper reported on Sunday.

* ESURE GROUP - The motor insurer said it had conditionally agreed to buy the remaining 50 percent of Holdings Ltd for 95 million pounds ($147.81 million), raising its holding in the price comparison website to 100 percent.   Continuación...