UK Stocks-Factors to watch on July 7
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LONDON, July 7 (Reuters) - Britain's FTSE 100 index is seen opening about 12 points higher, or up 0.2 percent on Tuesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* Futures for the index were up 0.2 percent by 0628 GMT.
* The UK blue chip index closed 0.8 percent lower at 6,535.68 points in the previous session.
* MARKS & SPENCER - The British retailer said underlying sales in its non-food business slipped in its first quarter, a setback for the group after a return to growth in the previous three months. nFWN0ZL023]
* BARCLAYS - The British bank said it has spent more than $150 million to develop a resolution plan for its U.S. operations that would allow it to be wound down if it hits trouble, and warned of further extra compliance costs ahead.
* RIO TINTO - The Australian state of New South Wales has proposed changing its mining approval process to give greater consideration to environmental concerns, potentially threatening a colliery expansion planned by mining giant Rio Tinto.
* TESCO - Private equity firm KKR & Co has re-entered the list of eligible bidders for Tesco's South Korean business after offering to increase its bid price, the Korea Economic Daily reported on Tuesday.
* ASTRAZENECA - The company has agreed to pay $46.5 million and Cephalon $7.5 million to resolve allegations that the two drug firms underpaid rebates owed under the Medicaid programme, the U.S. Justice Department said on Monday. Continuación...