September 27, 2016 / 6:36 AM / in 2 years

UPDATE 1-UK Stocks-Factors to watch on Sept. 27

(Adds futures, company news)

Sept 27 (Reuters) - Britain’s FTSE 100 index is seen opening up 44 points on Tuesday, or as much as 0.7 percent, according to financial bookmakers, with futures also up 0.7 percent ahead of the cash market open.

* The UK blue chip index closed down 1.3 percent on Monday at 6818.04, its worst one-day percentage decline since late June when Britain voted to leave the European Union. Lloyds pushed banks lower after a downgrade by Goldman Sachs and miners tracked weaker metals prices.

* VODAFONE: Vodafone’s $7.2 billion cash injection into its Indian business has turned up the heat just days ahead of an $84 billion airwave auction which could decide who wins and loses in one of the world’s fastest-growing telecoms markets.

* BHP: Samarco Mineração SA, the Brazilian iron ore mining joint venture owned by Vale SA and BHP Billiton Ltd , that suspended operations in November following a dam disaster, missed an interest payment on a $500 million bond that was due on Monday, trustee Bank of New York Mellon Corp said.

* CENTRICA: Centrica, Britain’s largest utility company, is in the process of selling all of its Canadian oil and gas assets and exiting operations in the country, a company spokesman said on Monday.

* THOMAS COOK: Travel company Thomas Cook stuck to its annual profit guidance on Tuesday, after strong demand for summer holidays to destinations other than Turkey helped offset pressure on the group.

* QINETIQ: British defence group Qinetiq said on Tuesday it had appointed David Smith, Rolls-Royce’s outgoing chief financial officer, to succeed David Mellors as its CFO in the new year.

* WOLSELEY: Heating and plumbing products supplier Wolseley said on Tuesday it would close 80 UK branches and a distribution centre, leading to up to 800 job losses.

* CLOSE BROTHERS GROUP: British lender Close Brothers Group reported a 4 percent rise in full-year adjusted operating profit, helped by the strength of its banking division and said it had seen little direct impact on its businesses from Britain’s vote to leave the European Union.

* BREXIT: France and Germany will make the case for the European Union’s most ambitious defence plan in almost two decades on Tuesday, aiming to persuade sceptical easterners and avoid a showdown with Britain over its military future outside the bloc.

* BREXIT: Brexit will be more painful for the rest of Europe than for Britain which could emerge stronger and better off than its European neighbours, Mathias Doepfner, chief executive of Axel Springer, told the Financial Times.

* OIL: Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session. The dollar was also weighing on oil prices after rising against a basket of currencies, suggesting markets were judging Democrat Hillary Clinton as the winner in the first U.S. presidential debate with Republican candidate Donald Trump.

* UK OIL: Industry group UK Oil and Gas has slashed its estimate of Britain’s existing oil and gas reserves by a third, saying weak oil prices have made it less likely that some resources will ever be retrieved.

* METALS: Nickel dropped more than 2 percent on Tuesday, falling for a second day on speculation that expected mine closures in the Philippines, the world’s biggest nickel ore supplier, may not limit supply as much as originally thought. Copper slid about half a percent, while aluminium eased after climbing to its highest in almost five weeks in the previous session on dollar weakness and strong European demand.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit * For Top News : (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)

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