March 7, 2017 / 7:46 AM / a year ago

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

 (Adds company news item, futures)
    March 7 (Reuters) - Britain's FTSE 100 futures were flat ahead of
the cash market open on Tuesday.
    * SHAWBROOK: British bank Shawbrook Group Plc said on Tuesday it
had rejected an improved proposal be bought by two private equity firms for 825
million pounds ($1 billion).
    * DIRECT LINE: British insurer Direct Line reported a 22 percent
fall in full-year operating profit on Tuesday, after the government changed the
way personal injury claims are calculated, pushing up lump sum payments.

    * INTERSERVE: Support services and construction company Interserve Plc
 named Debbie White as chief executive, with effect from Sept. 1.

    * ASHTEAD: Britain's Ashtead Group Plc stuck by its annual earnings
forecast on Tuesday as strong growth in the industrial equipment rental
company's main North American market and a weaker British pound helped it to an
8 percent rise in third-quarter profits.
    * JUST EAT: Online food delivery company Just Eat reported a 93
percent rise in earnings to 115 million pounds ($140.59 million), broadly in
line with forecasts, and said it expected 2017 to be another year of "material
    * WORLDPAY: British payment processor Worldpay Group Plc reported
better-than-expected full-year underlying earnings, helped by strong performance
in e-commerce payments.
    * TESCO/BOOKER: The hefty savings that can be made by reducing food waste
are one of the factors behind Tesco's 3.7 billion pound ($4.5 billion)
takeover offer for wholesaler Booker, the British supermarket chain's
chief executive says.
    * BRITAIN RETAIL: British consumers are cutting back on non-essential
spending as the impact of last year's Brexit vote pushes up the cost of their
day-to-day shopping, two surveys showed on Tuesday.
    * BRITAIN BANKS: A draft report on the impact of Brexit on Britain's
financial industry warns banks and staff would "leach" away, undermining the
wider UK economy, if they do not have access to European Union markets,
according to sources who have read the report.
    * INVESTMENT BANKING FEES: A spate of big deals by financial services
companies in Europe could earn investment banks an estimated $332 million in
advisory fees, with Goldman Sachs set to take the lion's share of the
    * BRITAIN OIL: A recent surge in North Sea deals, driven by private equity
money, will inspire other investors to spend more in the ageing basin where
gross revenue has turned positive for the first time in five years, Britain's
oil lobby said.
     * SHELL/ARAMCO: The co-owners of the Motiva Enterprises joint refining
venture plan to end their partnership and divide their three U.S. Gulf Coast
    * The UK blue chip index closed down 0.3 percent on Monday, in line with
losses in the broader European index, as weakness in mining stocks
outweighed the positive impact of a potential 11 billion pound merger between
Scottish fund managers Standard Life and Aberdeen Asset Management.
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
 Aggreko Plc                         Full Year
 Shawbrook Group Plc                 Full Year
 Ibstock Plc                         Full Year
 Ashtead Group Plc                   Q3 2017
 ST Ives Plc                         Half Year
 SDL Plc                             Full Year
 Lookers Plc                         Full Year
 IP Group Plc                        Full Year
 Intertek Group Plc                  Full Year
 Direct Line                         Full Year
 Insurance Group Plc                 2016 
 Worldpay Group Plc                  Full Year
 Just Eat Plc                        Full Year
    > Financial Times                     
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 (Reporting by Rahul B in Bengaluru; Editing by Sherry Jacob-Phillips)
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