March 29, 2017 / 6:44 AM / in a year

UPDATE 1-UK Stocks-Factors to watch on March 29

(Adds company news items, futures)

March 29 (Reuters) - Britain’s FTSE 100 index is seen opening up 24 points on Wednesday as Britain submits formal notice of its intention to leave the European Union, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.

* SAGA: British over-50s travel and insurance company Saga Plc reported a 5.6 percent increase in full-year pretax profit as Britain’s vote to leave the European Union did not dent demand for holidays among Britons over 50 years old.

* TUI: European travel and tourism company TUI reiterated its target of reaching at least 10 percent growth in underlying full-year operating profit after seeing solid demand for Winter and Summer bookings.

* RYANAIR: Irish low-cost airline Ryanair warned that it would not be able to fly between Britain and Europe if the country did not agree a new aviation deal as part of the Brexit negotiations which will be triggered later on Wednesday.

* BP: BP plans to sell more refineries without investing in new plants despite growing oil production and will focus on modernising existing operations while expanding its network of filling stations to generate $3 billion in additional cash.

* TESCO: Tesco, Britain’s biggest retailer, remains committed to its agreed 3.7 billion pound ($4.7 billion) takeover of wholesaler Booker despite opposition from some big shareholders, its boss said on Tuesday.

* ACACIA: Gold miner Acacia Mining Plc on Tuesday denied allegations that it was trying to export gold and copper concentrates in spite of a ban by the Tanzanian government.

* BREXIT: Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union.

* BRITAIN INFLATION: The British public’s expectations for inflation over the coming year fell in March, despite a sharp pick up in the country’s most closely watched measure of price growth, a monthly survey by bank Citi and polling firm YouGov showed.

* BOE: Bank of England interest rate-setter Ian McCafferty said on Tuesday he did not know whether he would vote to increase borrowing costs at the next meeting of the BoE’s policymakers in May.

* The UK blue chip index ended up 0.7 percent on Tuesday, underpinned by a recovery in miners and banks as well as a surge in Wolseley’s shares following strong results.

* 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 Rahul B in Bengaluru; Editing by Sherry Jacob-Phillips)

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