May 29, 2018 / 6:53 AM / 7 months ago

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

 (Adds company news item, futures)
    May 29 (Reuters) - Britain's FTSE 100         index is seen
opening 36 points lower at 7,695 on Tuesday, according to
financial bookmakers, futures         down 0.7 percent ahead of
the cash market open.
    
    * STANDARD LIFE ABERDEEN: Standard Life Aberdeen        
plans to return as much as 1.75 billion pounds ($2.3 billion) to
its shareholders in the wake of the sale of its insurance
business to Phoenix Group         .             
    * IWG: U.S. real estate investment company Prime
Opportunities Investment Group said on Tuesday IWG Plc        
had rejected its offer approach for the British serviced office
provider.            
    * DIXON CARPHONES: British retailer Dixons Carphone       
said profit would fall by 21 percent in the current year, as its
new chief executive warned that he needed to fix problems at the
company and close shops at a time of a contracting UK electrical
market.            
    * SAFESTYLE: British windows and doors retailer Safestyle UK
Plc         , which issued a profit warning in April, said on
Tuesday its non-executive Chairman Peter Richardson resigned
with immediate effect, a month after assuming the
role.            
    * VEDANTA RESOURCES: India's Tamil Nadu state has ordered a
permanent closure of a big copper smelter run by London-listed
Vedanta Resources        , the state chief minister said on
Monday, after protests demanding its shutdown killed 13 people
last week.             
    * ITV PLC: British broadcaster ITV Plc         is
considering entering into a joint venture valued at 1 billion
pounds ($1.33 billion) with BBC to acquire half of broadcaster
UKTV, the Telegraph newspaper reported on Monday.            
    * PRET A MANGER: Luxembourg-based JAB Holdings is set to buy
British sandwich chain Pret A Manger IPO-PRET.L for 1.5
billion pounds ($2.0 billion), including debt, from its private
equity owners, the Financial Times reported late on Monday.
            
    * ROYAL BANK OF SCOTLAND: Britain could sell a 10 percent
stake in Royal Bank of Scotland         as soon as this week,
Sky News reported on Monday, citing banking sources.            
    * STANDARD CHARTERED: Standard Chartered's          private
equity arm is seeking to sell its stake in a unit of Saudi
Binladin Group, the construction group whose owners were
entangled in Saudi Arabia's anti-corruption purge, said three
sources familiar with the matter.            
    * OIL: Oil prices were mixed in Asian trading on Tuesday,
but remained under pressure from expectations that Saudi Arabia
and Russia would pump more crude to ease a potential shortfall
in supply.            
    * The UK blue chip index ended the day up 0.18 percent at
7,730.28 points on Friday.
    * For more on the factors affecting European stocks, please
click on: cpurl://apps.cp./cms/?pageId=livemarkets
 
        
    TODAY'S UK PAPERS
    > Financial Times                                
    > Other business headlines                       
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 (Reporting by Harish Bhaskar)
  
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