(Adds company news items and futures.)
Dec 19 - Britain's FTSE 100 index is seen 11 points lower at 6,691, with futures down 0.06 percent ahead of the cash market open on Wednesday.
* GSK: GlaxoSmithKline plans to split into two businesses -- one for prescription drugs and vaccines, the other for over-the-counter products -- after forming a new joint venture with Pfizer's consumer health division.
* VIRGIN ATLANTIC: Virgin Atlantic Ltd said on Wednesday talks with Flybe Group Plc about a potential takeover offer for the British regional airline were ongoing.
* YU GROUP: YU Group, a supplier of gas and electricity to British businesses, said the country's financial watchdog is planning to investigate whether announcements made by the company between March 6 and Oct. 24 reflected its financial status.
* GOLD: Gold prices edged higher to a more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of the U.S. central bank from its two-day policy meeting.
* OIL: Oil prices rebounded on Wednesday after falling for the past three sessions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilise.
* The UK blue chip index closed 1.1 percent lower on Tuesday, as perpetuating concerns over slowing global growth and an oversupply of oil spooked investors.
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
> Financial Times
> Other business headlines (Reporting by Samantha Machado in Bengaluru)