July 6, 2018 / 6:43 AM / 3 months ago

UPDATE 1-UK Stocks-Factors to watch on July 6

 (Adds company news items and futures)
    July 6 (Reuters) - Britain's FTSE 100         index is seen opening 26
points higher at 7,630 on Friday, according to financial bookmakers, with
futures         up 0.44 percent ahead of the cash market open.
        
    * ROLLS-ROYCE: Rolls-Royce Holdings        said it would sell its
loss-making commercial marine business to Kongsberg Gruppen ASA          for an
enterprise value of 500 million pounds ($661 million), in the latest reshaping
of the engineering company by CEO Warren East.            
    * BCA MARKETPLACE: Apax Partners does not intend to make further offers for
UK used car auctioneer BCA Marketplace         after the WeBuyAnyCar owner
rejected two acquisition proposals, the companies said in separate statements on
Friday.            
    * INMARSAT-ECHOSTAR: U.S. satellite group EchoStar          said on Friday
it was trying to seek engagement with the board of Inmarsat         after the
British firm rejected its latest takeover offer worth 2.45 billion pounds ($3.2
billion) to equity shareholders.            
    * STOBART: Stobart Group          finance chief Richard Laycock has decided
to step down, the infrastructure and support services firm said on Friday, the
latest in a series of changes in company leadership.            
    * BHP BILLITON: Negotiations between workers and BHP Billiton Plc         at
the Escondida copper mine in Chile, the world's largest, are "far from reaching
agreement" with less than three weeks to go before the negotiation deadline, a
union official told Reuters on Thursday.             
    * SHELL: Three contract workers were injured on Wednesday while working on a
hydrogen line on a sulfur unit at Royal Dutch Shell Plc's          Convent,
Louisiana, refinery, a company spokesman said on Thursday.             
    * GOLD: Gold prices nudged lower amid a steady dollar on Friday, with
investors bracing for any impact on global markets from a deepening trade
conflict between the United States and China.             
    * OIL: Oil prices dipped on Friday in a nervous market ahead of a raft of
import tariffs expected to be imposed later in the day by the world's two
biggest economies, the United States and China.             
    * The UK blue chip FTSE 100         index closed up 0.4 percent at 7,603.22
points on Thursday, as signs of an easing in the trade dispute between the
United States and the European Union helped push the index up with gains in
basic materials and energy stocks, while shares in AB Foods fell after a trading
update.             
    * 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                       

 (Reporting by Siju Varghese)
  
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