UK Stocks — Factors to watch on July 19

LONDON, July 19 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) is seen falling 23 to
24 points at open on Monday, tracking weakness in Asia as concerns on global
growth dogged sentiment.

The blue-chip index is seen dropping around 0.5 percent after it lost 1
percent on Friday to close at 5,158.85, hurt by weak U.S. data, which also
punished Asian stocks on Monday.

The MSCI index for Asian stocks outside Japan (.MIAPJ0000PUS: ) dropped 1
percent as investors sold riskier assets following a sharp drop in U.S. consumer
sentiment on Friday.

Fresh concerns over Hungary’s ability to pay its debts prompted safe haven
buying, lifting gold and also adding to the more risk averse sentiment acting as
a drag on equities.

Bank of America (BAC.N: ), the biggest U.S. bank, slid more than 9 percent
after its quarterly earnings disappointed and the S&P financial index (.GSPF: )
dropped 4.4 percent as investors fretted about how banks will make money going
forward.

In a sign that the domestic UK economy is facing stiff headwinds, asking
prices for British homes fell for the first time this year in July, lowering the
annual rate of growth to 3.7 percent from 5.0 percent in June, property website
Rightmove showed on Monday. [ID:nLDE66F0XD]

* US STOCKS-Wall St dives on weak consumer sentiment, revs [ID:nN16136853]

* GLOBAL MARKETS-Asia stocks slide as U.S. growth fears grow[ID:nSGE66I02U]

* TREASURIES-Consolidate in Asia before Bernanke’s testimony[ID:nTOE66I02A]

* Euro dips, pulls away from 2-month high [ID:nTOE66I02F]

* PRECIOUS-Gold steadies as Hungary raises fresh euro worry [ID:nSGE66I04M]

* METALS-Shanghai copper lower, LME pares loss; data drives [ID:nSGE66I016]

* Oil falls below $76 as poor U.S. data fans econ fears [ID:nSGE66I01G]

UK stocks to watch on Monday are:

BP (BP.L: )

Engineers monitoring BP’s damaged well in the Gulf of Mexico detected
seepage on the ocean floor that could mean problems with the cap that has
stopped oil from gushing into the water, the U.S. government’s top oil spill
official said on Sunday. [ID:nN18131133]

VODAFONE (VOD.L: )

Indian steel-to-shipping conglomerate Essar Group has been in talks with
banks to explore options, including an initial public offering, for its stake in
its Indian telecoms venture with Britain’s Vodafone (VOD.L: ), according to three
people familiar with the matter. [ID:nSGE66G026]

BRITISH AIRWAYS (BAY.L: )

A group named Crew Defence, representing 75 British Airways employees, has
accused the airline’s management of discrimination against employees based in
Scotland, Ireland, and mainland Europe, the Guardian reported.

UNILEVER (ULVR.L: )

The food producer is expected to announce the sale of Italian food business
Findus Italy to Birds Eye Iglo in a deal worth more than 800 million euros, the
Financial Times said.

http://www.ft.com/cms/s/0/acc7b68a-92b8-11df-9142-00144feab49a.html

Separately, the Daily Telegraph reported Unilver has finally gained a
licence to sell its Kibon brand of ice cream in the public areas of Rio de
Janeiro, after 30 years of struggling to wrest the exclusive licence from its
Swiss rival Nestle.

BT GROUP (BT.L: )

The telecoms group is preparing to bid for a multi-billion pound government
contract to provide smart meters to 28 million homes in the UK, the Independent
said.

STHREE GROUP (STHR.L: )

The recruiter releases its first half results.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]
(Reporting by Simon Falush)

UK Stocks — Factors to watch on July 19