UK Stocks — Factors to watch on Nov 29

LONDON, Nov 29 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index is seen rising
on Monday, rallying after falls on Friday, after the European Union finally
agreed a rescue package for debt-strapped Ireland, although underlying concerns
over weakened euro zone members such as Portugal and Spain remain.

The UK blue chip index looks set to climb 15 to 20 points, or as much as 0.4
percent, according to financial bookmakers, after it closed down 30.23 points,
or 0.5 percent, at 5,668.70 on Friday.

EU finance ministers on Sunday endorsed an 85 billion-euro ($115 billion)
loan package to help Ireland cover the country’s bad bank debts and bridge its
budget deficit, and approved the outlines of a permanent crisis-resolution
system called the European Stability Mechanism. [ID:nLDE6AR0MC]

On the domestic macroeconomics front, Bank of England consumer credit,
mortgage lending and mortgage approvals data are scheduled for release at 0930
GMT.

Also on Monday, the Office for Budget Responsibility is to publish its
autumn forecast.

No significant U.S. data is due for release on Monday, with investors’ main
focus to be on the November U.S. non-farm payrolls, due on Friday.

GLOBAL MARKETS-Euro shrugs off Irish deal, doubts abound [ID:nSGE6AR02]

S&P futures rise after news of Irish aid package [ID:nN28258005]

Nikkei claws back towards 5-mth high as yen helps [ID:nTOE6AS04O]

Euro at 2-month low, focus moves to Portugal, Spain [ID:nTOE6AS02Z]

Oil approaches two-week high on Ireland rescue [ID:nL3E6MT043]

Gold bounces from lows; jewellers buy [ID:nL3E6MT01W]

Copper steady after Ireland deal, doubts linger [ID:nL3E6MT04J]

UK stocks to watch on Monday:

TESCO (TSCO.L: )

Greenergy, a supplier of fuel to British supermarket petrol stations, has
launched a 1 billion pound-plus ($1.6 billion) bid to buy Total France’s
(TOTF.PA: ) UK retail network, the Mail on Sunday reported. [ID:nLDE6AR07G]

Greenergy, in which the world’s no.3 retailer Tesco owns a 35.6 percent
stake with the balance held by management and staff, is also interested in
acquiring 460 forecourts from U.S. oil firm Murco, said the newspaper.

BP (BP.L: )

BP said it had agreed to sell its stake in Argentina-based oil and gas group
Pan American Energy to Bridas Corp, half-owned by China’s CNOOC (0883.HK: ), for
$7 billion, as it raises cash to pay for the Gulf oil spill. [ID:nLDE6AR059]

BRITISH AIRWAYS (BAY.L: )

Shareholders of BA and Iberia (IBLA.MC: ) are expected to approve the merger
of the two airlines today, with shareholder meetings taking place.

CAIRN ENERGY (CNE.L: )

India’s oil secretary S. Sundareshan said a decision on Cairn Energy’s
application to transfer majority stakes in its Indian assets to Vedanta
Resources (VED.L: ) will be taken before end-February. [ID:nDEL003701]

SOUTHERN CROSS (SCHE.L: )

Private equity firm Blackstone (BX.N: ) is drawing up plans to mount a
takeover bid of Southern Cross, the British care home operator it used to own,
the Sunday Telegraph reported. [ID:nLDE6AR09O]

GARTMORE (GRTR.L: )

Henderson Global Investors is weighing up a rescue bid for Gartmore and has
asked its advisers JPMorgan Cazenove and UBS to assess the feasibility of buying
part or all of the group, The Financial Times said on Saturday.

BLACKS LEISURE (BSLA.L: )

The Mail on Sunday cites sources as saying Blacks Leisure may be broken up
if it fails to find a buyer.

PUNCH TAVERNS (PUB.L: )

Punch Taverns is considering plans to offload 6,000 tenanted pubs to its
bondholders to slash its debt, the Sunday Times reported. [ID:nLDE6AR0AT]

ACAL (ACL.L: )

The provider of technology products reports first-half results.

IOMART GROUP (IOMG.L: )

The web hosting provider reports first-half results.

PHOENIX IT GROUP (PHIT.L: )

The IT services company posts first-half results.

TODAY’S UK PAPERS

> Financial Times [PRESS/FT]

> Other business headlines [PRESS/GB]

(Reporting by Tricia Wright)

UK Stocks — Factors to watch on Nov 29