UK Stocks — Factors to watch on Tuesday June 8

LONDON, June 8 (BestGrowthStock) – Britain’s FTSE 100 (.FTSE: ) index
is seen opening down 24-26 points, or 0.5 percent on Tuesday,
according to financial bookmakers, extending Monday’s decline in
tandem with overnight falls on Wall Street, although a slight
rally by Asian stocks could limit the early weakness.

The UK blue chip index closed 56.94 points, or 1.1 percent
lower on Monday at 5,069.06 paced by weak energy and mining
stocks as commodity prices retreated on demand concerns
following downbeat U.S. jobs data last week, and with euro zone
debt concerns.

U.S. stocks (Read more about the stock market today. ) fell on Monday, with the S&P 500 (.SPX: ) index
reaching its lowest close in seven months, as Friday’s payrolls
report weighed on industrials and technology shares.

However, Asian stocks rose modestly overnight as traders
paused in their sell-off of riskier assets, ahead of Chinese
economic data, and the euro bounced from a four-year low.

U.S. Federal Reserve chairman Ben Bernanke said late on
Monday that European leaders are committed to ensuring the
survival of the euro and have enough money to meet obligations
of heavily indebted member countries. [ID:nLDE657021]

Euro zone ministers have inked a deal on the Special Purpose
Vehicle (SPV) to raise up to 440 billion euros ($525.4 billion)
to lend to the region’s countries that become entangled in debt
payments problems. [ID:nLDE65701M]

On the domestic macro front, British retail sales rebounded
in May, lifted by warmer weather at the end of the month and the
upcoming soccer World Cup tournament, but consumers are still
reluctant to make major purchases, a British Retail Consortium
survey showed on Tuesday. [ID:nSLA7HE66V]

No other important British economic data is due for release
on Tuesday, and the only interest across the Atlantic will be
June IBD U.S. consumer confidence numbers, due at 1400 GMT.

* GLOBAL MARKETS-Euro, stocks edge up as risk selloff pauses

* Wall St tumbles, S&P’s lowest close in 7 months


* Nikkei edges up after key support level holds


* Euro, yen crosses lifted by round of short covering


* Oil gains towards $72 on expected U.S. inventory drop


* LME copper ticks up after 6-day loss, bounce wobbly


* Gold ticks lower after rally towards record


UK stocks to watch on Tuesday are:

BP (BP.L: )

The oil firm says its containment cap system at the Gulf of
Mexico leak site collected 7,541 barrels of oil from midnight
Sunday through noon Monday. [ID:nWEN5599]


Swedish-Swiss firm ABB (ABBN.VX: ) has launched an all-cash
860 million pounds recommended offer for Chloride at a price of
325 pence per share, trumping a rejected 300 pence per share
offer from U.S. industrials group Emerson (EMR.N: ).

G4S (GFS.L: )

The security providers rose on Monday on revived rumours
that a private equity consortium led by Kohlberg Kravis Roberts
is lining up a 5.3 billion cash offer worth 375 pence a share,
the Daily Mail’s Market Report said.


The British oil explorer is looking to raise 40 million
pounds to fund further testing of its closely watched Sea Lion
oil find in the Falkland Islands, the Financial Times said.


The gas distributor has applied for a 650 million pound
($943.1 million) loan to help finance two British gas storage
development projects, the European Investment Bank (EIB) said on
Monday. [ID:nLDE65626F]


BSkyB and HP-owned EDS (HPQ.N: ) have finally settled the
litigation between them related to EDS’s former roles as a
supplier to Sky for a total amount of 318 million pounds, which
includes interim payments of 270 million pounds made by EDS in
February. [ID:nWLA5767]


BAE, Europe’s largest defence company, is to provide the
British Ministry of Defence with a million new rounds of
lead-free ammunition for testing, The Timers said.


The Unite trade union has held talks with British Airways
cabin crew regarding the terms of a new strike ballot. Unite is
expected to make an announcement regarding the possibility of a
summer of walkouts when the last of three five-day strikes
finishes on Wednesday, The Guardian said.


The temporary power firm issues a trading update.


The retailer releases a trading update.


The engineer reports full-year results.


The optical components manufacturer posts first-half


The infrastructure consultancy unveils full-year results.


The aerospace parts supplier releases full-year results.


The media group posts full-year results.


The oil & gas explorer reports full-year results.

VP (VP.L: )

The equipment rental firm releases full-year results.


The pharmaceutical services group holds its annual general


The hazardous waste manager holds its annual general

Stock Research

(Reporting by Jon Hopkins; Editing by Mike Nesbit)

UK Stocks — Factors to watch on Tuesday June 8