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LONDON, July 6 (Reuters) - Britain’s FTSE 100 futures contract fell 1 percent on Monday, with concerns over Greece expected to impact European stock markets, after Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday.
For more on the factors affecting European stocks, please click on .
* The UK blue chip index closed down 0.7 percent at 6,585.78 points on Friday, marking its biggest weekly drop in a month.
* GREECE: Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country’s euro zone membership into further doubt and deepening a standoff with lenders. Greek Finance Minister Yanis Varoufakis, whose forceful denunciations of creditors alienated many of his euro zone colleagues, also resigned on Monday, saying Prime Minister Alexis Tsipras believed it would help smooth the path to a new aid deal.
* ROLLS ROYCE : British engineering company Rolls-Royce downgraded its profit forecasts for this year and next, citing continued weakness in oil and gas markets plus lower demand for some of its aero-engine programmes.
* EASYJET : Budget airline easyJet reported a rise in June passenger numbers.
* BOVIS HOMES : Housebuilder Bovis Homes said it would increase its dividend, as it posted a trading update.
* MONITISE : Mobile banking and payments group Monitise reiterated its full-year 2016 EBITDA profitability target.
* BRITISH BUDGET: Britain’s finance minister George Osborne on Sunday said he had found all 12 billion pounds of welfare cuts he needs as part of his plan to balance the current budget by 2017/18, speaking ahead of his budget announcement on Wednesday.
* LABOUR PARTY: The British Labour Party’s biggest financial backer, trade union Unite, on Sunday backed left-wing lawmaker Jeremy Corbyn to be the party’s new leader.
* BRITISH BANKS: Britain’s banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry and causing them to lose business to overseas rivals.
* CVC/FORMULA ONE: Formula One’s commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters on Saturday.
* UK FLOOD FUND: The new government-backed British flood subsidy fund is preparing to make one of the world’s largest purchases of catastrophe insurance with plans to buy backstop cover worth 2.1 billion pounds, the Financial Times reported.
TODAY‘S UK PAPERS
> Financial Times
> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News visit topnews.reuters.com (Reporting by Sudip Kar-Gupta)