October 5, 2016 / 6:46 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on Oct 5

(Adds futures, company news)

Oct 5 (Reuters) - Britain’s FTSE 100 index is seen opening down about 10 points, or 0.14 percent, on Wednesday, according to financial bookmakers, with futures down 0.9 percent.

* The UK blue chip index closed 1.3 percent higher on Tuesday at 7,047 points.

* SABMILLER: Tokyo-based brewer Asahi Group Holdings plans to offer more than 500 billion yen ($4.87 billion) for SABMiller Plc’s beer business in five Eastern European countries, the Nikkei business daily said.

* TESCO: Britain’s biggest retailer Tesco set out plans to increase its profitability in the next three years, after reporting a 60 percent rise in first-half profit and a third straight quarter of UK underlying sales growth.

* TUI: Air Berlin said on Wednesday it had entered discussions with TUI Group and Etihad about a combination of its tourist businesses.

* BHP BILLITON/BP: BHP Billiton said the second phase of its Mad Dog offshore joint venture with BP in the Gulf of Mexico was economical at oil prices below $50 per barrel.

* BREXIT: The British government will only negotiate one deal for when it leaves the European Union, the country’s Brexit minister, David Davis, said on Tuesday, adding that there would be no separate deal for London.

Sterling slid to its lowest level in more than three decades on Tuesday on fears of a “hard Brexit” from the European Union and its single market, although the weaker pound sent UK stocks surging higher.

* DEUTSCHE BANK: Shares in Deutsche Bank rose on Tuesday after major clients and even rivals voiced support for the lender, fearing contagion after concern over its future last week sent the stock to a record low.

* OIL: Oil prices rose in early trading on Wednesday after a report that U.S. fuel inventories may have fallen for a fifth straight week, but contracts remained near the $50 marker where many traders currently see fair value for crude.

* SVG CAPITAL: British private equity firm SVG Capital Plc said on Tuesday it would sell half of its investment portfolio for 379 million pounds and wind down operations by the end of 2017.

* JOHNSTON PRESS: Scotsman publisher Johnston Press Plc said on Tuesday that its credit facility was halved by its lenders.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Vidya L Nathan in Bengaluru, Editing by Sunil Nair)

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