September 11, 2017 / 6:57 AM / 2 months ago

UPDATE 1-UK Stocks-Factors to watch on Sept 11

(Adds company news items and futures)

Sept 11 (Reuters) - Britain’s FTSE 100 index is seen opening up 28 points at 7,405 on Monday, according to financial bookmakers, with futures up 0.47 percent ahead of the cash market open.

* VODAFONE: Vodafone said it would spend about 2 billion euros ($2.4 billion) to provide around 13.7 million new ultrafast broadband connections to homes and businesses by the end of 2021 in Germany, its biggest European market.

* ASSOCIATED BRITISH FOODS: Associated British Foods raised its outlook for full-year results on Monday, thanks to a strong performance from its Primark fashion business.

* CARILLION: British construction services company Carillion said its finance chief, Zafar Khan, would step down with immediate effect.

* AstraZeneca: Two AstraZeneca drugs tackling lung cancer in different ways delivered encouraging results on Saturday, helping the British group offset July’s big clinical trial setback in the disease.

* SHELL: Shell’s Nigerian business has signed a $300 mln deal with Shoreline Energy to develop gas pipeline infrastructure in the country, Financial Times reported on Sunday.

* PETRA DIAMONDS: Tanzania said on Saturday it planned to nationalise diamonds whose value it put at $29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-declaring its mineral exports.

* BRITAIN ECONOMY: British consumers stepped up their domestic spending last month for the first time since April, as more of them holidayed at home due to the Brexit hit to the pound, payment card company Visa said on Monday.

* BRITAIN BANKS: Britain and the European Union should accept each other’s rules governing financial services in a “flexible” trade deal that offers unfettered market access to big banks but protects small investors, according to proposals made in a draft industry document seen by Reuters on Friday.

* BRITAIN BROADBAND: Britain said 645 million pounds ($850 million) would be available to provide superfast broadband to more remote locations after a higher-than-expected take up of services delivered a windfall in funding.

* OIL: Oil prices edged up on Monday after the Saudi oil minister discussed possibly extending a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts.

* The UK blue chip FTSE 100 index ended down 0.3 percent at 7,377.60 point on Friday, as a fall in mining stocks put pressure on the index, while British consumer-facing stocks came into sharp focus after pub operator Greene King’s shares plunged following a bleak trading update.

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

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 * For Top News : topnews.reuters.com (Reporting by Siju Varghese)

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