UK Stocks-Factors to watch on August 11

Aug 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0.1%.

* AVAST: U.S. cybersecurity company NortonLifeLock Inc NLOK.O said on Tuesday it has agreed to buy London-listed rival Avast Plc AVST.L for up to $8.6 billion in cash and shares to create a leader in consumer security software.

* BP: The Gambian government said on Tuesday BP BP.L has agreed to settle a $29.3 million outstanding commitment to drill an exploration oil well in the West African country's offshore A1 block, which the company was awarded two years ago.

* VECTURA: The takeover battle for British drugmaker Vectura Group VEC.L will not go to auction on Wednesday after private equity firm Carlyle CG.O declared its 958 million pounds ($1.33 billion) bid as final before the deadline.

* OIL: Oil prices consolidated strong overnight gains as a bullish outlook for U.S. fuel demand outweighed concerns about mobility curbs in Asia with the spread of the highly infectious COVID-19 Delta variant.

* GOLD: Gold prices edged higher, as worries over a surge in coronavirus' Delta variant cases offset pressure from a stronger dollar and bond yields, while investors awaited for U.S. inflation data later in the day.

* Signs of improvement in British consumer spending drove the mid-cap index to a record high on Tuesday, while gains in betting firm Flutter and a recovery in energy stocks supported the FTSE 100.




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Reporting by Shanima A in Bengaluru

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