UK Stocks-Factors to watch on July 12
July 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 24 point lower at 7,098 on Monday, according to financial bookmakers, while futures FFIc1 were 0.14% lower.
* DAILY MAIL: Daily Mail and General Trust Plc DMGOa.L said the Rothermere family was prepared to make a 810 million pounds ($1.13 billion) bid for the British company if the divestment of its insurance risk division and Cazoo business go through.
* TATE & LYLE: Tate & Lyle TATE.L said it had agreed to sell a controlling stake in its commercial sweeteners business in a deal that values the new standalone unit at $1.7 billion, including debt.
* ADMIRAL: Admiral ADML.L said it was on track for a higher-than-expected first-half profit due to lower motor accident claims through pandemic lockdowns.
* VIRGIN GALACTIC: British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic rocket plane and safely returned in the vehicle's first fully crewed test flight to space.
* HOUSE PRICES: A boom in Britain's housing market and a surge in global share prices has led to windfall gains for middle-income and richer households during the coronavirus pandemic, research from the Resolution Foundation think tank showed.
* G20: British finance minister Rishi Sunak said that nations must now work to finalise the details of a global deal to agree a minimum corporate tax rate, after finance chiefs of the G20 large economies endorsed the plan on Saturday.
* ECONOMY: Big businesses in Britain are rushing ahead with post-lockdown investment plans that could usher in a long-awaited improvement in the country's weak productivity growth, a survey of chief finance officers showed.
* GOLD: Gold prices eased as a slightly stronger dollar and buoyant equities dimmed the safe-haven metal's appeal.
* OIL: Oil prices were little changed in early Asian trade as an impasse in talks among key producers to raise output in coming months kept supplies tight.
* The UK blue-chip index .FTSE closed 1.3% higher on Friday, boosted by gains in mining and bank stocks, but ended the week flat on signs that the pace of economic recovery could be slower than expected.
* For more on the factors affecting European stocks, please click on:
TODAY'S UK PAPERS
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Reporting by Priyanshi Mandhan in Bengaluru; editing by Vinay Dwivedi
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