UK Stocks-Factors to watch on July 20



July 20(Reuters) - Britain's FTSE 100 index .FTSE is seen opening higher on Wednesday, with futures FFIc1 up 0.56%.

* PREMIER FOODS: Premier Foods PFD.L on Wednesday reported a rise in its first quarter sales as the maker of Mr Kipling cakes and OXO cubes benefited from robust demand for its sweet treats and grocery products.

* ANTOFAGASTA: Chilean miner Antofagasta Plc ANTO.L cut its full-year copper output target to 640-660,000 tonnes, hit by a leak in an underground pipeline that transports concentrate from its flagship project, combined with water shortage at the mine.

* MORSES CLUB: British subprime lender Morses Club PLC MCLM.L said on Wednesday it was pursuing a potential use of a so-called scheme of arrangement to deal with the high levels of redress claims that threaten to jeopardise its future.

* ROYAL MAIL: Royal Mail RMG.L said on Wednesday it expects annual adjusted operating profit at its UK business to be "around break-even", after it reported a quarterly loss due to higher costs and a "stalled" transformation due to labour disputes.

* ABRDN: British asset manager Abrdn Plc ABDN.L is preparing to sell its private equity business as part of a streamlining process under Chief Executive Stephen Bird, Sky News reported on Tuesday.

* LSEG: The London Stock Exchange Group LSEG.L said on Tuesday it has launched a taskforce to drive through financial reforms announced by British government to buttress the capital's attraction for global investors.

* MEGGITT: Britain's business minister Kwasi Kwarteng has approved the 6.3 billion-pound ($7.57 billion) takeover of London-based defence firm Meggitt MGGT.L by U.S. engineering and aerospace company Parker-Hannifin PH.N , his department said on Tuesday.

* POLYMETAL: Polymetal POLYP.L is considering disposing of its Russian assets in a shift to focus on its operations in Kazakhstan, the gold and silver producer said on Tuesday, sending its London-listed shares up 35%.

* UK's benchmark FTSE 100 index rose on Tuesday as a buoyant global mood and strong gains by banks and consumer staples offset fears of a big interest rate hike next month after stronger-than-expected jobs data.

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

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Reporting by Muhammed Husain in Bengaluru; Editing by Vinay Dwivedi

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