UK Stocks-Factors to watch on July 7



July 7 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday with futures FFIc1 up 1.14%.

* DRAX GROUP: Drax Group Plc DRX.L said on Wednesday it had entered into an agreement with National Grid NG.L at the British government's request and now the power generator's two coal-fired units will be available to provide a "winter contingency" service.

* CMA- MICROSOFT: Britain's antitrust watchdog said on Wednesday it had started an investigation into Microsoft Corp's MSFT.O $68.7 billion deal to buy "Call of Duty" maker Activision Blizzard Inc ATVI.O .

* ULTRA-COBHAM: Britain on Wednesday accepted undertakings from both Ultra Electronics ULE.L and rival Cobham, moving a step closer in approving the latter's acquisition of the London-listed defence firm, after having raised security concerns over the deal.

* BRITISH AIRWAYS: British Airways will cut more flights during the crucial summer holiday months, as airlines and airports across Europe struggle to keep up with strong post-pandemic demand from holidaymakers.

* OIL: Oil prices slipped in early Asian trade after hitting a nearly three-month low during the previous session, as fears of a potential global recession spurred concerns about oil demand.

* GOLD: Gold prices edged up from nine-month lows touched in the previous session, after a break in the dollar's rally alleviated pressure on bullion, but analysts warned that the relief was likely to be temporary.

* FTSE 100: UK stock markets on Wednesday rebounded from a sharp sell-off, with exporter-heavy FTSE 100 benefiting from a weakness in sterling as economic worries were compounded by a crisis in Boris Johnson's government.

* UK CORPORATE DIARY:

Entain

ENT.L

Trading

Update Persimmon

PSN.L

Trading

Update Jet2 Plc

JET2.L

FY results Watches of WOSG.L

FY results Switzerlan

d

Currys

CURY.L

FY results Victrex

VCTX.L

Q3 interim

management

statement John Wood

WG.L

Trading

Update Ferrexpo

FXPO.l

Q2

Production

Report Shell

SHEL.L

Pre-result

s update

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

TODAY'S UK PAPERS

> Financial Times

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