UK Stocks-Factors to watch on July 16
July 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 14 points lower at 7,026 on Friday, according to financial bookmakers, while futures FFIc1 were 0.39% higher.
* BURBERRY: Burberry BRBY.L said it had made an "excellent start" to its new year, with full-price sales accelerating and strong growth in leather goods and outerwear.
* GLAXOSMITHKLINE: GlaxoSmithKline GSK.L laid out plans to set up a new life sciences campus within its R&D site in Stevenage, England, raising 400 million pounds through the sale of some land at the facility.
* SEGRO: Segro Plc SGRO.L said it had agreed to sell six of its warehouses in Italy to asset manager AXA IM Alts for 127.5 million euros, as a pandemic-led e-commerce boom had boosted demand for such properties.
* RIO TINTO: Rio Tinto RIO.AX RIO.L reported a 12% fall in quarterly iron ore shipments after storms affected its West Australian operations.
* SHELL: Oil and gas major Shell RDSa.L and Iberdrola-owned IBE.MC Scottish Power said on Friday they had joined forces to bid to develop large-scale floating wind farms off the coast of Scotland.
* BP: Energy companies BP Gas Marketing Ltd BP.L , Sempra LNG SRE.N , and IEnova IENOVA.MX said on Thursday that they have entered into a contract for the delivery and receipt of the companies' first carbon offset liquefied natural gas cargo.
* TAX: British Prime Minister Boris Johnson is backing proposals for a new tax to pay for reforms to Britain's social care system under plans that could be agreed within weeks, the Times newspaper reported, citing a source.
* GOLD: Gold prices were headed for a fourth straight weekly gain after the U.S. Federal Reserve allayed investor fears of a faster tightening of monetary policy.
* OIL: Oil prices changed little, heading for their biggest weekly drop since March after supply concerns spooked investors.
* The UK blue-chip index .FTSE marked its worst day in a week on Thursday dragged down by pharmaceutical and energy stocks, while UK-based cybersecurity firm Avast jumped to the top of the index amid merger talks.
* 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 Shailesh Kuber
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