UK Stocks-Factors to watch on Feb 28

Feb 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up about 5 points on Tuesday, according to financial bookmakers.

* The UK blue chip index closed 0.1 percent higher at 7,253.00 points on Monday, helped by earnings updates and weak sterling, although motor insurers were hit by a regulatory change that could lead to higher payouts. SHELL: A Nigerian court will rule on March 13 on a request by Royal Dutch Shell RDSa.L and Italy's Eni ENI.MI to lift the temporary seizing of a long-disputed oilfield, a judge said on Monday. SHELL: Royal Dutch Shell is unlikely to participate in new oil-sands projects as it looks to control costs amid an austere crude oil environment, Bloomberg reported on Monday, citing an interview with Chief Executive Ben Van Beurden. (http://bloom.bg/2m2TOdy)

* UNILEVER/KRAFT: U.S. food company Kraft Heinz Co KHC.O is not targeting any other large deals for now after being snubbed by Unilever Plc ULVR.L because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. UK CONSUMER SENTIMENT: British consumer morale edged lower in February as rising inflation following last year's Brexit vote made householders warier about the outlook for their finances, surveys showed. OIL: U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC's production cuts even as the market remains anchored by rising U.S. production. BREXIT: The European Union will not pick an immediate fight with the City of London over its right to clear euro-denominated securities, EU officials said on Monday, as Britain prepares to trigger the process of quitting the bloc. UK SPENDING: The UK government is failing to recognize "clear warning signs" that public services are nearing a breaking point after six years of spending cuts, The Financial Times reported, citing a new report from the Institute for Government published on Tuesday. (http://on.ft.com/2mxXcuj)

* UK BUDGET: Chancellor of the Exchequer Philip Hammond will have an extra 29 billion pounds to allocate in next week's budget, the Times reported, citing a think tank. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:

Bodycote PLC

BOY.L

Full Year 2016 Bodycote PLC

Earnings Release Jardine Lloyd

JLT.L

Preliminary Q4 2016 Jardine Thompson Group PLC

Lloyd Thompson Group PLC

Earnings Release Moneysupermarket.Co MONY.L

Full Year 2016 m Group PLC

Moneysupermarket.Com Group

PLC Earnings Release Croda International CRDA.L