UPDATE 1-UK Stocks-Factors to watch on Jan 27

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UPDATE 1-UK Stocks-Factors to watch on Jan 27
Credit: © Reuters.

(Adds futures, company news item)

Jan 27 (Reuters) - Britain's FTSE 100 .FTSE futures FFIc1 were up 0.2 percent ahead of the cash market open on Friday.

* The UK blue chip index closed down 0.04 percent at 7161.49 points on Thursday as earning updates provided a mixed picture with Diageo DGE.L surging after strong sales data but Daily Mail DMGOa.L and Unilever ULVR.L hit by disappointing numbers.

* TESCO: Britain's biggest supermarket Tesco TSCO.L said it would buy the country's largest cash and carry wholesale supplier Booker BOK.L in a recommended share and cash merger which valued Booker at about 3.7 billion pounds ($4.64 billion). BT: BT BT.L , the telecoms group reeling from an accounting scandal and a slowdown in its government work, said it was seeing record growth in its EE mobile unit and good momentum in consumer operations in a bid to reassure investors.

BT's head of continental Europe, Corrado Sciolla, is stepping down after the company revealed an accounting scandal at its Italian operation. BATS: British American Tobacco (BAT) BATS.L has reached a principle agreement to acquire the tobacco assets of Bosnian holding firm Fabrika Duhana Sarajevo (FDS) FDSS.SJ from an Austrian fund, the two companies said in a joint statement on Thursday. SHELL: A Nigerian court has ordered the temporary forfeiture of assets and the transfer of operations of a long-disputed oilfield owned by Shell RDSa.L and Eni ENI.MI , among others, to the federal government, court papers released on Thursday showed. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

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