UPDATE 1-UK Stocks-Factors to watch on July 10

  • Reuters
  • Stock Market News
UPDATE 1-UK Stocks-Factors to watch on July 10
Credit: © Reuters.

(Adds futures, company news item)

July 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 36 points higher on Monday, according to financial bookmakers, with futures FFIc1 up 0.5 percent ahead of the cash market open.

* TALKTALK: TalkTalk Telecom TALK.L said on Monday that Chief Financial Officer Iain Torrens intends to step down from the board later this year and will be succeeded by Kate Ferry, the current director of investor relations and corporate affairs at Dixons Carphone DC.L .

* SHIRE: Pharmaceutical group Shire SHP.L said on Sunday it had obtained a preliminary injunction in a Hamburg court against rival Roche ROG.S over its haemophilia drug emicizumab, alleging incomplete and misleading statements surrounding the treatment.

IMAGINATION TECH: Apple Inc AAPL.O on Friday disputed the timeline of events leading up the disclosure by Imagination Technologies Group Plc IMG.L that Apple plans to drop the graphics chip supplier, a loss of the UK company's largest customer that sent shares plummeting.

ITV: Electrical goods retailer Dixons Carphone's DC.L chief executive, Sebastian James, was approached about taking the top job at broadcaster ITV ITV.L , with the bosses of easyJet EZJ.L and Direct Line DLGD.L already in the running, Sky News reported on Saturday, without citing its sources.

OPHIR ENERGY: British oil and gas explorer Ophir Energy 's OPHR.L Chief Operating Officer William Higgs will step down as the company reduces costs by cutting staff positions at its London headquarters, the company said on Friday.

UK ECONOMY: The chances of Britain's economy picking up steam diminished further on Monday as surveys showed major companies have curtailed their investment plans and that consumers spent less on their credit cards. The UK blue chip index closed ended the day up 0.2 percent at 7,350.92 points on Friday, reversing earlier losses after weak housing data drove sterling to a nine-day low, helping the index's dollar earners. A change in broker recommendation also prompted easyJet to rise.

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