UPDATE 2-UK Stocks-Factors to watch on March 11

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UPDATE 2-UK Stocks-Factors to watch on March 11

(Adds futures, company news)
March 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up on
Friday, with futures FFIc1 for the index up 1.4 percent at 0733 GMT. For more
on the factors affecting European stocks, please click on The UK blue chip index closed 1.8 percent lower at 6,036.70 points, its
lowest close since late February, on Thursday after a sharp fall in commodities
stocks offset an earlier rally fuelled by the European Central Bank's move to
cut its deposit rate.
* BHP BILLITON: Samarco, a joint venture between Brazil's Vale SA VALE5.SA
and Australia's BHP Billiton BLT.L , expects to restart production at its iron
ore mine in Minas Gerais by the start of the fourth quarter, its chief executive
told Reuters on Thursday, less than a year after a burst tailings dam there
killed 19 people.
* OLD MUTUAL: Anglo-South African financial services company Old Mutual Plc
OML.L said on Friday it would split up its four main units - Old Mutual
Emerging Markets, Old Mutual Wealth, Nedbank Group NEDJ.J and OM Asset
Management OMAM.N to unlock value.
* JD WETHERSPOON: Pubs group JD Wetherspoon JDW.L reported a 3.9 percent
dip in first-half pretax profit and said government tax policy was penalizing
pubs and restaurants that were struggling to compete with supermarket sales of
cheaper alcohol.
* JUST RETIREMENT: Just Retirement Group Plc JRG.L reported a 43 percent
jump in first-half operating profit and said its almost $1 billion acquisition
of rival Partnership Assurance PA.L would complete next month.
* OIL: Oil prices jumped on Friday supported by fresh investment and a
strong yuan, which makes fuel cheaper for Chinese importers, but analysts warned
that any price rally was pre-mature as a global glut remained in place. O/R

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