UPDATE 1-UK Stocks-Factors to watch on March 7

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UPDATE 1-UK Stocks-Factors to watch on March 7
Credit: © Reuters.

(Adds company news item, futures)

March 7 (Reuters) - Britain's FTSE 100 futures FFIc1 were flat ahead of the cash market open on Tuesday.

* SHAWBROOK: British bank Shawbrook Group Plc SHAW.L said on Tuesday it had rejected an improved proposal be bought by two private equity firms for 825 million pounds ($1 billion). DIRECT LINE: British insurer Direct Line DLGD.L reported a 22 percent fall in full-year operating profit on Tuesday, after the government changed the way personal injury claims are calculated, pushing up lump sum payments. INTERSERVE: Support services and construction company Interserve Plc IRV.L named Debbie White as chief executive, with effect from Sept. 1. ASHTEAD: Britain's Ashtead Group Plc AHT.L stuck by its annual earnings forecast on Tuesday as strong growth in the industrial equipment rental company's main North American market and a weaker British pound helped it to an 8 percent rise in third-quarter profits. JUST EAT: Online food delivery company Just Eat JE.L reported a 93 percent rise in earnings to 115 million pounds ($140.59 million), broadly in line with forecasts, and said it expected 2017 to be another year of "material growth". WORLDPAY: British payment processor Worldpay Group Plc WPG.L reported better-than-expected full-year underlying earnings, helped by strong performance in e-commerce payments. TESCO/BOOKER: The hefty savings that can be made by reducing food waste are one of the factors behind Tesco 's TSCO.L 3.7 billion pound ($4.5 billion) takeover offer for wholesaler Booker BOK.L , the British supermarket chain's chief executive says. BRITAIN RETAIL: British consumers are cutting back on non-essential spending as the impact of last year's Brexit vote pushes up the cost of their day-to-day shopping, two surveys showed on Tuesday. BRITAIN BANKS: A draft report on the impact of Brexit on Britain's financial industry warns banks and staff would "leach" away, undermining the wider UK economy, if they do not have access to European Union markets, according to sources who have read the report. INVESTMENT BANKING FEES: A spate of big deals by financial services companies in Europe could earn investment banks an estimated $332 million in advisory fees, with Goldman Sachs (NYSE: GS ) GS.N set to take the lion's share of the pot. BRITAIN OIL: A recent surge in North Sea deals, driven by private equity money, will inspire other investors to spend more in the ageing basin where gross revenue has turned positive for the first time in five years, Britain's oil lobby said. SHELL/ARAMCO: The co-owners of the Motiva Enterprises joint refining venture plan to end their partnership and divide their three U.S. Gulf Coast refineries. The UK blue chip index closed down 0.3 percent on Monday, in line with losses in the broader European index .STOXX , as weakness in mining stocks outweighed the positive impact of a potential 11 billion pound merger between Scottish fund managers Standard Life (LON: SL ) and Aberdeen Asset Management. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

* UK CORPORATE DIARY:

Aggreko Plc

AGGK.L

Full Year

2016 Shawbrook Group Plc

SHAW.L

Full Year

2016 Ibstock Plc

IBST.L

Full Year

2016 Ashtead Group Plc

AHT.L

Q3 2017 ST Ives Plc

SIV.L

Half Year SDL Plc

SDL.L

Full Year

2016 Lookers Plc

LOOK.L

Full Year

2016 IP Group Plc

IPO.L

Full Year

2016 Intertek Group Plc

ITRK.L

Full Year

2016 Direct Line

DLGD.L

Full Year Insurance Group Plc

2016 Worldpay Group Plc

WPG.L

Full Year

2016 Just Eat Plc

JE.L

Full Year

2016

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