(Adds company news item, futures)
* 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:
2016 Shawbrook Group Plc
2016 Ibstock Plc
2016 Ashtead Group Plc
Q3 2017 ST Ives Plc
Half Year SDL Plc
2016 Lookers Plc
2016 IP Group Plc
2016 Intertek Group Plc
2016 Direct Line
Full Year Insurance Group Plc
2016 Worldpay Group Plc
2016 Just Eat Plc
TODAY'S UK PAPERS
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