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UPDATE 1-UK Stocks-Factors to watch on August 2
Published at 02/08/2021 at 07:31

(Adds news items)

Aug 2 (Reuters) - Britain's FTSE 100 index is seen opening higher on Monday, with futures up 0.50%.

* MEGGITT: U.S. industrial firm Parker-Hannifin said it has agreed to buy Meggitt in a deal valuing the British engineering group at 6.3 billion pounds ($8.76 billion).

* SSE: SSE said it would sell its 33.3% stake in gas distribution operator Scotia Gas Networks for 1.225 billion pounds to Ontario Teachers' Pension Plan Board and Brookfield Super-Core Infrastructure Partners.

* SENIOR: Senior Plc reported a first-half profit compared with a loss a year ago, as its end markets showed signs of recovery.

* SANNE GROUP: Sanne Group said it was in advanced talks with Apex on a possible cash offer to be made by the fund services group at 920 pence per share.

* HSBC: HSBC Holdings reported forecast-beating first-half pretax profit that more than doubled from a weak performance last year when it made huge provisions for pandemic-related bad loans.

* MORRISONS: Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a 6.3 billion-pound offer from a group led by another U.S. buyout firm, Fortress, the Sunday Times reported.

* COVID-19: British ministers plan to warn holidaymakers against visiting destinations such as Spain and may create a new list of countries at high risk of moving to the government's quarantine list, The Times newspaper reported.

* GOLD: Gold prices edged lower as the dollar held steady, with traders eyeing monthly U.S. jobs data to gauge the health of the labour market.

* OIL: Oil prices fell by more than $1 on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer.

* London's FTSE 100 ended lower on Friday, weighed down by miners over concerns that rising coronavirus infections globally could derail economic growth.

* For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines ($1 = 0.7191 pounds)

(Reporting by Shanima A in Bengaluru)

((shanima.a@thomsonreuters.com; (Within UK +44 20 7542 1810; Outside UK+91 80 6182 2587; Direct: +91 77 6034 7399 );))