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UK Stocks-Factors to watch on September 11 (updated)

UPDATE 1-UK Stocks-Factors to watch on September 11

Adds new items, updates futures

- Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.15%.


* BERKELEY: British homebuilder Berkeley Group BKGH.L said on Friday that buyer sentiment remained subdued, with some customers likely to defer transactions until after the UK's October budget.

* DIAGEO: Kenya's competition regulator has approved Diageo's DGE.L sale of its 65% stake in East African Breweries Plc EABL.NR to Japan's Asahi Holdings 2502.T, the brewer said on Thursday.

* SHELL: Shell's SHEL.L North American unit said on Thursday it has agreed to sell its interests in a gas-fired power plant complex in Rhode Island to Constellation Energy CEG.O for $715 million, while also expanding into the lucrative U.S. Mid-Atlantic power market.

* UK ECONOMY: Britain's economy grew by a much stronger-than-expected 0.4% in July, monthly figures from the Office for National Statistics showed on Friday.

* GRID UPGRADE DELAYS: Britain's National Audit Office said in a report on Friday that many upgrades to the country's electricity transmission grid are at risk of not being delivered and could increase short-term costs for consumers.

* OIL: Oil prices fell but both major benchmarks are on track to end the week above $100 a barrel for the first time since mid-May.

* GOLD: Gold prices headed for a third consecutive weekly fall, despite edging higher, as market expectations for a Federal Reserve interest rate hike strengthened, while traders awaited a key U.S. inflation report later in the day.

* METALS: Copper was set to snap a 10-week winning streak, despite a marginal rise, after Reuters reported that the White House had yet to decide on refined copper tariffs, triggering a sharp drop from record highs.


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

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB


(Compiled by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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