UK Stocks-Factors to watch on Wednesday Nov.28

Wed Nov 28, 2012 7:46am GMT

LONDON Nov. 28 (Reuters) - Britain's FTSE 100 index is seen opening lower on Wednesday, reversing the previous session's gains, with December futures for the index down 0.2 percent.

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* Wall Street fell on Tuesday, Asian shares ended a seven-day winning streak and commodities eased on Wednesday as investors fretted that a lack of progress in talks on U.S. budget woes risked putting the world's largest economy into recession, dragging global growth down with it.

* The UK blue chip index closed 12.99 points, or 0.2 percent higher on Tuesday at 5,799.71, with banks among the gainers, after a deal was reached over Greek debt.

* SMITH & NEPHEW - The artificial hip and knee maker said it was expanding in the fast-growing area of bioactive wound care by acquiring privately-held U.S. firm Healthpoint for $782 million in cash.

* UNITED UTILITIES GROUP - The multi-utility said its revenues rose by 30 million pounds in the first half of the year to 823 million pounds due to price rises. Underlying operating profit, however, was down 8 million pounds to 316 million pounds. It said it is on track to meet regulatory outperformance targets.

* ARM HOLDINGS - Shares in the chip-maker rose 2.4 percent to a 12-year high of 754.25 pence on Tuesday, with the Daily Mail attributing the rise to talk of a 1,200 pence/share offer from U.S. rival Intel.

* THOMAS COOK GROUP - The travel operator said its full-year underlying operating profit fell 49 percent to 156 million pounds but current trading is good, with summer 2012 ending strongly and winter 2012/13 off to a good start.

* Blue chips AMEC, Johnson Matthey, National Grid, and Tate & Lyle are scheduled to trade ex-dividend on Wednesday, taking 2.49 points off the FTSE 100, according to Reuters calculations.

TODAY'S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134(Reporting by Francesco Canepa)

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