Spanish stocks - Factors to watch on Thursday

MADRID, Nov 12 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

BRITISH AIRWAYS PLC (BAY.L) IBERIA (IBLA.MC)

The British and Spanish flag carriers could announce a merger agreement as early as this week, Sky News reported on Wednesday citing unidentified sources.

For more information, click on [ID:nnLC620837]

TELEFONICA (TEF.MC)

Telefonica is expected to report a 0.9 percent rise in net profit in the nine months to September from a year ealier, as weakness in its core European businesses is countered by a tight rein on costs. See [ID:nL6457953] Conference call at 1500 GMT