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UPDATE 1-UK Stocks-Factors to watch on July 13

(Adds futures, news items) Britain’s FTSE 100 index is seen opening 52 points higher at 6,148 on Monday, according to financial bookmakers, with futures up 1.2% ahead of cash markets open.

* QUIZ: British fashion retailer Quiz said it had suspended activity with a supplier following a media report that the supplier was not meeting legal minimum wage requirements at one of its factories in the English city of Leicester.

* 5G: BT CEO Philip Jansen on Monday urged the British government not to move too fast to ban China’s Huawei from the 5G network.

* PRIMARK: Primark, the fashion retailer owned by AB Foods, said it would not take advantage of a British government scheme to pay employers for bringing back staff from furlough.

* INVESTMENT: Britain will spend 705 million pounds on border infrastructure to help keep trade flowing after its transition deal with the European Union expires.

* FINANCE: British finance minister Rishi Sunak is preparing to introduce sweeping tax cuts and an overhaul of planning laws in up to 10 new “freeports” within a year of the UK’s becoming fully independent.

* ECONOMY: Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year.

* VACCINE SCHEME: Britain has turned down the chance to join a 2.4 billion euro European Union plan to secure advance purchases of promising COVID-19 vaccines.

* OIL: Oil slipped nearly 1% as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts.

* The UK blue-chip index closed about 0.8% higher on Friday, propped up by a rebound in heavyweight financial stocks.

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

TODAY’S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Tapanjana Rudra)

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