FACTBOX: Expected timetable in battle for ABN AMRO

(Reuters) - Britain's Barclays on Monday launched a rival offer for ABN. Its mostly share offer is currently worth about 64 billion euros.




Here is an expected timetable of events, based on information from the companies:


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FTSE dips, tracking Wall St. on credit concerns

(Reuters) - Britain's top share index dipped early on Monday on fresh concerns over global credit markets after Bear Stearns said it was weathering the worst storm in financial markets in more than 20 years.

At 0738 GMT, the FTSE 100 was down 21.1 points, or 0.34 percent, at 6,203.2, having closed 1.2 percent lower on Friday.


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RBS says Corporate Mkts up in July despite turmoil

(Reuters) - Johnny Cameron, head of RBS's Corporate Markets division,
said it was difficult to predict when markets would return to
normal but said "by the end of this quarter I expect to see the
market back in business".




Goodwin also said he expected the cost of insurance claims
related to floods in Britain in July to be similar to the 125
million pounds of claims it suffered in June.


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FTSE sags as credit jitters persist; property shows gains

(Reuters) - The FTSE 100 index of Britain's leading shares reversed earlier gains in choppy trade on Friday although real estate stocks lent support despite concerns over U.S. credit risks and rising interest rates.

At 1114 GMT, the UK's main index was 16.1 points, or 0.3 percent, lower at 6,235.1, but had pulled away from near four-month lows, with investors still wary that U.S. subprime lending concerns could spread into other areas of the economy.


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FTSE outperforms European markets on GSK, telecoms

(Reuters) - Britain's top share index crawled higher in choppy trade on Wednesday as GlaxoSmithKline and telecoms shares provided support, but worries about the U.S. supbrime market limited gains ahead of key housing data.

At 1150 GMT, Britain's FTSE was up 0.3 percent at 6,518.O after sliding 1.9 percent to a near one-month low in the previous session. The index outperformed benchmarks in Germany and France, which were down sharply.


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UPDATE 1-Liberty Property Trust to buy Republic Property

(Reuters) - Liberty Property, which owns, develops and manages
industrial and office properties in the United States and
Britain, said it will acquire Republic's outstanding common
shares for $14.70 a share in cash, which was 28 percent more
than Republic's closing share price on July 23.




Liberty will also assume debt of $415 million as of March
31.


Read more at Reuters.com Bonds News

Markets inured to Anglo-Russian friction -analysts

(Reuters) - Russian stocks shed 1 percent after Britain escalated its
response to Russia's refusal to extradite Andrei Lugovoy, the
prime suspect in the fatal poisoning last year of emigre
Alexander Litvinenko.




State-controlled oil firm Rosneft scrapped a $2
billion Eurobond, blaming volatile markets and preferring to
wait to refinance some of its $22 billion in short-term debt.


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RBS-led group lifts cash part of $98 bln ABN bid

(Reuters) - LONDON/AMSTERDAM, July 16 - A consortium led by Royal Bank of Scotland on Monday kept its offer to buy Dutch bank ABM AMRO at 71.1 billion euros but raised the amount of cash it is offering after having to exclude ABN's U.S. arm from the purchase.



The offer is above a rival bid from Britain's Barclays that is worth about 64 billion euros , which has been recommended by ABN's board.


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Bank of America set for Chicago, Michigan touchdown

(Reuters) - The ruling by the Dutch Supreme Court said ABN AMRO Holding NV does not need shareholder approval to sell LaSalle to Bank of America, the second largest U.S. bank. That in turn may make it easier for Britain's Barclays Plc to buy the rest of ABN AMRO and fend off a rival bid led by Royal Bank of Scotland Plc .




LaSalle has about 411 branches, 1,500 automated teller machines and 1.4 million customers. Its addition would give Charlotte, North Carolina-based Bank of America more than 6,100 branches and push it to the 10 percent federal cap on deposits nationwide. The bank would surpass JPMorgan Chase & Co. as Chicago's largest, with about 16 percent of area deposits.


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U.K. FTSE 100 Index Falls, Led By British Airways; Legal & General Drops

(Bloomberg) -- U.K. stocks dropped for the first day
in three, paced by British Airways Plc and EasyJet Plc after
Britain raised its terror alert.

Legal & General Plc and Royal & Sun Alliance Insurance Group
Plc led insurers lower also on concern claims tied to floods in
the U.K. will rise. Mining stocks limited declines, paced by
Lonmin Plc on speculation the platinum producer maybe a takeover
target.


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UK's Fraud Office to question BAE executives-paper

(Reuters) - The investigation was looking at BAE's dealings in Romania,
the Czech Republic, Tanzania and South Africa, it said.




Britain's former prime minister Tony Blair halted a probe of
a BAE deal with Saudia Arabia by the UK's SFO last December,
saying the investigation jeopardised national security and
relations with the Gulf kingdom.


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Darling Inherits a Fraying U.K. Economy as Brown's Successor at Treasury

(Bloomberg) -- Alistair Darling, Britain's new
chancellor of the exchequer, faces what may be the toughest task
in Prime Minister Gordon Brown's government: steering a fraying
economy with Brown looking over his shoulder.

Brown, who as chancellor oversaw the longest expansion in
two centuries, appointed the 53-year-old Darling as his
successor yesterday. Darling worked under Brown at the Treasury
in 1997, then ran the Departments of Trade and Industry and of
Work and Pensions for former Prime Minister Tony Blair.


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Total still in talks on Venezuela, hopes deal on Tues

(Reuters) - On Monday, a government official told Reuters that Total,
Chevron Corp. , Norway's Statoil and Britain's
BP Plc planned to sign a nationalisation accord that
would keep them in the massive Orinoco oil reserve projects.




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Miners, banks pull FTSE down amid global sell-off

(Reuters) - Britain's leading shares fell for a sixth consecutive day on Monday, as world markets tracked steep falls on Wall Street at the end of last week, with mining stocks and banks bearing the brunt of the decline.

Miners, which snatched 9 points off the index, all traded in the red as copper prices fell. Anglo American shed 2.2 percent and Xstrata fell 2.4 percent. Antofagasta lost 1.5 percent after a downgrade from Cazenove.


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Barclays Capital Gains Approval for Tokyo Commodity Exchange Membership

(Bloomberg) -- Barclays Capital, a unit of
Britain's third-biggest bank, won approval to become a member of
the Tokyo Commodity Exchange, as rising raw materials prices
drive investor interest in commodities.

Tocom, Japan's largest commodities futures exchange,
approved the application at a board meeting held in Tokyo today,
the exchange said in a statement released to reporters.


Read more at Bloomberg Commodities News

European Stocks Pare Gains After ZEW Survey; Tesco Declines on Sales

(Bloomberg) -- European stocks pared gains after a
report showed German investor confidence unexpectedly fell in
June. Tesco Plc dropped after Britain's largest supermarket
operator reported sales that missed analysts' estimates.

The Dow Jones Stoxx 600 Index added less than 0.1 percent to
397.97 as of 10:12 a.m. in London, after rising as much as 0.3
percent earlier. The Stoxx 50 increased 0.1 percent, while the
Euro Stoxx 50, a measure for the nations sharing the euro, gained
less than 0.1 percent.


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FTSE climbs; Qatari stake-build boosts Sainsbury

(Reuters) - Britain's leading share index extended gains on Friday, joining a global stock market rally, with Sainsbury leaping into the lead after a Qatari group raised its stake in the supermarket chain.

Sainsbury jumped 4.8 percent after investment group Delta (Two) Ltd., said it had bought 123 million shares in the British supermarket group at 595 pence per share, boosting its stake in the firm chain to 25 percent.


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FTSE edges higher on US sentiment; PPI data eyed

(Reuters) - The FTSE 100 index of Britain's leading shares edged up on Thursday on the back of the overnight rise in Asian and U.S. markets following U.S. economic data.

The Dow posted its best day since July after the data signalled strength in U.S. consumer spending and a Federal Reserve report showed no increase in wage pressures while the economy grew last month.


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U.K. House Prices Increase at Their Slowest Pace For a Year, RICS Reports

(Bloomberg) -- U.K. house prices rose at the slowest
pace in a year in May, a sign higher interest rates may be
starting to cool Britain's property boom, the Royal Institution of
Chartered Surveyors said.

The number of real-estate agents and surveyors reporting
higher home values in England and Wales outnumbered those showing
declines by 23.9 percentage points in the quarter through May, the
least since April 2006, the organization said. In London, the
balance fell to a three-month low.


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