(Adds futures, companies items)
Jan 11 (Reuters) - Britain's FTSE 100 index is seen opening down 16
points on Wednesday, according to financial bookmakers, with futures
down 0.1 percent ahead of the cash market open.
* The UK blue chip index hit fresh record highs on Tuesday, boosted by gains
among retailers, while a rally in mining stocks more than offset weaker
financials, helping European shares end slightly in positive territory. It
closed up 0.52 percent at 7275.47 points.
* SAINSBURY'S: Sainsbury's, Britain's second-biggest supermarket,
on Wednesday beat forecasts for underlying sales in its Christmas quarter and
said it was well placed to deal with the pressures it faces in 2017.
* COBHAM: British engineering group Cobham said it made 245 million
pounds ($298 million) in trading profit in 2016, at least 10 million pounds
short of its target, and as a result of poorer than expected trading would scrap
its final dividend.
* FOXTONS GROUP: London-focussed estate agent Foxtons said it
expected core earnings to nearly halve to a lower-than-expected 25 million
pounds ($30 million) in 2016, as sales fell for much of last year, hit by the
Brexit vote and a property tax hike.
* CINEWORLD: British cinema operator Cineworld Group Plc said
full-year group revenue rose 8.3 percent on a constant currency basis as movies
such as "Star Wars: Rogue One", "Fantastic Beasts and Where To Find Them", and
"The Jungle Book" drew record number of viewers to its screens.
* TULLOW OIL: Africa-focused oil producer Tullow Oil said Chief
Operating Officer Paul McDade will be its next chief executive, replacing CEO
and founder Aidan Heavey who will become chairman.
* SHELL: Royal Dutch Shell Plc shut a gas oil hydrotreater on
Tuesday after a fire on a coking unit at its 285,500-barrel-per-day (bpd)
joint-venture refinery in Deer Park, Texas, Energy News Today reported.
* OIL: Oil rose on Wednesday, lifted by reports of Saudi supply cuts to
Asia, but gains were capped by a lack of detail about the reductions and because
of signs of rising supplies from other producers.
* OIL PRODUCTION/SPENDING: Oil and gas companies will increase spending in
2017 and more than double new project developments as they gain confidence that
a two-year oil price slump is behind them, consultancy Wood Mackenzie said.
* BREXIT/EU: The extent of Britain's future membership of the European
Union's single market will be determined in upcoming Brexit negotiations with
the bloc, a junior minister in Britain's Brexit department said on Tuesday.
* BRADFORD & BINGLEY: Sale of nationalised mortgage bank Bradford & Bingley
has attracted a range of hedge funds and private equity firms but only one UK
Bank, who are in the final stages of bidding for 12.5 billion pounds of
mortgages being sold by the UK government, the Financial Times reported on
Wednesday citing people briefed on the plans. http://on.ft.com/2j4jNiT
* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
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(Reporting by Rahul B and Vidya L Nathan in Bengaluru; Editing by Sunil Nair)