Britain's FTSE 100 index is seen opening higher on Wednesday, with futures up 0.80%.

* INFLATION: British inflation fell by more than expected in June and was its slowest in more than a year at 7.9%, according to official data that will ease some of the pressure on the BoE to keep on raising interest rates sharply.

* STERLING: The pound headed for its biggest one-day drop this month after data showed UK inflation slowed faster than expected in June.

* TATA: India's Tata will build an electric vehicle battery plant in Britain, the company and the government said.

* NATIONAL GRID: Britain's National Grid said it would sell further 20% stake in its UK gas transmission and metering business to existing majority owners.

* AVIVA: Aviva said it expected to deliver around 700 million pounds ($907.20 million) in group operating profit in the first half of 2023.

* ANTOFAGASTA: Chilean miner Antofagasta lowered full-year copper output forecast to 640,000-670,000 metric tonnes from 670,000-710,000 metric tonnes.

* SEVERN TRENT: Severn Trent said it had strong start to financial year, with encouraging reservoir levels helping British water supplier stay well-positioned for summer months.

* HARGREAVES LANSDOWN: Britain's Hargreaves Lansdown reported higher net new business and assets under administration in the fourth quarter, compared with the prior three-month period.

* RIO TINTO: Rio Tinto flagged concerns about a global economic slowdown as it logged a raft of production issues across its operations but said its iron ore production should be at the upper end of its expectations for the year.

 

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

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Hani Kollathodi and Radhika Anilkumar in Bengaluru)