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UK Stocks-Factors to watch on July 17

Britain's FTSE 100 index is seen opening up 10 points at 7,611, according to financial bookmakers. * MARKS & SPENCER: British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market. * TEMPEST: Britain unveiled a model of a sleek proposed fighter jet named Tempest on Monday meant to eventually replace the Eurofighter Typhoon jet that will be developed and built by
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