BP Share News (BP.)

Sept 18 (Reuters) - Britain's FTSE 100 index is seen opening 12 points lower at 7,309 on Wednesday, according to financial bookmakers.

* DIAGEO: Diageo Plc averted a planned strike on Tuesday at Scottish distilleries after reaching an agreement on worker pay with the GMB and Unite unions, a representative for the company said.

* BAE SYSTEMS: Britain's BAE Systems said on Tuesday it has won a $318 million contract from the United States Army in order to upgrade M88 recovery vehicles to the M88A3 configuration.

* WIZZ AIR: The boss of Hungarian low-cost airline Wizz Air said he did not expect Brexit to disrupt his operations, and that it could actually present an opportunity to grow as competitors fall away.

* BP: BP Plc was raising production on the large crude distillation unit (CDU) at its 430,000 barrel-per-day (bpd) Whiting, Indiana, refinery on Tuesday following a minor upset, said sources familiar with plant operations.

* SHELL NIGERIA: Shell Petroleum Development Company of Nigeria declared force majeure on exports of Bonny Light crude oil, it said in a statement sent to Reuters on Tuesday.

* OIL: Oil prices slipped on Wednesday, extending losses from the previous session after Saudi Arabia's energy minister said the kingdom will restore lost oil production by the end of the month.

* GOLD: Gold prices were little changed on Wednesday amid cautious mood as investors awaited cues on the U.S. central bank's stance on monetary easing, while a drop in crude prices dented demand for safe-haven bullion.

* The UK blue chip index closed marginally down at 0.01% ON Tuesday as losses in oil major BP, triggered by a report that Saudi Arabia's output could be back up quicker than expected, were countered by gains in so-called defensive sectors.

* UK CORPORATE DIARY:

 Yu Group PLC                         Half Year Yu Group PLC Earnings
 Warpaint London PLC                  Half Year Warpaint London PLC Earnings
 Strix Group PLC                      Half Year Strix Group PLC Earnings
 Avingtrans PLC                       Full Year Avingtrans PLC Earnings
 Judges Scientific PLC                Half Year Judges Scientific PLC Earnings
 Pan African Resources PLC            Full Year Pan African Resources Earnings
 Kingfisher PLC                       Half Year Kingfisher PLC Earnings
 Pendragon PLC                        Half Year Pendragon PLC Earnings
    * For more on the factors affecting European stocks, please click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines (Reporting by Tanishaa Nadkar in Bengaluru)