October 2, 2017 / 6:39 AM / a year ago

UPDATE 2-UK Stocks-Factors to watch on Oct 2

(Adds company news items, updates futures)

Oct 2 (Reuters) - Britain's FTSE 100 index is seen opening 7 points higher at 7,379.7 on Monday, according to financial bookmakers, with futures up 0.16 percent ahead of the cash market open.

* HISCOX: Lloyd's of London underwriter Hiscox Ltd estimated on Monday that it would face net claims totalling about $225 million from Harvey and Irma, as insurers and reinsurers count the cost of the hurricanes.

* NEX GROUP: British financial broker NEX Group Plc said revenue rose 7 percent in the first half of the year, but added that increased spending at its post-trade and information services operations would dent that division's profitability. [nL8N1MD0U2

* HSBC: The U.S. Federal Reserve fined HSBC Holdings $175 million on Friday for "unsafe and unsound practices" in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market manipulation.

* NISA RETAIL/ CO-OPERATIVE GROUP: Britain's Nisa Retail said on Saturday its chief executive had left the convenience retailer, which is in talks with the Co-operative Group to be taken over.

* MONARCH: Britain's Monarch Airlines ceased operations on Monday, forcing the authorities to initiate their biggest-ever peacetime repatriation effort to bring back tens of thousands of travellers stranded overseas. British transport minister Chris Grayling said he had spoken to other airlines about hiring those employees who are losing their jobs after Monarch Airlines went into administration overnight.

* UK ECONOMY: Growth across Britain's private sector cooled slightly in the three months to September, an industry survey showed on Sunday, although companies were mostly upbeat about their prospects for the next three months.

* BREXIT: Prime Minister Theresa May's top ministers are all frustrated by the slow pace of Brexit negotiations, but her team owes her its loyalty as she negotiates Britain's departure from the European Union, finance minister Philip Hammond said on Monday.

* BREXIT: British Foreign Secretary Boris Johnson has said a transition period from the European Union after Britain's exit from the bloc in March 2019 must not last more than two years.

* BREXIT: Britain expects to have draft free trade agreements on the table long before it reaches the end of a Brexit transitional period which is expected to run for around two years after 2019, trade minister Liam Fox said on Sunday.

* The UK blue chip index closed Friday's session 0.7 percent higher at 7,372.76 points, as GDP data showing that UK growth slowed to a four-year low in the second quarter put pressure on sterling on the day.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets


> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Esha Vaish in Bengaluru)

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