November 3, 2017 / 7:52 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on Nov 3

(Adds company news items and futures)

Nov 3 (Reuters) - Britain's FTSE 100 index is seen opening 14 points higher at 7,568.9 points on Friday, according to financial bookmakers, with futures up 0.11 percent ahead of the cash market open.

* SMITH & NEPHEW: European hip and knee maker Smith & Nephew said on Friday it would take steps to simplify its business after it said revenue growth for the year would be at the lower end of its 3-4 percent guidance.

* GLAXOSMITHKLINE: GlaxoSmithKline's research and development head Patrick Vallance is set to leave the drugmaker to become the British government's new chief scientific adviser, a person familiar with the matter said on Friday.

* IAG: British Airways owner IAG said on Friday it was aiming for annual profit around 20 percent higher than previous targets over the next four years, though it maintained targets for earnings-per-share growth.

* TP ICAP: TP ICAP, the world's largest interdealer broker, pointed to challenging outlook for its final quarter of 2017, blaming a lack of market volatility compared to the same period a year ago.

* ARQIVA: British broadcast and mobile masts company Arqiva said on Friday that it had pulled plans to raise about 1.5 billion pounds ($2 billion) from what would have been the biggest stock market float in London this year.

* SHELL: Royal Dutch Shell could reconsider its capital structure if the Dutch government goes ahead with plans to remove a tax on dividends, Chief Financial Officer Jessica Uhl said on Thursday.

* PAKISTAN OIL REGULATOR: Pakistan's state oil and gas regulator said on Thursday it would investigate a complaint that fuel suppliers including local units of Shell and Total as well as Pakistan State Oil (PSO) had added manganese to their gasoline.

* Gold: Gold firmed on Friday but stuck to a narrow range below the previous session's highs as the dollar steadied amid caution ahead of U.S. jobs data later in the day. Spot gold edged up 0.1 percent to $1,276.56 per ounce at 0545 GMT, and was on track for its first weekly gain in three.

* Oil: Oil markets firmed on Friday, supported by confident sentiment as OPEC-lead supply cuts help tighten the market, but analysts cautioned that the cuts would need to be extended to counter rising U.S. output. Brent futures , the international benchmark for oil prices, were at $60.87 per barrel at 0013 GMT, up 25 cents or 0.4 percent from their last close.

* Britain's top share index posted its biggest rise in over three months on Thursday after the Bank of England tempered investors' expectations on future rate rises, hitting the pound and lifting shares in internationally exposed companies. The FTSE outperformed its European peers, ending the day up 0.9 percent at 7,555.32 points, a two-week high, as the pound fell as much as 1.8 percent against the euro, its biggest retreat in more than 13 months against the single currency.

* 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 * For Top News : (Reporting by Sanjeeban Sarkar in Bengaluru)

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