UK Stocks-Factors to watch on November 2 (updated)

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Today 07:49

Updates futures, adds news
Nov 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 0.3%.
      
* BP: Former Shell CEO Ben van Beurden will chair Castrol's board after Stonepeak completed its acquisition of a 65% stake in the lubricants maker from BP BP.L on Monday, the US private equity firm said.
* GLENCORE: Glencore GLEN.L is proposing to change CEO Gary Nagle's pay package to allow him to cash out long-term share awards more quickly if the miner is taken over, the Financial Times reported on Monday.
* GRID EXPANSION: Britain has approved the development of a 2 gigawatt undersea electricity connection linking Suffolk in the East of England and Kent in the South East of the country, capable of carrying enough electricity to power about 2 million homes, it said on Friday.
* OIL: Oil prices slipped more than 3% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. 
* GOLD: Gold prices ticked up in early Asian trading on Monday but hovered near a one-year low, as persistent inflation concerns reinforced expectations that the Federal Reserve could raise interest rates later this year, weighing on bullion's appeal.
* METALS: London copper recouped some of the previous week's losses on Monday on supply concerns and lower oil prices, following a third straight day of talks aimed at working out a deal to end the US-Israeli war on Iran.
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB

 (Compiled by Krisha Bhatt in Bengaluru)
 ((krisha.bhatt@thomsonreuters.com))