UPDATE 1-UK Stocks-Factors to watch on June 3
(Adds futures and company news item)
June 3 (Reuters) - Britain's FTSE 100 index is seen opening up 29 points, or 0.5 percent, on Friday, according to financial bookmakers, with futures up 0.44 percent ahead of the cash market open. For more on the factors affecting European stocks, please click on
* The UK blue chip index closed slightly lower on Thursday, with companies such as National Grid and Marks & Spencer falling after trading without the attraction of their latest dividend payouts and energy firms tracking weaker oil prices.
* GLENCORE: Trading giant Glencore Plc is expanding its oil trading business in eastern Australia, with plans to soon start bunker fuel supply operations at the Port of Brisbane, adding to operations it launched at ports in New South Wales in April.
* BP: BP Plc agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in the Gulf of Mexico.
* BHS: British department stores group BHS is to be wound down after administrators failed to find a buyer for the 88-year-old chain, threatening over 10,000 jobs and creating huge vacant sites in town centres struggling to cope with changing shopping habits.
* ICAP: The planned discontinuation of a U.S. interest rate benchmark this summer will be postponed for another two months after two financial industry groups asked for more time for Wall Street to adjust to its replacement.
* EQUISTONE: British private equity firm Equistone Partners is buying marine navigation service ChartCo from fellow fund ECI for 55 million pounds ($79.43 million), the companies said on Friday. Continuación...