UK Stocks-Factors to watch on Dec. 3

miércoles 3 de diciembre de 2014 02:58 GYT

LONDON Dec 3 (Reuters) - Britain's FTSE 100 index is seen opening 17 to 20 points higher, or up as much as 0.3 percent, on Thursday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed 1.3 percent higher at 6,742.10 points in the previous session.

* Britain's finance minister George Osborne looks set to concede on Wednesday that his push to fix the public finances has suffered another setback thanks to slow pay growth, six months before voters head to the polls.

* The British Retail Consortium said food prices dropped last month for the first time since it started collecting data in December 2006, as a supermarket price war intensified.

* LLOYDS BANKING GROUP - The bank has sold a 1.6-billion-pound ($2.50 billion) portfolio of Irish mortgages to Goldman Sachs and CarVal, a private equity group, the Financial Times newspaper reported.

* Oil rose more than 1 percent, with Brent climbing above $71 a barrel, recovering slightly from losses in the prior session as a turbulent market struggled to find a price floor.

* London copper edged lower on Wednesday as ongoing credit difficulties in top consumer China has checked bargain hunting even though prices dropped to 4-1/2-year lows earlier this week.

* On the macro economic front, investors await UK services PMI data, scheduled to be released at 0930 GMT.