UK Stocks-Factors to watch on March 17
LONDON, March 17 (Reuters) - Britain's FTSE 100 index is seen opening down by 8-14 points, or as much as 0.2 percent lower on Tuesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on
* The UK blue chip index closed 0.9 percent higher at 6,804.08 points on Monday after dropping 2.5 percent last week in what was its biggest weekly decline since December.
* BHP BILLITON : BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend.
* RSA : British insurer RSA Insurance Group Plc RSA.L is considering selling its business in Latin America as part of a broad restructuring plan, the Financial Times reported.
* AVIVA : Insurer Aviva is to boost its chief's potential pay to 6.7 million pounds.
* OIL PRICES: Brent crude rose above $54 a barrel on Tuesday, recovering some of the previous session's losses when it dropped to a six-week low, although concerns over a worsening global supply glut kept a lid on gains.
* UK MINIMUM WAGE: Britain's minimum wage will rise by 3 percent to 6.70 pounds ($10) per hour, the biggest real-terms increase since 2008, Prime Minister David Cameron said on Tuesday, presenting the rise as a measure of economic strength before a May 7 election.
* NORTH SEA OIL: Britain's finance minister must announce bold oil tax changes in his 2015-16 budget this week to inject new life into the battered North Sea where investment in new projects has fallen and billions of dollars of assets are up for sale. Continuación...