April 4, 2017 / 6:43 AM / a year ago

UPDATE 1-UK Stocks-Factors to watch on April 4

(Adds company news items, futures)

April 4 (Reuters) - Britain’s FTSE 100 index is seen opening 15.8 points higher on Tuesday, according to financial bookmakers, with futures up 0.1 percent ahead of the cash market open.

* PANMURE GORDON: Panmure Gordon, the British stockbroker that has agreed to a 15.5 million pounds Qatari-backed takeover by former Barclays head Bob Diamond, said 2017 had started positively for it with first-quarter trading in line with expectations.

* ASOS: British online fashion retailer Asos raised its guidance for full-year sales growth after it reported a better-than-expected 38 percent rise in its first half, driven by accelerating international demand.

* SHELL: Royal Dutch Shell’s integrated gas and new energies director, Maarten Wetselaar, said on Tuesday that destination clauses in long-term liquefied natural gas (LNG) supply contracts that have linked suppliers and customers for decades are “not really crucial”.

* BP: BP Plc has agreed to cut about 5 million pounds ($6.24 million) from Chief Executive Bob Dudley’s maximum pay for the next three years in a bid to avoid a shareholder revolt, Sky News said on Monday, citing people briefed on the matter.

* SPORTS DIRECT: Sports Direct’s appointment of a law firm with close links to the retailer for a governance review is an issue for shareholder Legal & General Investment Management, LGIM said in its annual report on corporate governance on Tuesday.

* BREXIT: British Prime Minister Theresa May must prove that “no deal is better than a bad deal” by offering an economic assessment on the impact of leaving the European Union with no agreement, a parliamentary committee said on Tuesday.

* BREXIT: Britain should aim to secure visa-free travel between the UK and the European Union in upcoming negotiations to leave the bloc, an association of travel agents said on Tuesday, adding that a transitional deal could also help the sector.

* OIL: Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signalled the potential for increased supply and capped price gains.

* The UK blue chip FTSE 100 index closed 0.6 percent lower at 7,282.69 points on Monday, as oil-related stocks reversed course to trade lower and banks also weighed.

* 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 topnews.session.rservices.com * For Top News : topnews.reuters.com (Reporting by Siju Varghese; Editing by Sunil Nair)

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