UK Stocks-Factors to watch on June 2

LONDON, June 2 Mon Jun 2, 2014 1:54am EDT

LONDON, June 2 (Reuters) - Britain's FTSE 100 index is seen opening up by 21 points, or 0.3 percent higher, on Monday, according to financial bookmakers. For more on the factors affecting European stocks, please click on

* The UK blue chip index closed down by 0.4 percent, or 26.78 points, at 6,844.51 points on Friday.

* CHINESE ECONOMY: China's factory activity expanded at the fastest pace in five months in May due to rising new orders, official data showed on Sunday, reinforcing views that the world's second-largest economy is regaining momentum in the second quarter following Beijing's targeted measures to bolster growth.

* BRITAIN/EU: A British official on Sunday dismissed a report that Prime Minister David Cameron had threatened at an EU summit last week to bring forward a referendum on British membership of the EU if Jean-Claude Juncker became European Commission president.

* GLAXOSMITHKLINE : GlaxoSmithKline Plc has agreed a deal worth more than $350 million with UK biotech company Adaptimmune to develop cancer drugs, the Financial Times reported on Monday.

* SHIRE : London-listed drugmaker Shire Plc has secured a $5 billion credit facility for a takeover offer for New-Jersey-based NPS Pharmaceuticals , The Times of London reported on Sunday.

* BAE SYSTEMS : The chief executive of BAE Systems has told employees he was concerned about the impact on Europe's biggest defence contractor if Scotland breaks away from the United Kingdom, as a formal campaign for a Scottish independence vote began on Friday, The Telegraph reported.


> Financial Times

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