UK Stocks-Factors to watch on November 2

Nov 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down on Monday, with futures down 0.1%.

* GLENCORE: Glencore GLEN.L is proposing to change CEO Gary Nagle's pay package to allow him to cash out long-term share awards more quickly if the miner is taken over, the Financial Times reported on Monday.

* GRID EXPANSION: Britain has approved the development of a 2 gigawatt undersea electricity connection linking Suffolk in the East of England and Kent in the South East of the country, capable of carrying enough electricity to power about 2 million homes, it said on Friday.

* OIL: Oil prices slipped more than 3% on Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran.

* GOLD: Gold prices ticked up in early Asian trading on Monday but hovered near a one-year low, as persistent inflation concerns reinforced expectations that the Federal Reserve could raise interest rates later this year, weighing on bullion's appeal.

* METALS: London copper recouped some of the previous week's losses on Monday on supply concerns and lower oil prices, following a third straight day of talks aimed at working out a deal to end the US-Israeli war on Iran.

* FTSE 100: London's FTSE 100 logged its first monthly gain in three months, edging up on Friday due to a boost from AstraZeneca, with investors welcoming a budget that was softer than expected on taxes.

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB