UPDATE 1-UK Stocks-Factors to watch on Oct. 1

(Adds company news items, futures)

Oct 1 (Reuters) - Britain’s FTSE 100 index is seen opening 25 points higher at 5,891 on Thursday, according to financial bookmakers, with futures up 0.47% ahead of cash market open.

* SMITH & NEPHEW: Medical prosthetics maker Smith & Nephew Plc expects its decline in underlying revenue to be just 4% in the third quarter of this year, down from almost 30% in the previous three months when it was suffering heavily from the impact of coronavirus lockdowns and a halt in elective procedures.

* ROLLS-ROYCE: Britain’s Rolls-Royce said it planned to raise 2 billion pounds from shareholders, 1 billion pounds from the bond market and secure further loans to rebuild its balance sheet after COVID-19.

* PREMIER OIL: Creditors of North Sea-focused Premier Oil have extended a waiver for the group’s debt covenant test until Nov. 5, giving it breathing space to avoid a debt crunch, the company said on Thursday.

* DE LA RUE: Banknote printer De La Rue on Thursday named Rob Harding as its chief financial officer after appointing him as the interim CFO earlier this year.

* The UK blue-chip index closed 0.5% lower on Wednesday, after a bleak production forecast from Shell and losses in consumer stocks weighed on the index.

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


> Financial Times

> Other business headlines (Reporting by Samantha Machado in Bengaluru)