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UK Stocks - Factors to watch on April 2
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UK Stocks - Factors to watch on April 2
Apr 2, 2024 12:22 AM

April 2 - Britain's FTSE 100 index is seen

opening higher on Tuesday, with futures up 0.13%.

* SUPERDRY ( SEPGF ): Superdry ( SEPGF ) CEO and top shareholder Julian

Dunkerton will not be making an offer for the company, both

parties said on Thursday, and the struggling British fashion

chain said it reached an agreement to extend a loan facility to

help its turnaround plans.

* SHELL: A Dutch court will on Tuesday hear Shell's

appeal against a landmark climate ruling, which ordered it to

drastically deepen planned greenhouse gas emission cuts.

* HSBC ( HSBC ): HSBC Holdings ( HSBC ) said it completed the C$13.5

billion ($9.95 billion) sale of its Canadian unit, HSBC Bank

Canada, to Royal Bank of Canada ( RY ) on Thursday.

* INFLATION: The British public's expectations for inflation

over the next year and the longer term fell in March, U.S. bank

Citi said on Thursday as it published a monthly survey by market

research firm YouGov ( YUGVF ).

* UK HOUSE PRICE: British house prices rose by 1.6% in March

compared with a year earlier, the fastest rise since December

2022 although a smaller increase than economists had been

expecting, figures from mortgage lender Nationwide showed.

* UK SHOP PRICE: Prices in British shops rose at the slowest

pace in more than two years in March, the British Retail

Consortium said.

* OIL: Oil gains on expectations for higher demand and as

Middle East concerns rise.

* GOLD: Gold prices hovered below record highs hit in the

previous session.

* METALS: Copper prices ticked higher on Tuesday, lifted by

concerns of tighter raw material supplies and a production cut

by Chinese smelters.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

($1 = 1.3574 Canadian dollars)

(Reporting by Prerna Bedi and DhanushVignesh Babu in Bengaluru)

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