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UK Stocks-Factors to watch on July 2
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UK Stocks-Factors to watch on July 2
Jul 2, 2025 12:22 AM

July 2 (Reuters) - Britain's FTSE 100 index is

seen opening higher on Wednesday, with futures up 0.3%.

* GREGGS ( GGGSF ): Greggs ( GGGSF ) said its annual operating

profit

could be modestly below last year's levels, as unusually

high temperatures in the UK discouraged customers from eating

out.

* SECURE TRUST BANK: Secure Trust Bank said it

would stop new lending in vehicle finance and expects the move

to help improve its return on average equity over time.

* SPECTRIS ( SEPJF ): Spectris ( SEPJF ) has

accepted

an improved takeover offer from KKR valuing it at

about 4.7 billion pounds ($6.46 billion), including debt, the

companies said on Wednesday.

* SHELL: Shell said it would update its 2023 and

2024 form 20-Fs filed with the U.S. Securities and Exchange

Commission due to auditor EY's non-compliance with the

regulator's audit partner rotation rules.

* ASTRAZENECA ( AZN ): AstraZeneca ( AZN ) is considering moving

its stock market listing from London, where it is the exchange's

most valuable company, to the United States, the Times reported

on Tuesday, citing multiple sources.

* OIL: Oil futures were little changed on Wednesday as

markets weighed expectations of more supply from major producers

next month, a softer U.S. dollar, and a mixed bag of economic

and market indicators from the U.S., the world's largest oil

consumer.

* GOLD: Gold prices steadied on Wednesday as investors

awaited U.S. payroll data and assessed Federal Reserve Chair

Jerome Powell's cautious stance on rate cuts, while a weaker

dollar helped support greenback-priced bullion.

* METALS: Copper rose on the London Metal Exchange and

Shanghai Futures Exchange on Wednesday.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Subiksha S and Ankita Bora in Bengaluru)

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