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UK Stocks-Factors to watch on June 2
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UK Stocks-Factors to watch on June 2
Jun 1, 2025 11:57 PM

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

seen opening lower on Monday, with futures down 0.1%.

* INDIVIOR ( INDV ): Pharma firm Indivior ( INDV ) said it will

cancel its secondary listing on the London Stock Exchange,

effective July 25, maintaining its primary listing on the Nasdaq

to reduce costs and better align with its U.S.-centric business.

* TP ICAP: Britain's TP ICAP has partnered with

nine big investment banks to create a dealer-to-client credit

business, the interdealer broker said.

* BP: Azeri state energy company SOCAR will sign agreements

for oil and gas exploration in Azerbaijan, including with Exxon

Mobil ( XOM ) and BP, three sources told Reuters.

* HOUSE PRICES: British house prices in May were 3.5% higher

than a year earlier, monthly data from mortgage lender

Nationwide showed, after an unexpected 0.5% monthly increase

largely reversed a fall in April.

* NATWEST ( NWG ): NatWest ( NWG ) has returned to full private

ownership after a 45 billion-pound ($60.59 billion) state rescue

at the height of the 2008 financial crisis, ending a costly,

taxpayer-funded government investment that reshaped the lender

and industry.

* HSBC ( HSBC ): Europe's biggest bank HSBC ( HSBC ) will inject $4

billion into its private credit funds, amid a wider push by

banks into the booming market as profits from traditional

lending have come under pressure.

* COMMODITIES: Oil prices rebounded more than $1 a barrel on

Monday. Gold prices climbed as an escalation in the Russian war

in Ukraine and U.S. President Donald Trump's fresh threat to

double tariffs on imported steel and aluminum prompted investors

to seek refuge in safe-haven bullion. Copper prices on the

London Metal Exchange climbed.

* For more on the factors affecting European stocks, please

click on:

TODAY'S UK PAPERS

> Financial Times

> Other business headlines

(Reporting by Ankita Bora and DhanushVignesh Babu in Bengaluru)

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