UK Stocks-Factors to watch on September 2 (updated)

Seraphim Space Investment Trust

02/09/2026 07:59

Adds news items, updates futures
Sept 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.4%.
* BP: BP BP.L has appointed Ian Tyler, former CEO of building group Balfour Beatty BALF.L, as its permanent chairman.
* RYANAIR: Ryanair RYA.I cut its fiscal 2027 traffic target to 214 million passengers from 216 million to reduce its exposure to unhedged oil prices in the winter season.
* TT ELECTRONICS: TT Electronics TTG.L posted a 37% jump in half-year profit as its turnaround efforts lifted profitability.
* SHELL: Shell SHEL.L said it will take full ownership of Tri Star Energy, a U.S. convenience store operator and fuel distributor, deepening its push into the United States.
* HSBC: HSBC Holdings HSBA.L has set initial price guidance for a planned Japanese yen-denominated Samurai bond sale, according to a term sheet seen.
* SERAPHIM SPACE: Seraphim Space Investment Trust SSIT.L announced the launch of the Seraphim New Space UCITS ETF, which it said would increase the ability of investors to tap into the booming space economy.
* ECONOMY: Britain's economy is set to grow a bit faster than previously expected in 2026 after withstanding the initial impact of the Iran war but firms remain wary about investment, the British Chambers of Commerce said.
* COLLATERAL: British banks are increasingly pledging higher-risk assets such as loans linked to high-interest store cards and vehicle leases as collateral at the Bank of England, a Reuters review of BoE filings shows.
* COMMODITIES: Oil prices rose in early trade, copper and zinc fell, and gold fell to its lowest in over three weeks.  

* For more on the factors affecting European stocks, please click on: LIVE/
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 (Compiled by Neeshita Beura and Megha Kumari in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))