UK Stocks-Factors to watch on September 2
UK Stocks-Factors to watch on September 2 Sept 2 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.5%.
* 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.
* FTSE: London's midcap FTSE index on Tuesday logged its biggest one-day drop since March as Middle East tensions pushed up global bond yields on inflation concerns, while Reckitt Benckiser gained after a favourable U.S. court ruling.
* UK CORPORATE DIARY:
TT Electronics | TTG.L | HY results |
* For more on the factors affecting European stocks, please click on: LIVE/
TODAY'S UK PAPERS
> Financial Times PRESS/FT
> Other business headlines PRESS/GB
(Compiled by Neeshita Beura in Bengaluru)