UK Stocks-Factors to watch on August 4 (updated)

Zegona Communications

04/08/2025 07:45

Adds company news, updates futures

Aug 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Monday, with futures FFIc1 up 0.3%.

* LLOYDS BANKING GROUP: Lloyds Banking Group LLOY.L said it would keep its 1.2 billion pound ($1.6 billion) provision for motor finance claims under review, after a Supreme Court ruling last week went largely in favour of banks but still left them facing millions of potential compensation claims.

* BP: BP BP.L said it has made an oil and gas discovery in Brazil's Santos basin, a so-called pre-salt area in deep water offshore which is believed to be a large reservoir of oil and gas.

* ZEGONA COMMUNICATIONS: Singapore's sovereign wealth fund GIC will take a 25%
stake
 in a fibre optic broadband venture between MasOrange, partly owned by France's Orange ORAN.PA, and Vodafone Spain, which is owned by Britain's Zegona Communications ZEG.L, the three companies said.

* SENIOR: British engineering firm Senior SNR.L
reported
 a 10% rise in first-half adjusted operating profit, helped by its aerospace division on robust civil aerospace and defence demand.

* BP: BP BP.L will announce updates on its $5 billion cost-cutting initiative on Tuesday, amid growing pressure from activist investor Elliott Management to take stronger action to reduce its operating expenses, the Financial Times reported on Monday.

* MOTOR FINANCE: Britain's Financial Conduct Authority (FCA) on Sunday proposed a redress scheme for consumers with motor finance compensation claims following last week's Supreme Court ruling, estimating the cost at between 9 billion and 18 billion pounds ($12 billion and $24 billion).

* COMMODITIES: Oil prices extended declines, gold prices edged lower, and London copper rose on Monday.

* For more on the factors affecting European stocks, please click on: LIVE/

TODAY'S UK PAPERS
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 (Compiled by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com;))