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UK Stocks-Factors to watch on April 2

ReutersApr 2, 2025 6:51 AM

- Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.41%.

TOPSS TILES: Topps Tiles TPT.L said it expects about a 4 million pounds ($5.2 million) rise in its annual cost base this month due to national living wage and insurance expenses, and reported strong sales growth in March.

GREENCORE: British convenience food manufacturer Greencore GNC.L agreed to buy rival Bakkavor BAKK.L for 1.2 billion pounds following two failed bids over concerns of undervaluation.

SSE: British power generator and network operator SSE SSE.L said it expects annual adjusted earnings per share to be between 155 pence and 160 pence.

RASPBERRY PI: British single-board computer (SBC) maker Raspberry Pi RPI.L narrowly beat annual core profit expectations, helped by sales of its flagship Raspberry Pi5 as well as its semiconductor units.

THAMES WATER: Thames Water KMBWTH.UL said its debt restructuring proposals had secured approval, with over 95% of the outstanding principal amount of the qualifying Class A debt voting in favour.

WAGES: Pay awards granted by British employers cooled during the three months to February, according to an Incomes Data Research survey.

CARMAKERS: UK's Competition and Markets Authority imposed 77.7 million pounds fine on 10 carmakers and two trade bodies for breaking vehicle recycling-related competition law.

OIL: Oil prices steadied after falling in the previous session on concerns new U.S. tariffs.

METALS: Copper prices in London edged up,but gains were capped as cautious investors awaited details of reciprocal tariffs.

GOLD: Gold prices extended their gains, following a record high in the previous session, as investors sought the comfort of the safe-haven metal.

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

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