UK Stocks-Factors to watch on April 7

April 7 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Monday, with futures FFIc1 down 2.91%.

SHELL: Shell SHEL.L lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update, citing the impact of bad weather in Australia.

FERREXPO: Ukraine-focused miner Ferrexpo FXPO.L reported a 26% drop in first-quarter pellet production, after a suspension of VAT refunds in the country forced it to scale back operations.

HOUSES: British house prices unexpectedly fell in March, according to mortgage lender Halifax, representing signs of a cooling in the market after a rush to buy homes ahead of the expiry of a tax break.

ELECTRIC VEHICLES: British Prime Minister Keir Starmer on Sunday eased electric vehicle sales targets, in an effort to ease pressure on UK automakers from U.S. President Donald Trump's trade tariffs.

SANTANDER: The Banco Santander's SANS_pa.L, SAN.MC UK arm is lining up former permanent secretary to the Treasury Tom Scholar, as its next chairman, Sky News reported on Saturday citing insiders.

OIL: Oil slid around 3% on Monday to its weakest since 2021 as an intensifying trade war between the United States and China triggered worries over demand for raw materials.

GOLD: Gold prices fell to a more-than-three-week low as investors dumped bullion to cover their losses in other trades.

METALS: Base metal prices in China tumbled on Monday amid escalating trade war concerns and recession fears, while most London metal prices rebounded on arbitrage trading after the Asian market opened, increasing liquidity.

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