UK Stocks-Factors to watch on July 1

Talos Energy, Inc.
Shell Plc Sponsored ADR

Talos Energy, Inc.

TALO

0.00

Shell Plc Sponsored ADR

SHEL

0.00

- Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.4%.

* SHELL: Shell SHEL.L said it agreed to sell its interest in the Na Kika platform, associated fields in the Gulf of America, and the Coulomb tieback, to subsidiaries of Talos Energy TALO.N and Ridgewood Energy ZCFHCX.O for $1.7 billion.

* CENTRAL BANK: Bank of England Governor Andrew Bailey said that the central bank remained in no rush to respond to increased oil prices and that inflation was on course to return to its 2% target, albeit later than he would have liked.

* AUTOMOTIVE: British electric vehicle makers will have to pay £1.4 billion ($1.85 billion) in tariffs if there is no solution on local content requirements with the European Union, the country's main car lobby group estimated

* OIL: Oil prices rose on concerns that a breakdown in discussions between Iran and the U.S. over a final agreement to end their conflict could extend supply disruptions in the key Middle Eastern producing region.

* GOLD: Gold prices fell after hitting a seven-month low in the previous session, pressured by higher Treasury yields, while fading prospects of a permanent U.S.-Iran peace deal kept concerns over inflation and Federal Reserve rate hikes elevated.

* METALS: Aluminium extended losses to hit a four-month low, as investors continued to unwind risk premiums tied to the Gulf despite fresh uncertainty over U.S.-Iran diplomacy.

* The UK blue-chip index .FTSE rose 0.1% on Tuesday, led by gains in defence and financial stocks.

* UK CORPORATE DIARY:

Associated British Foods

ABF.L

Q3 trading statement

Topps Tiles PLC

TPT.L

Q3 trading statement

* 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


($1 = 0.7555 pounds)