UK Stocks Factors to watch on March 2

March 2 (Reuters) - Britain's FTSE 100 index (.FTSE) is seen opening higher on Wednesday, with futures down 0.23%.

* AVIVA: British insurer Aviva (AV.L) will return 4.75 billion pounds to shareholders, it said, as it reported a 10% drop in 2021 operating profit. read more

* PERSIMMON: Britain's second-largest homebuilder Persimmon Plc (PSN.L) said it expected to build 4%-7% more homes in 2022, riding on strong housing demand, after the firm posted a 23% rise in annual profit. read more

* POLYMETAL: Russian gold and silver producer Polymetal (POLYP.L) suspended its 2022 cost and capital expenditure guidance amid the conflict in Ukraine but kept its production forecast of 1.7 million ounces of gold equivalent, a mix of gold and other metals, unchanged.

* GLENCORE: Miner and trader Glencore (GLEN.L) said it is reviewing all its business activities in Russia including equity stakes in aluminium and hydropower group En+ Group and oil giant Rosneft (ROSN.MM).

* ASTON MARTIN: British luxury carmakers Jaguar Land Rover (JLR) and Aston Martin (AML.L) paused vehicle shipments to Russia, as sanctions over the war in Ukraine had created growing trading obstacles for the car industry. read more

* FCA: Britain's financial watchdog set out a new pay structure and one-off 'cost of living' bonus for staff on Tuesday in an effort to quell unease among employees with a move labour union Unite described as "significantly harmful".

* HSBC: Asset managers including France's Amundi (AMUN.PA) and BNP Paribas (BNPP.PA), Britain's HSBC (HSBA.L) and Switzerland's Pictet have frozen Russia-focused equity funds totalling over $3 billion in assets, as markets seize up following sanctions on Russia. read more

* UK-RUSSIA: The UK government has launched an urgent review into how to reduce Britain's exposure to Russian gas imports and Kremlin-backed energy companies following the invasion of Ukraine, the Financial Times reported citing people familiar with the situation. read more

* London's FTSE 100 fell on Tuesday as the worsening Ukraine crisis pushed shares of heavyweight banking and Russia-exposed miners lower, while Flutter Entertainment dropped on downbeat earnings. read more

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TODAY'S UK PAPERS > Financial Times > Other business headlines

Reporting by Amna Karimi in Bengaluru

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