Top 5 FTSE 100 shares to watch in July: IAG, Lloyds, Rolls-Royce, Sage, NatWest

The article highlights the FTSE 100’s steady June performance and identifies five UK shares to watch in July, with the main catalysts being upcoming earnings and macro developments. UK 100 has traded in a tight range, rising to 10,500 points, up 3.70% from its June low. IAG is seen as a buy due to falling jet fuel prices, a recovery in travel demand, and an upcoming earnings release later this month. Sage Group is a sell candidate amid AI disruption fears, though its July 19 earnings could change sentiment if guidance improves. Lloyds and NatWest are expected to benefit from an unchanged Bank of England rate outlook, with results due later in the month. Rolls-Royce is near an all-time high and will report on July 31, with investors focused on its narrow-body engine plans, government funding prospects, and data-center/SMR initiatives.