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Morning Report - 4 September 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo PLC 2,074.0 8.1%
Endeavour Mining PLC 2,760.0 3.6%
Babcock International Group PLC 1,066.0 3.3%
Antofagasta PLC 2,197.0 3.1%
International Consolidated Airlines Group S.A. 391.0 2.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Pearson PLC 1,047.0 -3.6%
BT Group PLC 206.1 -1.7%
BP PLC 427.4 -1.6%
Airtel Africa PLC 215.2 -1.6%
Shell PLC 2,694.0 -1.3%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 9,178 0.7% 10.6%
DOW JONES INDUS. AVG 45,271 -0.1% 10.6%
DAX INDEX 23,595 0.5% 25.9%
NIKKEI 225 42,345 1.0% 13.2%
S&P/ASX 200 INDEX 8,799 0.7% 10.7%

 

Copper (Comex) Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 63.69 -0.44%
Brent Crude (ICE) USD/bbl. 67.35 -0.37%
Gold Spot USD/t oz. 3,558 0.0%
Copper (Comex) USd/lb. 462 -0.3%

 

The UK 100 is called to open +10 points this morning at 9,188. 

1 Week; 4 Years

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +10 points this morning at 9,188.  The UK’s blue chip index looks set to follow US markets higher, as the pound drifted lower again the US greenback.

US markets rose following labour market data, which suggested job openings had fallen in the world’s largest economy. The data left investors feeling even more confident Fed officials will cut rates at their September meeting.

The S&P rose on Wednesday, boosted by tech shares after a federal court decision in an Alphabet antitrust case fuelled optimism that the tech giants will be able to weather regulatory threats.  The tech-heavy Nasdaq gained 1.03% to end the day at 21,497.73, while the S&P climbed 0.51%, to finish at 6,448.26. The Dow Jones lagged, falling 24.58 points, or 0.05%, to settle at 45,271.23.  Shares of the Google parent jumped 9.1% after a federal judge ruled Tuesday that Google can keep its Chrome browser but won’t be allowed to strike exclusive search deals and must share its search data. The decision avoided the worst-case outcome for the tech giant and largely drew from the idea that artificial intelligence has provided more choice to consumers.

In Asia on Thursday, the Nikkei index in Tokyo improved 1.5%. In China, the Shanghai Composite shed 1.6%, while the Hang Seng Index in Hong Kong lost 1.1%. The S&P/ASX 200 in Sydney was up 1.0%.

 

Company News & Broker Comments:

 

Company News:

Anglo American has exited its stake in Valterra via a share sale, only a few months after spinning off the platinum business in South Africa.

 

Currys said trading in the first four months of the year was in line with expectations and announced a new £50 million share buyback to start immediately.  Like-for-like revenue grew 3%, with strong sales in gaming, AI computing, large appliances, coffee machines and cooling products, offset by declines in TVs, tablets and air fryers. The firm also pointed to growth in credit and its virtual network iD Mobile, which grew 22% year-over-year to over 2.3 million subscribers.  Staff cost increases were offset by operating leverage from higher sales, and the company is set to meet the market consensus for the full year, it said in a statement.  The retailer’s shares have risen over 30% in the past 12 months after it restored dividends, although it’s vulnerable to any drop in consumer confidence and discretionary spending.

 

Jet2 said that visibility was limited, flagging a growing trend among customers to book closer to departure. The package holiday operator said that it still has the remainder of summer and much of its winter seat capacity to sell.  Jet2 added that it is still too early to give guidance for the overall group profitability for its financial year.

 

Safestore, The self-storage centre operator reported a rise in sales for the third quarter and said its development pipeline remains on track.

 

Grafton, The building materials supplier has reported higher profit and revenue for the first half, said growth has improved in the second half and has announced a further £25 million buyback.

 

Genus, The animal genetics company reported a rise in interim profit and said market conditions are currently stable, though it remains vigilant of any geopolitically-driven volatility.

Reporting Today:

 

UK

Grafton Group (GFTU)

WAG Payment Solutions (WPS)

Genus (GNS)

 

US

NIO (NIO) E

Broadcom (AVGO) AMC

Docusign (DOCU) AMC

Lululemon Athletica (LULU) E

UiPath (PATH) AMC

 

Reporting Tomorrow:

 

UK

Ashmore Group (ASHM)

 

US

None

 

In Focus Today:

 

EU Retail Sales

US Challenger Job Cuts

US Initial Jobless Claims

US Nonfarm Productivity

 

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 4th September 2025:

Admiral Group

Antofagasta

 

UK 250 companies going ex-dividend on 4th September 2025:

Ithaca Energy

Hammerson

Foresight Environmental Infrastructure

Rathbones Group

Derwent London

Empiric Student Property

 

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