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Morning Report - 23 September 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Endeavour Mining PLC 3,022.0 6.9%
Fresnillo PLC 2,380.0 4.6%
St. James’s Place PLC 1,286.0 2.9%
Rio Tinto PLC 4,693.5 2.1%
Glencore PLC 319.1 2.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Diageo PLC 1,780.0 -2.0%
Haleon PLC 332.6 -1.7%
Coca-Cola Europacific Partners PLC 6,540.0 -1.7%
M&G PLC 254.6 -1.6%
Unilever PLC 4,481.0 -1.6%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 9,227 0.1% 11.7%
DOW JONES INDUS. AVG 46,382 0.1% 10.1%
DAX INDEX 23,527 0.5% 24.8%
NIKKEI 225 45,494 1.0% 19.9%
S&P/ASX 200 INDEX 8,846 0.4% 8.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 62.11 -0.27%
Brent Crude (ICE) USD/bbl. 66.35 -0.33%
Gold Spot USD/t oz. 3,756 0.2%
Copper (Comex) USd/lb. 462 -0.2%

 

The UK 100 is called to open +18 points this morning at 9,245.

4 Hours; 10 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +18 points this morning at 9,245.  The UK 100 looks set to open in the green today, having closed up 10.01 points at 9226.68, boosted by gains of 7% for Endeavour Mining and 5% for Fresnillo after gold price surged 2% to a record high.

Stateside yesterday saw the S&P reach new heights, led by a move higher in Nvidia, as a partnership announcement with OpenAI fuelled investor optimism about the future of artificial intelligence.  The broad market index ended the day up 0.44% at 6,693.75, while the Nasdaq jumped 0.70% to finish at 22,788.98. The Dow Jones climbed 66.27 points, or 0.14%, to settle at 46,381.54. Along with the S&P 500, the Nasdaq and Dow had hit new all-time intraday highs during the session and closed at record highs.

 

Company News & Broker Comments:

 

Company News:

Kingfisher today boosted full-year guidance after reporting “strong” results for the first half of the financial year.  Adjusted profit lifted 10.2% to £368 million in the six months to 31 July, with like-for-like sales at B&Q and Screwfix up by 4.4% and 3% respectively.  Kingfisher also reported improved sequential trends in France, where it trades as Castorama, and in Poland.  The group is targeting the upper end of 2025/26 guidance for adjusted profit of between £480-£540 million, as well as free cash flow in the range of £480-£520 million.

 

Smiths Group today reported annual organic revenues growth of 8.9% for the year to 31 July, above its twice-raised guidance between 6-8%.  The industrial conglomerate’s operating profit rose 13.1% to £580 million, having improved its margin by 60 basis points to the top end of its forecast range at 17.4%.  The dividend for the year is 5.1% higher at 46p a share, while the UK 100-listed company has completed 80% of its £500 million share buyback programme.

 

Reporting Today:

 

UK

Smiths Group (SMIN)

Kingfisher (KGF)

Raspberry Pi Holdings (RPI)

US

Micron Technology (MU) AMC

Reporting Tomorrow:

UK

JD Sports (JD.)

Saga (SAGA)

US

None

In Focus Today:

German HCOB PMI

EU HCOB PMI

UK S&P Global PMI

BoE’s Pill speech

US S&P Global PMI

US Existing Home Sales Change

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 25th September 2025:

Phoenix Group Holdings

Endeavour Mining

Rightmove

 

UK 250 companies going ex-dividend on 25th September 2025:

Pollen Street Group

Alfa Financial Software Holdings

Lion Finance Group

Drax Group

Computacenter

HgCapital Trust

JTC

Harworth Group

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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