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Morning Report - 2 October 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Astrazeneca PLC 12,436.0 11.2%
JD Sports Fashion PLC 101.8 6.8%
GSK PLC 1,671.5 6.2%
Hikma Pharmaceuticals PLC 1,795.0 5.7%
Melrose Industries PLC 630.8 3.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
Babcock International Group PLC 1,280.0 -3.7%
Tesco PLC 429.7 -3.6%
Coca-Cola Hbc AG 3,394.0 -3.1%
Games Workshop Group PLC 14,200.0 -2.3%
Imperial Brands PLC 3,091.0 -2.1%
Major World Indices Price % Chg 1 Year, not sorted
UK 100 INDEX 9,446 1.0% 13.9%
DOW JONES INDUS. AVG 46,441 0.1% 10.1%
DAX INDEX 24,114 1.0% 25.8%
NIKKEI 225 44,937 0.9% 19.2%
S&P/ASX 200 INDEX 8,946 1.1% 9.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 61.88 0.16%
Brent Crude (ICE) USD/bbl. 65.47 0.18%
Gold Spot USD/t oz. 3,869 0.1%
Copper (Comex) USd/lb. 493 0.9%
The UK 100 is called to open +40 points this morning at 9,486.

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +40 points this morning at 9,486.  The UK 100 index is set to continue, with futures trading pointing to a 0.3% rise at today’s opening bell.  Gains of 11% for AstraZeneca and 6% for GSK last night helped London’s top flight rise by 1% or 96 points to an all-time high close of 9446.43.

The S&P closed at a record high on Wednesday as traders were hopeful that a U.S. federal government shutdown would be brief and possibly have little impact on the economy.  The broad market index gained 0.34% to close at 6,711.20. Earlier, it had hit a new all-time intraday high. The Nasdaq rose 0.42% to settle at 22,755.16, while the Dow Jones traded up 43.21 points, or 0.09%, to finish at 46,441.10.

Asian stocks trade rise on Thursday, driven by expectations of an imminent shift in U.S. monetary policy. Tech shares led a rally across Asian stock indexes, while gold prices continued to hover near a record high, and the dollar remained weak.

Company News & Broker Comments:

 

Company News:

Tesco today lifted profit guidance for the financial year after posting interim results ahead of City expectations.  The group now sees an adjusted operating profit between £2.9 billion and £3.1 billion, an increase from the previous range of between £2.7 billion and £3 billion.  The figure for the first six months of the year of £1.67 billion rose 1.5% on a year earlier, slightly ahead of the £1.6 billion forecast.  UK market share rose 77 basis points to 28.4% as Tesco has now gained share for 28 consecutive four-week periods. Like-for-like sales rose 4.9% in the UK.

 

Reporting Today:

 

UK

Tesco (TSCO)

US

None

Reporting Tomorrow:

UK

JD Wetherspoon (JDW)

US

None

In Focus Today:

EU Unemployment Rate

US Challenger Job Cuts

US Initial Jobless Claims

US Factory Orders

ECB’s De Guindos speech

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 2nd October 2025:

British American Tobacco

Weir Group

Smith & Nephew

F&C Investment Trust

 

UK 250 companies going ex-dividend on 2nd October 2025:

Kainos Group

Pantheon Infastructure

TP ICAP Group

Petershill Partners

Wickes Group

Hunting

Breedon Group

Morgan Sindall Group

Johnson Service Group

Bodycote

RIT Capital Partners

Law Debenture Group

Travis Perkins

Spectris

 

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