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Morning Report - 21 October 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Polar Capital Technology Trust PLC 440.0 2.6%
Whitbread PLC 2,973.0 2.5%
Fresnillo PLC 2,408.0 2.4%
Airtel Africa PLC 230.0 2.3%
Weir Group PLC 2,850.0 2.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Pearson PLC 1,088.5 -2.8%
Metlen Energy & Metals PLC 40.8 -1.9%
Persimmon PLC 1,152.0 -1.8%
Associated British Foods PLC 2,205.0 -1.5%
Rightmove PLC 665.4 -1.5%

 

Major World Indices Price % Chg 1 Year, not sorted
UK 100 INDEX 9,404 0.5% 13.1%
DOW JONES INDUS. AVG 46,707 1.1% 8.8%
DAX INDEX 24,259 1.8% 24.7%
NIKKEI 225 49,316 0.3% 26.5%
S&P/ASX 200 INDEX 9,095 0.7% 9.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 57.57 0.09%
Brent Crude (ICE) USD/bbl. 61.05 0.07%
Gold Spot USD/t oz. 4,342 0.3%
Copper (Comex) USd/lb. 501 0.5%

 

The UK 100 is called to open +23 Points this morning at 9,426.

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +23 Points this morning at 9,426.  The UK 100 is called to open higher this morning, the index is called to open up 23 points higher, at 9,426 The projection comes after strong sessions in the US and Asia.  This comes despite recent data showing that UK government borrowing for September hit its highest level in five years.

Stateside, Stocks moved higher on Monday, thanks to a rise in Apple shares, as investors looked ahead to a possible end to the ongoing U.S. government shutdown as well as a slew of big-name earnings reports and inflation data expected in the coming days.  The Dow Jones closed 515.97 points, or 1.12%, higher at 46,706.58. The S&P also climbed 1.07% to settle at 6,735.13, while the Nasdaq advanced 1.37% to settle at 22,990.54.

Asian stock markets showed a generally positive performance following optimism about easing US-China trade tensions and strong gains in US tech stocks.  Japan’s Nikkei 225 surged to a new record high, briefly crossing the 50,000 level for the first time. This rally was supported by the expectation of pro-stimulus policies from Japan’s new Prime Minister, Sanae Takaichi. The index closed at 49,277.47, a 0.19% increase for the day. South Korea’s KOSPI extended its recent record-breaking rally, surpassing 3,800 points to become the world’s best-performing major index this year. The rally was driven by a frenzy over semiconductor stocks. The index finished the day at 3,826.19, up 0.30%.  Hong Kong’s Hang Seng Index also saw gains, rising 1.25% to close at 26,183.45.  China’s Shanghai Composite Index closed at 3,915.37, representing a 1.33% increase.

Company News & Broker Comments:

 

Company News:

BHP Group released its first-quarter operational review for fiscal year 2026 today,  They saw mixed production results, he company reported an increase in copper and metallurgical coal production, but a decrease in iron ore and thermal coal production.  Copper production was up, total copper production rose 4% year-over-year to 493.6 kilotons, driven by record processing at the Escondida mine in Chile. Full-year copper production guidance was maintained.  Iron ore production down, Iron ore production fell by 2% in the quarter, largely due to planned maintenance at its Western Australia mines. However, BHP noted that maintenance on a car dumper was completed ahead of schedule. The full-year production forecast for iron ore was kept unchanged.  Metallurgical coal output was higher, production of metallurgical coal increased by 8%.  Thermal coal output lower: Thermal coal production saw a 4% decline.  BHP said they had seen positive price trends, Despite the mixed production, BHP reported a 5% increase in the average realized price for iron ore sales, which could lead to strong revenue growth.  Strategic projects: The company announced that Stage 1 of its Jansen potash project in Canada is 73% complete and on track for production in 2027.

 

Bunzl maintained its annual outlook on Tuesday after posting a rise in third-quarter sales and a moderation in margin declines compared with the first half, following moves to address market pressures.

 

SEGRO reported a robust third quarter for 2025, driven by improved occupier sentiment and a strong development pipeline. The company signed £22 million in new rent during the quarter, contributing to a total of £53 million for the year to date. SEGRO’s development program saw its most productive quarter since early 2024, with £7 million in pre-letting deals and a healthy pipeline of projects. The company is progressing with data centre developments in the UK and Europe, which are expected to double its rent roll and support future earnings growth. SEGRO’s financial position remains strong, with a disciplined approach to capital allocation and a new €360 million loan facility to support further growth opportunities.

Reporting Today:

 

UK

BHP Group (BHP)

Bunzl  (BNZL)

Segro (SGRO)

US

 

3M Company (MMM) PMO

Coca-Cola Co (KO) PMO

GE Aerospace (GE) PMO

General Motors Co (GM) PMO

Philip Morris International Inc (PM) PMO

Verizon Communications Inc (VZ) PMO

Intuitive Surgical Inc (ISRG) AMC

Netflix Inc (NFLX) AMC

Reporting Tomorrow:

UK

Aberdeen Group (ABDN)

Barclays (BARC)

Reckitt Benckiser (RKT)

Fresnillo (FRES)

Hochschild Mining (HOC)

US

AT&T Inc (T) PMO

CME Group (CME) PMO

GE Vernova (GEV) PMO

Thermo Fisher Scientific (TMO) PMO

International Business Machines Corp (IBM) AMC

QuantumScape Corp (QS) AMC

Tesla Inc (TSLA) AMC

In Focus Today:

ECB’s Lane speech

ECB’s Escrivá speech

ECB’s President Lagarde speech

ECB’s Kocher speech

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 23rd October 2025:

BAE Systems

 

UK 250 companies going ex-dividend on 23rd October 2025:

PayPoint

Moonpig

Morgan Advance Materials

TBC Bank Group

Marshalls

JD Wetherspoon

 

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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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