Getting latest data loading
Home / Morning Report / Morning Report – 18th November 2025

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 18 November 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
WPP PLC 320.1 11.0%
Pershing Square Holdings LTD 4,758.0 2.6%
British American Tobacco PLC 4,159.0 2.1%
3I Group PLC 3,399.0 1.9%
Entain PLC 709.4 1.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
Burberry Group PLC 1,150.5 -6.6%
JD Sports Fashion PLC 78.5 -4.7%
Endeavour Mining PLC 3,186.0 -3.5%
Informa PLC 906.6 -3.1%
Marks And Spencer Group PLC 343.2 -3.0%
Major World Indices Price % Chg 1 Year, not sorted
UK 100 INDEX 9,675 0.2% 19.3%
DOW JONES INDUS. AVG 46,590 1.2% 7.4%
DAX INDEX 23,591 1.2% 22.9%
NIKKEI 225 48,703 3.2% 27.4%
S&P/ASX 200 INDEX 8,469 1.9% 2.0%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.42 0.87%
Brent Crude (ICE) USD/bbl. 63.72 0.78%
Gold Spot USD/t oz. 4,011 0.8%
Copper (Comex) USd/lb. 505 0.8%

 

The UK 100 is called to open -102 points at 9573.

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open -102 points at 9573.  
The UK 100 index is set for a fall of more than 1% as traders in London react to overnight losses on Wall Street and in Asia.

Jitters ahead of Nvidia results and Thursday’s labour market report saw the Dow Jones lost 557.24 points, or 1.18%, to close at 46,590.24, as losses in the artificial intelligence chip darling along with Salesforce and Apple pushed the blue-chip index lower. The S&P sank 0.92% to end the day at 6,672.41, while the Nasdaq tumbled 0.84% to settle at 22,708.07.

The decline continued in Asia trading as the Nikkei 225 fell more than 3%, driven by technology valuation fears and Japan’s diplomatic row with China. The Hang Seng index reversed 2%.

Company News & Broker Comments:

 

Company News:

Diploma reported strong financial results for the year ending September 2025, with revenue increasing by 12% to £1,524.5 million and adjusted operating profit rising by 20% to £342.7 million. The company achieved an 11% organic revenue growth, driven by volume-led growth across all sectors, and maintained a robust operating margin of 22.5%. The company’s strategic acquisitions in aerospace, defense, and in vitro diagnostics contributed to its growth, and it plans to continue this momentum into the next fiscal year.

 

Imperial Brands launched a £1.45 billion share buyback and increased its dividend 4.5% as cigarette sales continued to generate strong cash flows and offset losses from ‘next generation’ products (NGPs) such as vapes. Net revenue from tobacco and NGPs increased 1.9% to £8.3 billion in the year to 30 September 2025, or 4.1% if currency swings are ignored.   Cigarette volumes were down 1.7% but this was more than offset by price increases, which drove net revenue growth of 3.7%. NGP net revenue rose 13.7% to £368 million, still a tiny portion of the total. This was driven by growth in nicotine pouches in the US and Europe.  Group adjusted operating profit rose 4.6% to £3.99 billion, with adjusted earnings per share up 9.1% to 315p.  On a reported basis, revenue declined 0.7% to £32.2 billion, with reported operating profit down 1.8% and reported EPS falling 16.5%.  The company declared a full-year dividend of 160.32p per share, up 4.5%, and announced the new buyback for 2026 after completing the last £1.25 billion programme.   Making this possible was free cash flow of £2.7 billion, while adjusted net debt also increased to £8.4 billion from £7.7 billion.

Reporting Today:

 

UK

Diploma (DPLM)

Imperial Brands (IMB)

FirstGroup (FGP)

 

US

Baidu Inc ADR (BIDU) PMO

Medtronic (MDT) PMO

The Home Depot Inc (HD) PMO

Reporting Tomorrow:

 

UK

Severn Trent (SVT)

British Land (BLND)

Smiths Group (SMIN)

Sage Group (SGE)

Jet2 (JET2)

US

NIO Inc ADR (NIO) AMC

NVIDIA Corp (NVDA) AMC

Palo Alto Networks Inc (PANW) AMC

 

 

In Focus Today:

 

ECB’s Elderson speech

BoE’s Pill speech

US ADP Employment Change 4-week average

US Industrial Production

Fed’s Barr speech

BoE’s Dhingra speech

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 20th November 2025:

National Grid

Scottish Mortgage Investment Trust

Vodafone

DCC

 

UK 250 companies going ex-dividend on 20th November 2025:

Volution Group

Empiric Student Proprty

RS Group

Tate & Lyle

Kainos Group

3i Infastructure

B&M European Value Retail

 

 

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.


Back to Top

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.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.