Getting latest data loading
Home / Morning Report / Morning Report – 2nd December 2025

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

Morning Report - 2 December 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo PLC 2,820.0 7.1%
Endeavour Mining PLC 3,612.0 3.5%
Reckitt Benckiser Group PLC 5,994.0 2.4%
Burberry Group PLC 1,166.0 2.3%
Antofagasta PLC 2,820.0 2.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Melrose Industries PLC 567.4 -4.6%
3I Group PLC 3,044.0 -3.6%
Rolls-Royce Holdings PLC 1,037.0 -2.9%
Babcock International Group PLC 1,104.0 -2.6%
BAE Systems PLC 1,609.5 -2.5%
Major World Indices Price % Chg 1 Year
FTSE 100 INDEX 9,703 -0.2% 16.7%
DOW JONES INDUS. AVG 47,289 -0.9% 5.6%
DAX INDEX 23,589 -1.0% 18.3%
NIKKEI 225 49,303 0.0% 28.0%
S&P/ASX 200 INDEX 8,580 0.2% 1.6%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 59.47 0.25%
Brent Crude (ICE) USD/bbl. 63.26 0.16%
Gold Spot USD/t oz. 4,215 0.4%
Copper (Comex) USd/lb. 527 0.6%
The UK 100 is called to open +1 points at 9,703.

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +1 points at 9,703. 
The UK100 index looks set to open marginally higher this morning, adding a singular point to its closing level of 9702 yesterday.

Data out this morning showed shop prices rose by 0.6% compared with a year ago in November, down from the previous month’s rate of 1%.  The research by the British Retail Consortium (BRC) and NIQ also showed a slowdown in food inflation from 3.7% to 3%.

The UK banking system would be able to continue to support the economy even if conditions turn out materially worse than expected, the Bank of England said today.  Announcing the results of its latest stress test, the Bank said no individual institution was required to strengthen its capital position.  The test scenario was based on a severe global supply shock, leading to a deep recession and rise in inflation that required central banks to hike interest rates.  In the stress test, the aggregate Common Equity Tier 1 (CET1) capital ratio starts at 14.5% and falls to a low point of 11% in the first year.  The Bank’s financial stability committee also announced today that it intends to ease capital requirements for lenders by one percentage point to 13%.

Stocks fell Stateside on Monday, following cryptocurrencies lower, as volatility continued into December’s trading month.  The S&P lost 0.53% to end at 6,812.63, while Nasdaq shed 0.38% to finish at 23,275.92. The Dow Jones pulled back by 427.09 points, or 0.9%, to settle at 47,289.33. All three indexes snapped five-day win streaks.

Company News & Broker Comments:

 

Company News:

Wizz Air reported a robust performance in November 2025, with a 9% increase in passenger numbers and a strong load factor of 90.7%, despite expanding its seat capacity by 9.5%. The airline also marked the delivery of its 250th aircraft and improved its CO2 emissions per passenger-kilometer by 3.9%, reinforcing its leadership in environmental efficiency.

Reporting Today:

 

UK

 

Topps Tiles (TPT)

Victrex (VCT)

Discoverie Group (DSCV)

US

 

Signet Jewelers Ltd (SIG) PMO

CrowdStrike Holdings Inc (CRWD) AMC

Reporting Tomorrow:

 

UK

 

Paragon Banking Group (PAG)

Frasers Group (FRAS)

US

 

Salesforce Inc (CRM) AMC

Snowflake Inc (SNOW) AMC

UiPath Inc (PATH) AMC

In Focus Today:

 

UK Financial Stability Report

EU Harmonized Index of Consumer Prices

EU Unemployment Rate

Fed’s Bowman speech

This Week’s Ex-Dividends:

 

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

NEXT

SSE

ICG

Babcock International Group

 

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

Bellway

Ninety One

British Land

Telecom Plus

Energean

Pets at Home 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.


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.
.