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U.K. stocks rose on Tuesday, buoyed by increased commodity prices that benefited mining and energy shares. The FTSE 100 index climbed 0.5% after a 0.3% gain on Monday. Mining companies such as Anglo American, Antofagasta, and Glencore saw their shares increase by 1-2% as commodity prices continued to trend upward in light of the U.S. President-elect Donald Trump’s tariff remarks.
Single Stock Stories:
Greencore shares up 9.5% after a 36.1% rise in annual pretax profit to £61.5 million. The company announced a £10 million share buyback and reported like-for-like volume growth exceeding the wider market. FY25 adjusted operating profit expected to be in the top half of market estimates (£107.1 million to £98.1 million). GNC has risen ~124% YTD.
SSP Group shares rise 13.2% to 183.53p, leading FTSE 250 gainers. The company reports a 23% increase in FY core profit, meeting analyst estimates. Year-end net debt is 593 million pounds, below the previous guidance of 610-630 million pounds. The company also raises its FY operating profit margin target to 3% for its Continental European unit. Currently, the stock is up 11.8%, reducing YTD losses to approximately 23%.
Shares of UK travel retailer On The Beach rose 13.4%, reaching their highest since June 2022 and becoming the top gainer on the FTSE smallcaps index. The company is confident that Summer ’25 will outperform Summer ’24 and expects FY25 adjusted PBT to align with a consensus estimate of £37.9 million. FY24 adjusted PBT was £31 million, up from £24.8 million last year, with FY revenue increasing 14% to £128.2 million. The stock is up approximately 9.07% year-to-date.
Shares of discoverIE rose 14.1%. The company reported H1 underlying operating margin of 13.8%, up from 12.9% last year, exceeding full-year targets according to Peel Hunt analysts. They are on track to achieve a 15% adjusted operating margin target for FY2027/28. H1 group revenue was 211.1 million pounds ($267.8 million), down from 222 million pounds ($281.7 million) last year. H1 profit before tax was 15.8 million pounds, slightly lower than last year’s 16 million pounds. DSCV expects to meet FY underlying earnings expectations. The stock is down ~11.39% YTD.
Broker Updates:
British electrical retailer Currys falls 4.1% to 77.7p, becoming the top loser on the FTSE midcaps index. Deutsche Bank downgrades its rating to “hold” from “buy” and lowers the target price to 85p from 95p, citing cost controls and price elasticity as key factors. Some UK retailers are better positioned to handle rising wage pressures and weak consumer demand. The stock has risen ~54% this year.
Technical & Trade ViewFTSE Bias: Bullish Above Bearish below 8225
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