Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- British stocks gained at Wednesday’s open, while the pound extended its decline, as several U.K. companies, including GSK, reported their earnings.
The blue-chip index FTSE 100 rose 0.7% and the British GBP/USD fell 0.3% against the dollar, trading above the 1.32 level.
The DAX index in Germany declined 0.6%, and the CAC 40 in France fell 0.2%.
- GSK plc (LON:GSK) raised its full-year 2025 guidance after reporting strong third-quarter results with double-digit growth in profit and earnings, driven by strong performance in its Specialty Medicines and Vaccines divisions. The London-based biopharmaceutical company reported total sales of £8.5 billion for the quarter, representing a 7% increase at actual exchange rates and 8% at constant exchange rates. Core operating profit grew by 11%, while core earnings per share rose 14% to 55 pence.
- In contrast, Aston Martin Lagonda Global Holdings PLC (BS:AMLl) faced significant challenges in its third quarter, with wholesale volumes declining 13% and revenue dropping 27% compared to the same period last year. The luxury automaker delivered 1,430 vehicles in Q3 2025, down from 1,641 in Q3 2024, citing "heightened challenges in the global macroeconomic environment." Revenue fell to £285.2 million from £391.6 million, while operating losses more than doubled to £56.1 million from £26.7 million in Q3 2024. Loss before tax surged to £111.9 million from £12.2 million a year earlier.
- Elementis PLC (LON:ELM) reported a resilient third-quarter performance with sales of $152 million, flat year-over-year on a constant currency basis but up approximately 2% on a reported basis. The specialty chemicals company saw EBITA improve year-over-year, with year-to-date EBITA margins consistent with the first half of 2025 at 21.2%. Personal Care and Coatings sales remained flat in constant currency terms.
- Next PLC (LON:NXT) exceeded expectations with a 10.5% increase in full price sales for the third quarter ended October 25, surpassing its guidance of 4.5% growth by £76 million. UK sales rose 5.4%, while international sales surged 38.8%. The retailer has raised its fourth-quarter sales growth guidance from 4.5% to 7.0% and increased its full-year profit before tax guidance by £30 million to £1,135 million, representing a 12.2% increase versus last year.
- Glencore PLC (LON:GLEN) maintained its full-year 2025 production guidance following strong third-quarter performance, particularly in copper and coal. Copper production volumes increased 36% quarter on quarter, with significant improvements across several operations. Year-to-date zinc volumes are up 10% compared to the same period last year. CEO Gary Nagle stated that the company expects full-year Marketing Adjusted EBIT around the mid-point of its recently upgraded $2.3-$3.5 billion long-term guidance range.
- WH Smith PLC (LON:SMWH) said it has postponed the publication of its preliminary results for the financial year ended August 31, 2025, the global travel retailer announced Wednesday.
- Santander UK PLC (LON:SANS_p) has postponed its third quarter 2025 results announcement that was scheduled for Wednesday as it reviews a new Financial Conduct Authority (FCA) consultation on motor finance redress.