Nvidia pushes back on AI bubble narrative as Blackwell drives Q3 beat, shares jump
Get more stock picks by Wall Street analysts by upgrading to InvestingPro - get 55% off today.
Investing.com -- British stocks opened higher on Thursday after a losing streak in previous days, while wider European markets traded in the green and JD Sports reported earnings.
As of 0814 GMT, the blue-chip index FTSE 100 rose 0.7% and the British GBP/USD gained 0.03% against the dollar to 1.30.
DAX index in Germany rose 0.8%, the CAC 40 in France up 1.13%.
UK round up
JD Sports Fashion PLC (LON:JD) lowered its profit forecast, pointing to deteriorating consumer conditions as the UK-based sports retailer saw sales decline across most of its major markets in the third quarter. The company now expects its profit before tax and adjusting items to land at the lower end of current market expectations for fiscal year 2026. According to company-compiled data as of November 14, the consensus estimate stands at £871 million, with a range between £853 million and £888 million.
In other corporate news, Senior PLC (LON:SNR) delivered a strong trading update for the ten months ending October 2025, upgrading its full-year profit outlook following better-than-expected results in its Flexonics division and ongoing strength in Aerospace. The engineering solutions provider reported 5.9% year-over-year sales growth in constant currency terms, improving from 5% growth in the first half of the year.
Mitie Group PLC (LON:MTO) announced revenue of £2.68 billion for the first half of fiscal 2026, representing a 10.4% increase year-over-year. This growth was supported by 6.4% organic expansion from net contract wins, project work and pricing, while acquisitions added another 4%. Operating profit before Other items rose 8% to £109 million, with the margin remaining relatively stable at 4.1% despite inflation and higher National Insurance costs. Profit before tax, before other items, reached £98 million in the first six months, up from £94.5 million in the same period last year.
Residential landlord Grainger Plc reported a 12% increase in net rental income to £123.6 million for fiscal year 2025, compared to £110.1 million in the previous year. The company’s EPRA earnings also grew by 12% to £53.7 million, with EPRA earnings per share rising to 7.3 pence from 6.5 pence in FY24. Grainger increased its dividend by 10% to 8.31 pence, marking its 20th consecutive period of dividend growth. The company has distributed approximately £345 million to shareholders over the past decade.
Games Workshop Group PLC (LON:GAW) reported strong first-half trading performance, with core revenue growing 15% to £310 million compared to £269 million in the same period last year. The tabletop gaming company expects first-half profit to reach £135 million, up 6% from £127 million in the previous year’s first half.
In executive changes, Everplay Group PLC (LON:EVPL) has appointed Mikkel Weider as its new CEO, effective January 1. When Weider takes over, current Interim Executive Chair Frank Sagnier will return to his role as Non-Executive Chair.