London open: Stocks edge up as investors eye Nvidia results
By Michele Maatouk
Date: Wednesday 27 Aug 2025
(Sharecast News) - London stocks edged higher in early trade on Wednesday, taking their cue from a positive close on Wall Street, as investors eyed the latest results from Nvidia.
At 0825 BST, the FTSE 100 was up 0.2% at 9,282.62.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "UK markets look set for a brighter start after a choppy return from the long weekend, with the FTSE 100 up at the open. Yesterday's session saw the index slip 0.6%, though it held up better than its European peers as retailers bore the brunt of selling.
"All eyes now turn to Nvidia's earnings tonight, a potential catalyst that could reignite US momentum after Europe's recent outperformance."
In equity markets, sports fashion retailer JD Sports rallied after saying that FY26 pre-tax profits were set to meet current market expectations despite a drop in group sales in the six months ended 2 August. The company also announced a new £100m share buyback.
Prudential gained after it delivered double-digit growth across its key metrics in the first half, with earnings coming in ahead of analysts' forecasts as it announced new plans for share buybacks over the next two years.
The company, which said it had reached an "inflection point in our capital generation", said it would repurchase $500m of shares in 2026 and $600m in 2027.
Richard Hunter, head of markets at Interactive Investor, said: "Prudential's new strategy and fresh purpose is increasingly evident, with an update which breezed past estimates from all angles, enabling a further boost to shareholder returns.
"The outlook comments are upbeat and reiterate expectations for double digit growth in new business profit for this year. The highlight, however, is the group's assertion that it has reached an inflection point in its growth of free surplus capital generation, which in turn will result in higher shareholder returns."
Rio Tinto was also in focus as the mining giant announced the simplification of its product group structure into three businesses: iron ore, aluminium & lithium, and copper.
Hochschild Mining tumbled as it cut its full-year production target after problems at its Mara Rosa operation due to weather and contractor issues.
The company now expects to produce 291,000- 319,000 gold equivalent ounces, down from a prior forecast of 350,000-378,000 ounces. Mara Rosa's production target was revised down to 35,000-45,000 ounces from 94,000-104,000.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN