London pre-open: Stocks to gain on solid Wall Street cues
By Michele Maatouk
Date: Wednesday 10 Sep 2025
(Sharecast News) - London stocks were set to gain at the open on Wednesday following a solid close on Wall Street, where all three benchmarks hit records amid rate cut hopes.
The FTSE 100 was called to open around 15 points higher.
Investors will be turning their attention to the US, where the producer price index for August is due at 1330 BST.
Danske Bank said: "This time, the PPI will attract even more attention than usual both because it is released ahead of the August CPI and because the previous July release surprised significantly to the upside.
"It will provide markets with the first sense of how tariff-related costs have continued to build."
In UK corporate news, Associated British Foods said that trading in the second half of its financial year had been resilient, with Primark gaining market share in the UK and delivering strong growth in the US, despite softer conditions in continental Europe.
AB Foods said Primark's total sales growth for H2 was expected to be around 1%, with like-for-like sales down 2% year-on-year. In food, grocery sales were flat, with growth in Twinings and Ovaltine offset by weaker performance in Allied Bakeries and US oils.
Housebuilder Vistry held full-year guidance and said it expected to deliver a year-on-year increase in profits this fiscal year despite an uncertain economic environment and a 33% fall in interim earnings.
Pre-tax profit came in at £80.6m for the six months to 30 June, with completions down 12% to 6,889 units. Vistry is pinning its hopes on the government's £39bn social and affordable home programme.
Residential landlord Grainger announced that its new Seraphina Apartments asset in Canning Town has experienced stronger-than-expected demand, with 50% of units leased out in under a month.
The lease-up performance, which the company said was well ahead of expectations, is a "fantastic result and a clear demonstration of the demand for our high-quality rental homes", according to chief executive Helen Gordon.
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