London pre-open: Stocks seen up on positive Asian cues
By Michele Maatouk
Date: Wednesday 15 Oct 2025
(Sharecast News) - London stocks were set to rise at the open on Wednesday following an upbeat session in Asia, as investors continued to keep an eye on developments in the trade spat between the US and China.
The FTSE 100 was called to open around 45 points higher.
US President Donald Trump suggested on Tuesday that he was considering ending certain trade ties with China, including cooking oil imports, as a response to reduced US soybean purchases by China.
Danske Bank said: "The move highlights escalating trade tensions, with Washington and Beijing already at odds over tariffs, supply chains, and broader geopolitical issues."
Across the Pond, the earnings season will rumble on, with results due from Bank of America and Morgan Stanley following a raft of bank earnings on Tuesday that included Citi, JP Morgan and Goldman Sachs.
In UK corporate news, gambling and gaming giant Entain reiterated its full-year guidance, despite a slew of customer-friendly results during the third quarter.
Updating on trading, the owner of Coral, Ladbrokes, Foxy Bingo and Gala, among others, said total net gaming revenues (NGR) rose 6% in the three months to 30 September.
In the UK, NGR sparked 8%, while in the US - where Entain has a joint venture, BetMGM - they surged 23%, ahead of expectations.
Wood Group announced that its chief executive Ken Gilmartin is to resign from the board ahead of the proposed £216m takeover by Dubai's Sidara.
Gilmartin, who has been at the helm for three years, will step down after the upcoming shareholder vote on the deal, and will be replaced by Iain Torrens, currently interim chief financial officer.
Property developer Great Portland Estates said it has received planning permission from Southwark Council for the redevelopment of St Thomas Yard, SE1.
Great Portland Estates said that the retrofit-first project will retain the existing 1980s building's primary structure and add five storeys, creating an 11-storey office building and increasing the total net area from approximately 100,000 square feet to 190,000 square feet.
The redevelopment was expected to commence in summer 2026 and be complete in late 2028.
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