ADVFN UK Market News

Category: Top Story

  • European Stocks Advance as Oil Prices Decline Ahead of Central Bank Decisions: DAX, CAC, FTSE100

    European Stocks Advance as Oil Prices Decline Ahead of Central Bank Decisions: DAX, CAC, FTSE100

    European stock markets traded mostly higher on Monday, supported by a decline in oil prices as investors prepared for interest rate decisions from major central banks and quarterly earnings announcements from leading technology companies.

    The FTSE 100 gained 0.5%, while France’s CAC 40 and Germany’s DAX each advanced 0.9%.

    Market attention remained focused on developments in the Middle East, the outlook for monetary policy and the financial performance of companies investing heavily in artificial intelligence infrastructure.

    Oil Prices Fall Following Middle East Diplomatic Developments

    Oil prices declined by nearly 2% after Saudi Arabia partially resumed operations at King Khalid International Airport in Riyadh and a Qatari delegation arrived in Tehran for diplomatic discussions.

    The visit was part of renewed efforts to reduce regional tensions, undertaken in coordination with the United States.

    The developments followed disruptions associated with the continuing conflict in the Middle East, which has affected energy markets and raised concerns about regional oil supplies.

    The decline in crude prices provided some relief to equity markets, where investors have been assessing the potential effects of higher energy costs on inflation, corporate expenses and consumer demand.

    Further developments in diplomatic negotiations and regional security remain relevant to the outlook for oil prices.

    Fed, ECB and Bank of Japan Prepare Interest Rate Announcements

    Investors are also awaiting monetary policy decisions from the US Federal Reserve, the European Central Bank and the Bank of Japan.

    The three institutions are scheduled to announce their decisions between 28 and 30 October.

    The meetings come as central banks assess inflation, economic activity and the implications of energy price movements for monetary policy.

    Investors will examine the accompanying statements and comments from policymakers for indications of how interest rates may develop over the coming months.

    The announcements could influence government bond yields, currency markets and equity valuations.

    Technology Earnings to Provide Further Information on AI Spending

    Quarterly results from several major US technology companies are also scheduled for this week.

    Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), Intel (NASDAQ:INTC) and SanDisk (NASDAQ:SNDK) are among the companies expected to report earnings.

    The announcements come amid investor scrutiny of spending on artificial intelligence infrastructure and uncertainty about the financial returns from those investments.

    Market participants will assess revenue, profitability, capital expenditure and management guidance for information about demand for AI-related products and services.

    The results could also provide further indications of how technology companies are financing infrastructure expansion and managing associated costs.

    Bolloré and Man Group Shares Rise, Sika Declines

    Individual European companies also recorded share price movements following corporate announcements.

    French conglomerate Bolloré advanced after reporting its group revenue figures for the third quarter and the first nine months of 2026.

    The company’s revenue performance was among the factors drawing investor attention during Monday’s session.

    In London, Man Group (LSE:EMG) shares rose following the announcement of an expanded strategic partnership with Japan’s Meiji Yasuda Life Insurance.

    The agreement extends the relationship between the UK investment management company and the Japanese insurer.

    Meanwhile, shares in Swiss speciality chemicals company Sika (TG:SIKA) declined after the company agreed to acquire Duproof, a Dubai-based manufacturer of waterproofing membranes.

    The acquisition represents an expansion of Sika’s activities in construction-related materials.

    European Market Outlook

    European equities began the week with gains across several major indices as oil prices eased and investors awaited further economic and corporate developments.

    Central bank announcements between 28 and 30 October will provide information about the direction of monetary policy, while technology earnings will offer additional evidence about corporate spending and returns associated with artificial intelligence.

    Developments in the Middle East and company-specific announcements will remain additional factors for European markets.

  • Wall Street Futures Gain as Oil Retreats Ahead of Earnings and Central Bank Meetings: Dow Jones, S&P, Nasdaq

    Wall Street Futures Gain as Oil Retreats Ahead of Earnings and Central Bank Meetings: Dow Jones, S&P, Nasdaq

    US stock index futures advanced on Monday as financial markets prepared for a week of corporate earnings, monetary policy announcements and international political developments.

    Crude oil prices declined following reports of diplomatic discussions involving the United States, Iran and Qatar, reversing part of the previous week’s increase.

    Investors were also monitoring French government bond markets after Moody’s maintained the country’s sovereign credit rating, while Brazil’s presidential election produced a result that differed from market expectations.

    Verizon (NYSE:VZ) is among the first major US companies scheduled to release quarterly results this week.

    US Equity Futures Point to Higher Opening

    Futures linked to the S&P 500, Nasdaq 100 and Dow Jones Industrial Average moved higher before Monday’s opening bell.

    At 04:43 ET (08:43 GMT), S&P 500 futures were up 23 points, or 0.3%, while Nasdaq 100 futures gained 64 points, equivalent to 0.2%.

    Dow futures increased by 241 points, representing a 0.5% advance.

    The movements followed declines across all three major US indices on Friday.

    Market sentiment during the previous session had been affected by several developments, including concerns about the financing of artificial intelligence infrastructure, expectations for interest rates and rising geopolitical tensions.

    Investors have been assessing the potential financial effects of substantial AI-related capital expenditure, particularly where companies are using debt to support investment.

    The possibility that borrowing costs could remain elevated for an extended period has also influenced expectations for corporate profitability and equity valuations.

    Meanwhile, US Treasury bonds attracted buying interest as investors evaluated uncertainty in international financial markets.

    Some analysts linked the demand to a preference for assets perceived as relatively secure during periods of increased market volatility.

    Brent Falls to $114.92 as Diplomatic Efforts Continue

    Oil prices declined on Monday following reports that Qatari representatives had travelled to Tehran over the weekend to discuss possible measures to reduce tensions between Iran and the United States.

    Brent crude futures fell 1.6% to $114.92 per barrel, while US West Texas Intermediate futures declined 2.0% to $101.25 per barrel.

    The movements followed a weekly increase of more than 6% in Brent, which had reached its highest weekly closing price since 2022.

    The previous week’s rise was associated with concerns about the possibility of renewed US military action against Iran and further disruption to energy supplies in the Middle East.

    Recent media reports suggested that President Donald Trump was considering additional strikes against Iran after the November US midterm elections.

    Speaking to Fox News on Sunday, Trump said it was “getting to be decision time” on whether to undertake further military action or reach an agreement with Tehran.

    Iranian officials had previously warned of retaliatory action in response to additional attacks.

    Tensions involving Saudi Arabia and Iran-backed Houthi forces in Yemen have also contributed to uncertainty surrounding regional energy infrastructure.

    Exchanges of strikes raised concerns about potential interruptions to oil transportation and production.

    Although Monday’s decline in crude prices followed reports of diplomatic contacts, the possibility of further regional disruption remained under consideration by energy market participants.

    Corporate Earnings Calendar Includes Verizon and Major Technology Companies

    A substantial number of US companies are scheduled to report quarterly earnings this week, providing investors with updated information about business conditions and investment plans.

    Approximately 25% of S&P 500 companies have already published their latest results.

    Analysts at Vital Knowledge said the earnings reported so far indicated that underlying demand had remained resilient.

    They also identified cost management and higher selling prices as factors supporting company profits.

    Investors will be assessing whether similar conditions are evident in the results still to be published.

    Technology earnings will be closely examined following recent declines in shares associated with artificial intelligence investment.

    Market participants are particularly interested in how companies are financing large infrastructure projects and whether spending is translating into revenue and cash generation.

    Verizon (NYSE:VZ) is scheduled to release its quarterly figures before the opening of US trading on Monday.

    The telecommunications company faces competition from established providers AT&T and T-Mobile, as well as newer communications services linked to SpaceX.

    Its results will offer further information about operating trends and competitive conditions within the US telecommunications industry.

    French Government Bonds Recover After Moody’s Rating Decision

    French government bond prices increased on Monday, with the yield on the country’s benchmark 10-year debt moving lower.

    The changes followed a weekend during which large demonstrations appeared to ease, although further industrial action has been announced.

    The protests, which initially involved students, have broadened to include concerns about wages, household expenses and the provision of public services.

    Trade union representatives have called for further demonstrations next weekend and a nationwide strike on 5 November.

    France’s sovereign credit position also remained in focus after Moody’s confirmed its Aa3 rating on Friday.

    The agency’s decision came despite expectations among some investors that it might revise its assessment.

    French bond futures rose following the announcement, while the euro strengthened.

    The developments provided additional information for investors evaluating France’s fiscal outlook and the potential effects of continued political and social uncertainty.

    However, the country’s budgetary challenges and the possibility of further demonstrations remain relevant to financial market expectations.

    Brazil’s Election Result Prompts Market Reassessment

    Political developments in Brazil also influenced international trading after Luiz Inácio Lula da Silva won a fourth presidential term.

    With 99% of votes counted, Brazil’s Superior Electoral Court reported that Lula had received approximately 51.8% of the vote.

    His opponent, Senator Flávio Bolsonaro, secured around 48.2%.

    The result followed a first round in which Bolsonaro had led the contest.

    Bolsonaro subsequently disputed the election outcome and requested that the vote be annulled.

    He alleged that the Supreme Court had interfered with the electoral process by extending voting hours in certain areas.

    Those allegations were presented as Bolsonaro’s claims and had not been established as findings of electoral misconduct.

    Analysts at Deutsche Bank said financial markets had increasingly positioned for a Bolsonaro victory before the second-round result.

    Following the announcement, a Tokyo-listed exchange-traded fund tracking Brazilian equities declined during Asian trading.

    Capital Economics also commented on the implications for Brazil’s financial markets and economic policy outlook.

    In a research note, its analysts said Lula’s victory could reduce expectations for fiscal reforms intended to improve public finances and support growth.

    The firm anticipated potential declines in Brazil’s currency and equity markets, alongside an increase in government bond yields.

    The forecasts reflected Capital Economics’ assessment and were not confirmed market outcomes.

    Investors Assess Earnings, Monetary Policy and International Developments

    The week’s financial market calendar includes several events that could influence asset prices and investor expectations.

    Corporate earnings will provide information about company profitability, demand conditions and the scale of planned investment, including expenditure on artificial intelligence infrastructure.

    Central bank meetings will also be monitored for decisions on interest rates and indications about future monetary policy.

    Meanwhile, developments involving the United States and Iran remain relevant to international oil markets.

    Political and fiscal developments in France, together with the outcome of Brazil’s presidential election, provide additional considerations for global investors.

    Monday’s gains in US stock futures and the decline in crude oil prices marked the initial market response ahead of these scheduled announcements and ongoing developments.

  • European Stocks Edge Higher as Oil Prices Ease Ahead of Fed and ECB Decisions: DAX, CAC, FTSE100

    European Stocks Edge Higher as Oil Prices Ease Ahead of Fed and ECB Decisions: DAX, CAC, FTSE100

    European stock markets traded slightly higher on Monday as investors assessed diplomatic efforts to reduce tensions in the Middle East, a decline in crude oil prices and a series of upcoming central bank decisions.

    The pan-European STOXX 600 index was broadly unchanged after losing more than 1% during the previous week, when technology shares declined and political developments in France contributed to market uncertainty.

    Germany’s DAX advanced 0.4%, while France’s CAC 40 gained 0.6%. Italy’s FTSE MIB rose 0.5%, while London’s FTSE 100 declined 0.1%.

    The UK index was affected by losses in energy companies BP (LSE:BP.) and Shell (LSE:SHEL), both of which are scheduled to publish financial results during the week.

    Crude oil futures fell approximately 1% following reports of diplomatic discussions involving Qatar, Iran and the United States aimed at reducing regional tensions.

    Investors were also preparing for quarterly earnings announcements from major US technology companies, including Alphabet, Microsoft and Amazon.

    Oil Prices Retreat Following Reports of Diplomatic Discussions

    International crude oil prices declined on Monday following reports that Qatari mediators had visited Tehran on Sunday to coordinate diplomatic efforts with Washington.

    The discussions were reportedly intended to reduce tensions in the Middle East following recent attacks on energy and transport infrastructure.

    Oil futures fell approximately 1%, reversing part of the previous week’s gains.

    Brent crude had increased 6.2% over the preceding week, reaching its highest weekly closing level since mid-2022.

    The increase followed coordinated drone and missile attacks by Houthi forces targeting infrastructure in Saudi Arabia.

    Those developments had raised concerns about potential disruptions to regional energy supplies and international shipping routes.

    Monday’s decline in crude prices reduced some of the immediate pressure associated with higher energy costs, particularly for European economies that depend on imported oil and gas.

    However, prices remained elevated following the previous week’s increase, leaving energy costs and their potential inflationary effects among the factors being monitored by financial markets.

    Federal Reserve Expected to Hold Rates as December Hike Expectations Increase

    Investors are awaiting monetary policy decisions from several major central banks this week, with particular attention on the Federal Reserve, European Central Bank and Bank of Japan.

    Money markets currently expect the Federal Reserve to maintain its benchmark interest rate within the 3.75%–4.00% range at its upcoming meeting.

    However, interest rate swaps indicate an estimated 80% probability of a 25-basis-point increase in December.

    These market expectations reflect concerns that higher energy prices could contribute to persistent inflationary pressures.

    An increase in oil prices can affect consumer prices through fuel, transport and production costs, although the broader inflationary impact depends on factors including demand conditions and the duration of the price increase.

    The Federal Reserve’s decision and accompanying policy commentary will provide further information about how officials are assessing inflation, economic activity and interest rate expectations.

    Market-implied probabilities remain subject to change as new economic information becomes available.

    ECB and Bank of Japan Decisions Also in Focus

    The European Central Bank and Bank of Japan are also expected to leave their respective policy rates unchanged at this week’s meetings.

    Nevertheless, financial markets are pricing in the possibility of additional monetary tightening before the end of the year or early in the following quarter.

    The expectations reflect concerns about the effect of elevated energy prices on inflation.

    For the ECB, the relationship between imported energy costs, consumer prices and economic growth remains relevant to its assessment of monetary conditions across the eurozone.

    The Bank of Japan faces a different economic and monetary policy environment, although energy costs also influence domestic price developments.

    Investors will examine the statements accompanying both decisions for indications of how policymakers are assessing inflation risks and the potential timing of future rate changes.

    The expected decisions to maintain current rates do not establish whether or when subsequent increases will occur.

    Alphabet, Microsoft and Amazon Earnings Put AI Spending Under Scrutiny

    Corporate earnings will provide another focus for international equity markets this week.

    Approximately one-third of companies in the S&P 500 are scheduled to report quarterly results, including major technology groups Alphabet (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).

    Investors are expected to pay particular attention to capital expenditure plans associated with artificial intelligence infrastructure and cloud computing.

    Technology shares declined during the previous week amid questions about the scale of AI-related investment, the use of debt financing and the time required for those investments to generate financial returns.

    The upcoming results will provide updated information about revenue growth, operating profitability, cash generation and planned expenditure.

    Management guidance on capital investment will also be relevant to assessing future demand for data centre equipment and semiconductor manufacturing technology.

    ASML and ASM International Among European Companies Exposed to AI Investment Trends

    Developments in US technology spending are also relevant to European semiconductor equipment manufacturers.

    ASML (EU:ASML) and ASM International (EU:ASM) supply equipment used in semiconductor production and are therefore exposed to investment decisions across the global chip manufacturing industry.

    Capital expenditure plans announced by major cloud computing companies can influence expectations for demand throughout the semiconductor supply chain.

    However, the relationship between spending by US technology groups and equipment orders received by European manufacturers is not necessarily immediate.

    Demand also depends on semiconductor producers’ investment schedules, manufacturing capacity requirements and technology development plans.

    The forthcoming earnings announcements from Alphabet, Microsoft and Amazon will provide additional information for investors assessing these industry trends.

    Moody’s Maintains France’s Sovereign Rating Despite Fiscal Concerns

    French financial markets also received an update on the country’s sovereign credit position after Moody’s decided not to downgrade France’s credit rating late Friday.

    The decision came amid political uncertainty surrounding President Emmanuel Macron’s proposed budget and continuing domestic unrest.

    French government bonds had experienced selling pressure during the previous week, with the yield on the benchmark 10-year bond moving above 5%.

    The yield reached its highest level since 2002, according to the market data cited.

    Bond yields generally move inversely to prices, meaning that an increase in yields is associated with a decline in the market value of existing bonds.

    Moody’s decision to maintain France’s rating removed the immediate prospect of a downgrade by that agency, although it did not resolve the underlying fiscal and political issues.

    Investors continue to monitor the government’s budget plans, public borrowing requirements and developments affecting France’s sovereign debt market.

    European Markets Await Policy Decisions and Corporate Results

    Monday’s trading reflected several developments affecting European equities, including lower oil prices, diplomatic activity in the Middle East and the approaching monetary policy announcements.

    The STOXX 600 remained broadly stable after the previous week’s decline, while Germany, France and Italy recorded modest gains.

    Investors will be assessing the Federal Reserve, ECB and Bank of Japan decisions alongside earnings announcements from major US technology companies.

    The outlook for energy prices and the financial position of France will also remain relevant to European markets.

    Together, these developments will provide additional information about inflation expectations, corporate investment and economic conditions during the remainder of the week.

  • FTSE 100 Rises 0.47% as Gold Miners Advance Ahead of UK Budget

    FTSE 100 Rises 0.47% as Gold Miners Advance Ahead of UK Budget

    The FTSE 100 moved higher on Monday, recovering from an earlier decline as mining shares advanced alongside gold prices, while crude oil futures fell amid developments in the Middle East.

    London’s benchmark index gained 0.47% by 08:20 GMT, reversing losses recorded earlier in the session. Investors were also assessing the outlook for UK fiscal policy ahead of Wednesday’s Budget announcement.

    European equities traded higher, with Germany’s DAX increasing 0.57% and France’s CAC 40 advancing 0.68%.

    Sterling weakened 0.14% against the US dollar to $1.3358.

    Gold Mining Shares Rise as Precious Metal Prices Increase

    Gold producers were among the gainers on the London market as bullion prices advanced.

    Fresnillo (LSE:FRES) shares rose 2.35%, while Endeavour Mining (LSE:EDV) gained 1.27%.

    Gold futures increased 0.50% to $4,027.77 per ounce, while spot gold rose 0.47% to $4,014.16 per ounce.

    The increase in gold prices coincided with gains in precious metals mining stocks, contributing to the FTSE 100’s recovery from its earlier decline.

    Mining companies can be sensitive to movements in commodity prices because changes in the value of their output may affect revenue and operating margins.

    The gains came as investors continued to assess geopolitical developments and their potential implications for global financial and commodity markets.

    Brent Crude Falls 1.44% Amid Middle East Diplomatic Developments

    Oil prices declined during Monday’s session as investors monitored diplomatic and security developments involving Iran and other regional governments.

    Brent crude futures fell 1.44% to $110.10 per barrel, while US West Texas Intermediate futures declined 1.89% to $101.33.

    Saudi Arabia, Pakistan and Turkey were scheduled to hold security discussions with Iran in Tehran on Monday.

    The meeting would represent the first high-level engagement between Tehran and all three members of the Mecca Joint Defence Agreement.

    The talks formed part of continuing regional diplomatic activity following the outbreak of the conflict involving Iran in February.

    Market participants were also assessing the implications of shipping conditions through the Strait of Hormuz, a major route for international energy exports.

    US Military Reports Continued Oil Shipments Through Strait of Hormuz

    US Central Command said American forces had assisted Gulf states in exporting more than 1.5 billion barrels of oil through the Strait of Hormuz since the summer.

    According to CENTCOM, more than 95% of over 3,000 vessel transits had been completed safely during the period.

    The figures provided an indication of shipping activity through the waterway despite continuing regional security concerns.

    Meanwhile, International Energy Agency Executive Director Fatih Birol said he did not see a credible route for global energy markets to return to their pre-war conditions in 2027.

    His comments reflected the potential longer-term implications of the conflict for energy supply, infrastructure and international trade.

    The war began following US-Israeli strikes on Iran on 28 February.

    Iran and Israel Address Regional Security Outlook

    Diplomatic developments remained in focus following comments from officials in Iran and Israel.

    Israeli Defence Minister Israel Katz said Israel did not intend to initiate an attack on Iran before the country’s elections on Tuesday.

    His remarks followed a Channel 12 report suggesting differences between Prime Minister Benjamin Netanyahu and military chief Eyal Zamir.

    Katz rejected the suggestion that Israel was preparing an attack ahead of the vote.

    Separately, Iranian foreign ministry spokesman Esmaeil Baghaei told German broadcaster ARD that Tehran had remained open to negotiations.

    He said communications were continuing through intermediaries, while describing Washington’s position as seeking Iran’s complete surrender.

    The statements came ahead of the planned security discussions in Tehran involving Saudi Arabia, Pakistan and Turkey.

    UK Investors Await Wednesday’s Budget Announcement

    Domestic fiscal policy remained another consideration for London-listed equities ahead of Wednesday’s Budget.

    According to the Financial Times, Chancellor John Healey is expected to announce £20.4 billion in funding for the National Wealth Fund and the British Business Bank.

    The reported allocation would relate to government-backed investment and business financing initiatives.

    Investors are awaiting further details of the Budget, including potential changes to taxation, public expenditure and investment policy.

    Prime Minister Andy Burnham also addressed the government’s political and economic priorities in an interview with ITV.

    He said the government was not proposing to rejoin the European Union during the current parliamentary term and ruled out an early general election.

    Housing Secretary Angela Rayner separately told the BBC that the prime minister wanted an open discussion about the trade-offs involved in policy decisions.

    The comments came as financial markets assessed the potential direction of government policy ahead of the fiscal announcement.

    European Equities Advance as Sterling Weakens

    The recovery in UK equities was accompanied by gains across major continental European indices.

    Germany’s DAX rose 0.57%, while France’s CAC 40 increased 0.68%.

    In currency markets, sterling declined 0.14% against the US dollar to $1.3358.

    Commodity price movements remained mixed, with gold trading higher and crude oil futures moving lower.

    The FTSE 100’s 0.47% increase reflected gains recorded by the time of the market snapshot, rather than a final closing level.

    Investors continued to monitor the forthcoming UK Budget, developments in Middle East diplomacy and changes in global energy prices.

  • Market Open: Plus500 Raises Outlook, Computacenter Lifts Guidance

    Market Open: Plus500 Raises Outlook, Computacenter Lifts Guidance

    FTSE 100 rises as Plus500 and Computacenter lift profit expectations. European stocks gain, while Brent crude falls amid Middle East diplomacy.

    Market Overview

    The FTSE 100 opened 0.38 per cent higher at 10,731.89, supported by gains in mining stocks as investors assessed developments in Middle Eastern diplomacy and awaited Wednesday’s UK Budget. European markets also advanced, with the Euronext 100 gaining 0.11 per cent to 1,848.86 and Germany’s DAX rising 0.53 per cent to 25,314.50, as investors looked ahead to central bank decisions. On Wall Street, the Nasdaq closed lower at 25,955.34, while the S&P 500 declined to 7,623.68, reflecting continued caution towards US equities.

    Commodity markets were mixed, with copper and gold advancing while Brent crude declined amid diplomatic efforts to ease tensions involving Iran, despite continuing concerns over Middle Eastern energy infrastructure. Natural gas prices edged higher. Against sterling, the US dollar and Australian dollar weakened, while the Swiss franc, euro and Japanese yen strengthened. Bitcoin also advanced against the pound. Investors remain focused on energy-driven inflation pressures, forthcoming central bank decisions and major technology company earnings.

    Market Numbers

    FTSE 100: Up (+0.38%), 10,731.89
    Euronext 100: Up (+0.11%), 1,848.86
    DAX: Up (+0.53%), 25,314.50
    NASDAQ: Down, 25,955.34
    S&P 500: Down, 7,623.68

    In the Headlines

    Revenue Growth – Plus500 (LSE:PLUS)
    Financial technology group Plus500 reported an 11 per cent increase in third-quarter revenue to $203.2 million, with EBITDA rising to $88.4 million. The company now expects full-year revenue and EBITDA to exceed market expectations, supported by customer activity and trading income.

    Profit Outlook Raised – Computacenter (LSE:CCC)
    Technology services provider Computacenter raised its full-year 2026 adjusted profit before tax outlook to at least £425 million following better-than-expected third-quarter trading. Growth in Technology Sourcing and Professional Services, alongside demand from North American and UK cloud infrastructure customers, supported the revised guidance.

    Currencies (vs GBP)

    USD: Down (-0.16%), $1.3356
    CHF: Up (+0.02%), Fr.1.1022
    EUR: Up (+0.43%), €1.1917
    JPY: Up (+0.06%), ¥209.9175
    AUD: Down (-0.10%), $1.9005
    Bitcoin (BTC/GBP): Up, £60,160.70

    Commodities

    Copper: Up (+0.36%)
    Gold: Up (+0.19%)
    Brent Crude: Down (-1.76%)
    Natural Gas: Up (+0.73%)

  • Plus500 Reports 11% Rise in Q3 Revenue to $203.2 Million and Raises Full-Year Expectations

    Plus500 Reports 11% Rise in Q3 Revenue to $203.2 Million and Raises Full-Year Expectations

    Plus500 (LSE:PLUS) reported an 11% increase in third-quarter revenue to $203.2 million, compared with $182.7 million a year earlier, as customer numbers increased and trading income contributed to revenue growth.

    The multi-asset financial technology group recorded quarterly EBITDA of $88.4 million, up 7% from $82.7 million in the corresponding period of 2025, representing an EBITDA margin of 44%.

    For the nine months ended 30 September 2026, revenue increased 11% to $666.1 million, while EBITDA rose 3% to $275.9 million.

    Following the results, Plus500 said it expects full-year 2026 revenue and EBITDA to exceed current market expectations.

    The company also reported progress in expanding its operations in the United States and Latin America, including proposed acquisitions in the US and Brazil and plans to launch a multi-asset trading application in the first quarter of 2027.

    Third-Quarter EBITDA Increases 7% to $88.4 Million

    Plus500 generated revenue of $203.2 million in the third quarter of 2026, an increase of 11% from $182.7 million in Q3 2025.

    EBITDA rose to $88.4 million from $82.7 million, representing year-on-year growth of 7%.

    The quarterly EBITDA margin was 44%, reflecting the relationship between revenue growth and operating expenditure during the period.

    For the first nine months of 2026, revenue reached $666.1 million, compared with $597.8 million in the corresponding period of 2025.

    Trading income increased to $634.0 million from $547.1 million, offsetting a decline in interest income to $32.1 million from $50.7 million.

    The company attributed the reduction in interest income to lower global interest rates.

    Nine-month EBITDA increased to $275.9 million from $267.8 million, with the company continuing to invest in marketing technology and expanding its operations.

    Customer Income, a measure used by Plus500 to assess revenue generated from customer activity, increased 19% to $641.1 million during the first nine months, compared with $536.7 million a year earlier.

    Third-quarter Customer Income rose 9% to $180.3 million.

    Customer Trading Performance was negative $7.1 million for the nine-month period, compared with positive $10.4 million in the prior year. In the third quarter, the measure was positive $11.9 million, compared with negative $3.6 million a year earlier.

    Plus500 maintained its expectation that Customer Trading Performance will remain broadly neutral over time.

    New Customer Numbers Increase 27% as Acquisition Costs Decline

    Plus500 reported 28,747 new customers during the third quarter, an increase of 27% from 22,644 in Q3 2025.

    The number of active customers increased 4% to 119,528, compared with 115,327 in the previous year.

    Average revenue per user rose 7% to $1,700 from $1,584, while average user acquisition cost declined 14% to $1,150 from $1,344.

    For the first nine months of 2026, new customer numbers increased 20% to 94,470, compared with 78,809 during the corresponding period of 2025.

    Active customers increased 10% to 230,287, while average revenue per user rose 2% to $2,893.

    Average user acquisition cost for the nine-month period declined 5% to $1,206.

    Customer deposits totalled $1.9 billion during the third quarter, compared with $1.7 billion a year earlier.

    Average deposits per active customer increased approximately 7% to $15,800 from $14,700.

    For the first nine months, customer deposits reached $5.3 billion, compared with $4.8 billion in 2025.

    US Non-OTC Business Accounts for 16% of Nine-Month Revenue

    Plus500 reported further expansion of its non-over-the-counter (non-OTC) business, which includes futures, options on futures and prediction market products.

    The segment accounted for approximately 16% of group revenue and 31% of new customers during the first nine months of 2026.

    Customer segregated funds exceeded $1 billion at 30 September 2026.

    The company also announced two business partnerships with Wealthsimple and Nelogica, expanding the distribution of its trading technology and infrastructure through business-to-business and business-to-business-to-consumer channels.

    Plus500’s existing institutional relationships also include Topstep.

    During the period, the group introduced additional US trading products, including Commodity Futures Trading Commission-regulated sports and non-sports prediction market contracts and single-stock futures.

    The company said it intends to introduce further products as it expands its US operations.

    Plus500 Plans US Multi-Asset Trading App for First Quarter of 2027

    Plus500 outlined plans to launch a new multi-asset trading application in the United States during the first quarter of 2027.

    The proposed platform is intended to combine access to futures, options on futures, prediction markets, equities, options and exchange-traded funds within a single application.

    The development is linked to Plus500’s recently announced conditional acquisition of Hedge Capital Markets, a US broker-dealer.

    The acquisition would provide access to markets regulated by the US Securities and Exchange Commission, complementing Plus500’s existing operations regulated by the Commodity Futures Trading Commission.

    The company plans to use its proprietary technology to integrate the additional securities products into its existing trading infrastructure.

    Following the proposed US launch, Plus500 intends to consider introducing the application in other international markets.

    The company has not disclosed a specific launch date within the first quarter or provided financial projections for the new platform.

    Proposed Broker-Dealer Acquisitions Expand Operations in US and Brazil

    Alongside its US expansion plans, Plus500 announced the conditional acquisition of Guru, a regulated broker-dealer in Brazil.

    The transaction is intended to establish the company’s first locally regulated operations in Brazil and enable it to begin onboarding customers in the country.

    Plus500 already has a business partnership with Brazilian financial technology company Nelogica and maintains a presence in Colombia.

    The proposed acquisition would extend its direct operations in Latin America and provide access to additional products and customer segments.

    Both the Hedge and Guru acquisitions are expected to be funded entirely from Plus500’s existing cash resources.

    The company has not disclosed the financial terms of the transactions in its latest trading update.

    Plus500 Expands Trading Hours and Product Availability

    Plus500 continued developing its OTC trading business during the period, introducing extended trading hours for selected financial instruments.

    The company launched 24-hour trading on stocks and exchange-traded funds during five days of the week.

    Shortly after the third quarter ended, it expanded trading availability to include 24-hour, seven-day access to gold, silver, oil and natural gas products.

    Plus500 also introduced new daily options contracts.

    The additions form part of the group’s strategy to expand its product range and provide customers with access to different markets and trading schedules.

    Cash Exceeds $775 Million Following Dividends and Share Buybacks

    Plus500 reported cash balances exceeding $775 million at 30 September 2026 and confirmed that the group remained debt-free.

    During the third quarter, the company paid dividends totalling $87.4 million and repurchased approximately $63.5 million of its shares.

    At the end of September, Plus500 held 43,980,450 ordinary shares in treasury, representing approximately 38% of its issued share capital.

    Since beginning its share repurchase programmes in 2017, the company has acquired a total of 51,113,187 ordinary shares at an average price of £17.70 per share.

    The reported cumulative figure excludes shares subsequently issued from treasury under equity-based compensation arrangements.

    Shares held in treasury do not carry voting rights or dividend entitlements.

    Plus500 said its capital allocation strategy continues to include investment in existing operations, potential acquisitions and shareholder distributions.

    Plus500 Expects Full-Year Revenue and EBITDA to Exceed Market Forecasts

    Following its performance during the first nine months of 2026, Plus500’s board expects full-year revenue and EBITDA to exceed current market expectations.

    The company did not provide revised numerical guidance in its trading update.

    Chief Executive Officer David Zruia attributed the group’s performance to customer acquisition, expansion of its non-OTC activities and the introduction of additional trading products.

    Management also identified the proposed acquisitions in the US and Brazil as part of its strategy to enter new regulated markets and broaden its international operations.

    Plus500 operates across more than 60 countries and continues to develop its proprietary trading technology for retail and institutional customers.

    The company’s remaining 2026 activities include progressing its proposed acquisitions, developing additional trading products and preparing for the planned US multi-asset application launch in early 2027.

  • Empyrean Energy Targets January 2027 Drilling at GOLD Project in Austria

    Empyrean Energy Targets January 2027 Drilling at GOLD Project in Austria

    Empyrean Energy plc (LSE:EME) has provided an update on its planned investment in the GOLD Cluster gas exploration project in Upper Austria, confirming that construction of the GOLD-1 wellsite is scheduled to begin on 27 October 2026, with drilling expected to commence in the first week of January 2027.

    The oil and gas exploration and development company is working towards finalising an Exploration and Investment Agreement (EIA) with ADX VIE GmbH (ADX.V), under which Empyrean would acquire a 10% economic interest in the GOLD Cluster.

    Both companies expect to execute the agreement by 30 October 2026, allowing additional time to complete the associated partnership arrangements.

    The revised drilling timetable reflects rig availability and operational considerations associated with equipment mobilisation and staffing during the Christmas and New Year period.

    Empyrean and ADX Target 30 October Agreement

    Empyrean and ADX.V are continuing negotiations to finalise the Exploration and Investment Agreement governing Empyrean’s proposed participation in the GOLD Cluster.

    Under the proposed transaction, Empyrean would acquire a 10% economic interest in the exploration project, which is currently held entirely by ADX.V.

    The companies expect to sign the EIA by 30 October 2026, following completion of the associated partnership documentation.

    The agreement is intended to establish the contractual framework for Empyrean’s participation in the project and the progression of planned exploration activities.

    Empyrean initially outlined the proposed investment in an announcement dated 14 September 2026.

    The company has not announced completion of the agreement, and its proposed economic interest remains subject to the transaction being finalised.

    GOLD Cluster Covers 73 Square Kilometres in Upper Austria

    The GOLD Cluster comprises three shallow gas exploration prospects: GOLD, ZAUN and GRAB.

    The prospects are located within the Molasse Basin in Upper Austria and cover approximately 73 square kilometres of the ADX-AT-II exploration licence area.

    ADX.V currently holds a 100% interest in the licence area containing the prospects.

    Empyrean’s proposed 10% economic participation would provide exposure to exploration activities across the GOLD Cluster, subject to the terms of the final agreement.

    The GOLD-1 well is the next planned drilling activity within the project.

    The company’s latest announcement did not provide updated prospective resource estimates, drilling costs or additional geological information for the three prospects.

    GOLD-1 Wellsite Construction Scheduled to Begin on 27 October

    Preparations for the GOLD-1 exploration well are progressing, with construction of the wellsite scheduled to commence on 27 October 2026.

    The work forms part of the preparations required before drilling operations can begin.

    Empyrean confirmed that planning for the drilling programme is underway, with the well expected to be spudded during the first week of January 2027.

    The company said the timetable takes account of drilling rig availability and the operational considerations associated with working over the year-end holiday period.

    Equipment mobilisation, personnel availability and drilling activities can be affected by the Christmas and New Year period, according to Empyrean.

    The January schedule is intended to accommodate these factors while allowing site preparations and partnership arrangements to progress.

    No specific drilling completion date or timetable for exploration results was provided.

    Empyrean Outlines Next Steps for Austrian Gas Exploration

    Empyrean Chief Executive Officer Gaz Bisht said the company is continuing to work with ADX.V to complete the EIA and related partnership agreements.

    He explained that the planned January drilling date reflects rig availability and the decision to avoid potential operational inefficiencies associated with mobilisation during the festive period.

    Management said its immediate priorities remain finalising the contractual arrangements, progressing wellsite construction and preparing for the GOLD-1 drilling programme.

    The company has not disclosed any changes to the proposed 10% economic interest or announced additional financial commitments in its latest update.

    Empyrean maintains exploration and development interests in Austria, Indonesia and the United States.

    The GOLD Cluster represents part of its Austrian exploration activities, with the next scheduled milestones being execution of the investment agreement, commencement of site construction and the planned drilling of GOLD-1 in January 2027.

  • Avacta Reports 11.4-Month Median Progression-Free Survival in Salivary Gland Cancer Trial of AVA6000

    Avacta Reports 11.4-Month Median Progression-Free Survival in Salivary Gland Cancer Trial of AVA6000

    Avacta Therapeutics (LSE:AVCT) has reported updated Phase 1a/1b clinical trial results for faridoxorubicin (AVA6000), showing median progression-free survival (PFS) of 11.4 months in a selected group of 32 patients with salivary gland cancer.

    The results, presented at the European Society for Medical Oncology (ESMO) Congress in Madrid, compare with published historical median PFS benchmarks of 6 to 6.7 months for earlier-line treatments.

    The company also reported three partial tumour responses and six minor responses among the 32 patients included in the efficacy analysis, with response durations ranging from 18.7 to 72 weeks.

    Avacta said additional imaging and pharmacokinetic data indicated continued release of the chemotherapy agent doxorubicin within tumours beyond 10 treatment cycles.

    The findings are from an ongoing early-stage clinical trial, and the comparison with historical treatment outcomes is not based on a randomised control group.

    AVA6000 Records Median Progression-Free Survival of 11.4 Months

    Avacta’s latest analysis included 32 patients with salivary gland cancer who received faridoxorubicin at doses of at least 310 mg/m².

    The group was selected from 51 patients with salivary gland cancer enrolled across the Phase 1a/1b trial, with certain rare cancer subtypes and patients who had received more extensive prior treatment excluded from the reported efficacy analysis.

    At the data cutoff of 5 October 2026, median progression-free survival in the selected population was 11.4 months, with a 95% confidence interval ranging from seven months to an upper limit that had not been reached.

    The company compared this result with historical median PFS figures of 6 to 6.7 months reported in published studies of chemotherapy and targeted treatments used in first- and second-line settings.

    These historical comparisons provide context but do not establish that AVA6000 is more effective than existing treatments, as the trial did not directly compare patients receiving faridoxorubicin with a concurrent control group.

    Median overall survival had not been reached at the October data cutoff.

    Avacta described the treatment as well tolerated within the reported patient subset, although the announcement did not provide detailed adverse-event rates.

    Nine Patients Show Partial or Minor Tumour Responses

    Within the 32-patient efficacy population, Avacta reported three partial responses and six minor responses.

    The observed responses lasted between 18.7 and 72 weeks.

    The company said the results provide evidence of antitumour activity in patients with salivary gland cancers, a group of malignancies included in the trial because of their potential expression of fibroblast activation protein (FAP).

    Faridoxorubicin is designed to deliver doxorubicin, an established chemotherapy agent, through Avacta’s pre|CISION peptide-drug conjugate technology.

    The treatment is intended to release doxorubicin in the tumour microenvironment through the activity of FAP, an enzyme associated with certain tumour tissues.

    The ongoing trial is assessing safety, pharmacokinetics and preliminary efficacy in patients with FAP-positive solid tumours.

    AVA6000 is administered by intravenous infusion either every two weeks or every three weeks, depending on the treatment schedule.

    In addition to salivary gland cancer, the Phase 1b expansion includes patients with soft tissue sarcoma and triple-negative breast cancer.

    Avacta said data from the latter two cancer groups are continuing to mature.

    Imaging Data Indicate Continued FAP Activity During Treatment

    Avacta also presented findings from FAP inhibitor positron emission tomography (FAPI-PET) imaging and pharmacokinetic studies examining the activity of faridoxorubicin over repeated treatment cycles.

    According to the company, imaging and tumour tissue analysis indicated that FAP expression was maintained over time in multiple tumour types, including in patients experiencing tumour responses.

    Plasma pharmacokinetic measurements extending to 12 treatment cycles showed continued cleavage of faridoxorubicin into its peptide component and doxorubicin.

    Avacta said these findings indicate that FAP-mediated drug release can persist during prolonged treatment.

    Tumour biopsy data also showed a reported 100:1 concentration ratio of released doxorubicin in tumour tissue relative to plasma.

    The company reported tumour reductions in patients whose samples showed relatively low FAP expression, classified as 1+.

    These observations form part of Avacta’s investigation into whether its drug delivery platform can maintain chemotherapy exposure within tumours over multiple treatment cycles.

    Preclinical Findings Support Further Investigation of Drug Release Mechanism

    Alongside the clinical findings, Avacta referred to preclinical data from its next-generation drug candidate, FAP-Exd (AVA6103), which were also presented at ESMO.

    The preclinical research suggests that treatment may lead to the recruitment of additional FAP-positive fibroblasts into tumour tissue.

    Avacta believes this process could contribute to sustained drug activation as treatment continues, including when tumours decrease in size.

    The company said the findings may help explain the continued release of doxorubicin observed in the AVA6000 clinical trial.

    However, the proposed mechanism is supported by preclinical research and requires further evaluation to establish its clinical relevance.

    AVA6103 is a next-generation pre|CISION peptide-drug conjugate designed to use FAP-mediated activation to release its therapeutic payload.

    Avacta expects to present additional tumour pharmacokinetic and drug-release data for AVA6103 in late 2026, followed by initial efficacy data during the first half of 2027.

    Avacta and Clinical Investigators Comment on ESMO Findings

    Christina Coughlin, Chief Executive Officer of Avacta, said the updated clinical and preclinical datasets support the company’s research into sustained delivery of chemotherapy agents within tumour tissue.

    Management believes the findings provide evidence that the pre|CISION platform can maintain drug activation over prolonged treatment periods.

    The company also considers the data relevant to its development of AVA6103, which is intended to build on the drug delivery approach used in faridoxorubicin.

    Alan Ho, Chief of the Head and Neck Oncology Service at Memorial Sloan Kettering Cancer Center in New York and senior author of the ESMO presentation, highlighted the disease-control observations in patients with salivary gland cancers.

    He also identified the FAPI-PET imaging findings as relevant to understanding FAP expression during treatment.

    The company has not announced a change to the clinical development programme for AVA6000 or provided a timetable for any potential regulatory submission.

    Further Clinical Data Expected From Avacta’s Oncology Pipeline

    Avacta is continuing its Phase 1a/1b evaluation of faridoxorubicin, with additional data from patients with soft tissue sarcoma and triple-negative breast cancer still being collected.

    The company is also progressing AVA6103 as part of its next-generation pre|CISION development programme.

    Its planned milestones include further pharmacokinetic and drug-release findings for AVA6103 before the end of 2026 and initial efficacy results in the first half of 2027.

    The latest AVA6000 findings provide preliminary clinical evidence of antitumour activity and progression-free survival outcomes in a selected salivary gland cancer population.

    Further clinical investigation will be needed to establish the treatment’s efficacy, safety profile and comparative performance against existing therapies.

  • Georgina Energy Updates Hussar Drilling Plans as Weather and Road Restrictions Delay Rig Mobilisation

    Georgina Energy Updates Hussar Drilling Plans as Weather and Road Restrictions Delay Rig Mobilisation

    Georgina Energy Plc (LSE:GEX) has provided an operational update on its Hussar EP513 helium, hydrogen and natural gas exploration project in Western Australia, confirming that preparations at the drilling site are complete while weather-related road restrictions continue to delay the mobilisation of the Ensign 970 drilling rig.

    The company is working with Ensign Energy Services to develop a revised mobilisation plan, including the assessment of alternative access routes to the Hussar 2 wellsite.

    Georgina said all civil engineering and site preparation activities required for drilling have been completed, with contractors and their equipment having demobilised from the location.

    The company intends to announce a revised drilling commencement date once access arrangements have been finalised.

    Road Closures and Weather Conditions Affect Hussar Drilling Schedule

    Georgina reported that continuing restrictions on heavy vehicle movements and variable weather conditions have prevented the Ensign 970 drilling rig from reaching the Hussar site.

    The company and its operating partner, Westmarket Oil & Gas Pty Ltd (WMOG), are assessing alternative transport arrangements to facilitate mobilisation.

    Georgina stated that neither it nor WMOG has received notification of any requirement to pay AU$10 million in road access costs. It also said neither party had been notified of such a payment being necessary before using council-administered roads.

    According to the company, WMOG and its contractors are currently using these roads for operational activities.

    WMOG has undertaken road improvement work at its own expense along the Eagle Highway, from the Mangkili turnoff on the Gunbarrel Highway to the proposed Hussar 2 site.

    The company said the work also included upgrading the local wellsite airstrip to the required specifications, with plans to install emergency runway lighting.

    Georgina has engaged consulting engineers Aztech and Ingenua to examine access options for the Ensign 970 rig.

    Ingenua is reviewing a proposed Road User Agreement and is in discussions with stakeholders, including the Shire of Wiluna, the Western Australian Main Roads Department and the Shire of Leonora.

    One alternative route under consideration would approach the site via Leonora, following the Great Central Road and David Carnegie Highway before connecting to the Eagle Highway.

    Georgina said it is prioritising personnel and equipment safety while working towards resolving the access restrictions.

    Seismic Survey Planned Subject to Regulatory and Heritage Approvals

    Alongside preparations for drilling, Georgina is progressing a seismic exploration programme at Hussar that remains subject to final approvals.

    The company expects the survey to require approximately 30 days of fieldwork once the necessary authorisations have been obtained.

    Unlike the drilling rig mobilisation, the planned seismic activities will not require heavy vehicle access.

    Georgina intends to use lightweight seismic equipment, including vibration sources mounted on rubber-tyred or crawler vehicles.

    The proposed technology is designed to operate without clearing or grading seismic lines and without deploying extended geophone cables.

    The survey will also incorporate wireless data collection systems using Bluetooth Low Energy or other wireless transmission technology.

    The programme remains subject to approvals from the relevant Western Australian mining and petroleum authorities and Traditional Owner cultural heritage processes.

    Georgina said it expects the outstanding approvals shortly, although no confirmed commencement date has been provided.

    Hussar Well Targets Helium, Hydrogen and Natural Gas at Approximately 3,200 Metres

    The Hussar prospect is located within Exploration Permit EP513 in the Officer Basin of Western Australia.

    The proposed exploration well is designed to investigate subsalt reservoir formations, including the Townsend Formation and fractured Neoproterozoic basement rocks.

    These formations represent the primary exploration targets for helium, hydrogen and natural gas.

    Georgina plans to drill to an initial total depth of approximately 3,200 metres, with the possibility of extending the well depending on encountered gas indications and reservoir characteristics.

    The company has also identified secondary hydrocarbon gas targets within the overlying Kanpa and Hussar formations.

    According to Georgina, previous drilling has identified hydrocarbon indications and reservoir porosity within these formations, although they have not been adequately tested.

    The proposed Hussar well is intended to provide further geological and reservoir information to assess the prospect’s resource potential.

    Independent Report Estimates Prospective Resources of 283 BCF Helium and 315 BCF Hydrogen

    Georgina referenced an independent geological report dated 1 February 2026, prepared by Competent Person Maki Petkovski, which assessed the prospective resources associated with the Hussar project.

    The report identified unrisked, net attributable 2U prospective resources of 283 billion cubic feet (BCF) of helium, 315 BCF of hydrogen and 2.93 trillion cubic feet (TCF) of hydrocarbon gas.

    These figures are prospective resource estimates rather than confirmed reserves or commercially recoverable quantities.

    The company also presented an estimated combined unrisked in-situ value of approximately US$152 billion, based on assumed prices of US$450 per thousand cubic feet of helium, US$2.65 per kilogram of hydrogen and US$8 per thousand cubic feet of hydrocarbon gas.

    Georgina said the valuation was developed using pricing references from the Australian Energy Regulator and the Helium Price Index.

    The estimated figure represents a theoretical in-situ resource value and does not constitute a project valuation, revenue forecast or estimate of future profit.

    It excludes production, gas separation and transportation costs, and the company acknowledged that there is no certainty any portion of the prospective resources will be commercially recovered.

    Further exploration, drilling and technical evaluation will be required to establish the presence, extent and commercial viability of any discovered resources.

    Georgina Energy Maintains Hussar Development Plans

    Georgina said its immediate operational focus remains on securing suitable access for the Ensign 970 drilling rig and establishing a revised commencement date for the Hussar exploration well.

    Chief Executive Officer Anthony Hamilton said the company expects to address the weather-related road restrictions through further planning and continues to prioritise drilling the Hussar prospect for its helium and hydrogen potential.

    The company has not provided a revised drilling timetable or quantified the financial impact of the mobilisation delays.

    Georgina intends to issue further updates as access arrangements progress, including additional site photographs and details of the revised drilling schedule.

    The company continues to pursue its exploration and development activities at Hussar, with drilling and seismic work intended to provide further information on the project’s subsurface resources.

  • Computacenter Raises FY2026 Profit Outlook to at Least £425 Million Following Q3 Trading

    Computacenter Raises FY2026 Profit Outlook to at Least £425 Million Following Q3 Trading

    Computacenter plc (LSE:CCC) has raised its full-year 2026 adjusted profit before tax outlook to at least £425 million following third-quarter trading that exceeded management’s expectations, supported by growth in Technology Sourcing and Professional Services.

    The technology and services provider reported increased demand from hyperscale and neocloud customers in North America and the UK during the three months ended 30 September 2026.

    Group Technology Sourcing revenue increased compared with the previous year, while Services revenue also grew, as higher Professional Services revenue more than offset a decline in Managed Services.

    Computacenter ended September with a committed product order backlog of £12.6 billion, up from £9.3 billion at the end of June, representing an increase of £3.3 billion, or approximately 35.5%.

    The company said its revised profit expectations reflect third-quarter performance and trading during the opening weeks of the fourth quarter.

    North America Drives Growth in Technology Sourcing and Professional Services

    Computacenter reported continued growth across its North American operations, supported by project completions and demand from hyperscale and neocloud customers.

    The region recorded its highest level of project completions during the quarter, contributing to revenue growth in both Technology Sourcing and Professional Services.

    North America also reported an increase in its committed product order backlog, reflecting additional customer orders.

    The company identified the region as a principal contributor to its third-quarter performance, alongside continued demand from UK customers.

    Group Technology Sourcing revenue benefited from customer activity in both markets, while Professional Services recorded organic growth, primarily driven by North America.

    Managed Services revenue declined compared with the corresponding period last year, although growth in Professional Services was sufficient to deliver an overall increase in Group Services revenue.

    Computacenter did not provide individual divisional revenue figures or regional growth percentages in its third-quarter update.

    UK Technology Sourcing Revenue Increases as Germany Maintains Underlying Performance

    Computacenter reported growth in its UK operations during the September quarter, with Technology Sourcing recording an increase in revenue.

    Professional Services revenue also rose in the UK, contributing to the group’s overall Services performance.

    In Germany, Technology Sourcing revenue increased compared with the prior-year period, while Professional Services revenue remained broadly stable.

    The company said it continues to implement measures intended to improve operational efficiency and align resources with customer demand in Germany.

    These actions were previously outlined in Computacenter’s half-year results.

    The trading update did not provide additional financial details regarding the German efficiency programme or specify any associated costs or savings.

    Committed Product Order Backlog Reaches £12.6 Billion

    Computacenter reported a committed product order backlog of £12.6 billion at the end of September 2026, compared with £9.3 billion three months earlier.

    The £3.3 billion quarterly increase reflects growth in committed customer orders, with North America contributing to the expansion.

    The company also reported an ongoing pipeline of business opportunities in North America and the UK.

    Computacenter said the backlog and current trading conditions were factors supporting its updated financial outlook.

    The company did not provide a timetable for converting the full order backlog into revenue.

    Computacenter Expects Adjusted Profit Before Tax of at Least £425 Million

    Following the third-quarter performance and the start of fourth-quarter trading, Computacenter now expects adjusted profit before tax for FY2026 to be no less than £425 million.

    The revised guidance follows the company’s first-half performance and continued growth in Technology Sourcing and Professional Services during the September quarter.

    Computacenter said the increase in its full-year expectations reflects trading ahead of its previous assumptions.

    The company did not disclose a revised full-year revenue forecast or provide additional guidance for individual business divisions.

    The third-quarter trading information remains unaudited.

    Capital Markets Event Scheduled for 24 November

    Computacenter will host a Capital Markets Event on 24 November 2026 at its Hatfield facilities in Hertfordshire.

    The event will be led by Chief Executive Officer Mike Norris and Chief Financial Officer Keith Mortimer, alongside presentations from senior management.

    Topics will include the company’s growth opportunities in North America and its European data centre capabilities.

    Attendees will also be offered a visit to Computacenter’s Hatfield Integration Center and its new Liquid Cooling Facility.

    The company is scheduled to publish its next trading update on 28 January 2027, when it will provide a pre-close assessment of its full-year performance.