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UK stocks pause after recent gains; HSBC slips
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UK stocks pause after recent gains; HSBC slips
Oct 27, 2025 5:37 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

*

FTSE 100, FTSE 250 up 0.1% each

*

Precious metal miners fall on weaker gold prices

*

HSBC ( HSBC ) to take $1.1 billion hit in Q3

*

Goodwin hits record-high on upbeat FY profit outlook,

dividend

By Avinash P

Oct 27 (Reuters) - London-listed stocks were steady on

Monday as investors paused after a recent rally, while HSBC ( HSBC )

slipped after the lending giant said its quarterly results will

be hit after losing part of a court appeal in Luxembourg.

HSBC ( HSBC ) declined 1% after it said it will report a

$1.1 billion provision in its third-quarter results, due on

Tuesday, after losing part of an appeal tied to Bernard Madoff's

Ponzi scheme. The broader banks index,, however,

traded flat.

More broadly, both the internationally-focused FTSE 100

and the domestically-focused FTSE 250 inched up

0.1% each as of 1208 GMT.

The FTSE 100 touched record levels last week, while the FTSE

250 hit levels last seen nearly four years ago as signs of

moderating price pressures boosted expectations of imminent

interest rate cuts by the Bank of England.

"The (FTSE 100) has had a good run and after the sort of

sudden outbreak of popular enthusiasm about the UK with the CPI

figures last week, hopes are that maybe we have turned a

corner," said Chris Beauchamp, chief market analyst at IG Group.

"There's obviously optimism about the UK, I wouldn't say

it's rampant, but it's still people seeing a lot of value in the

index".

Global sentiment was also upbeat on expectations of the U.S.

sealing a trade deal with China, which sent safe-haven assets

such as gold down nearly 2%. UK-listed precious metal miners

also lost 3.1%.

Among mid-caps, Goodwin surged 33% to a record high

after the mechanical engineering company forecast annual profit

above expectations and declared an unexpected one-off interim

dividend.

Convenience food manufacturer Greencore ( GNCGF ) dropped 2%

after Britain's competition regulator said that the proposed 1.2

billion pound ($1.61 billion) merger with peer Bakkavor ( BKKVF )

might harm competition in the supply of own-label chilled

sauces.

Meanwhile, trade body Make UK said British manufacturers are

investing the least in new equipment relative to their sales

since 2017 and urged the government to streamline tax incentives

in next month's annual budget.

(Reporting by Avinash P and Johann M Cherian in Bengaluru)

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