Today in the UK stock market: Trump hints that the conflict may end, stocks rise, and the pound breaks above $1.34

LootboxPhobia · 2026-03-10T19:44:52+00:00

On Tuesday, the UK stock market rose as tensions in the Middle East eased, with the FTSE 100 index up 1.5%. Several companies reported better-than-expected earnings, driving stock prices higher, such as Perrimon and Genuit Group performing well. Rotork's stock fell due to weak guidance, while Cegid's stock plummeted despite better-than-expected earnings, as its guidance also fell short of expectations. The Competition and Markets Authority approved water companies' price increases.

LootboxPhobia

2026-03-10 19:44:52

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Investing.com – On Tuesday, the UK stock market rose, following the end of a consecutive decline trend in European markets after U.S. President Donald Trump hinted that Middle East conflicts might be nearing resolution. Falling oil prices triggered a relief rally in stocks.

As of 13:21 GMT, the FTSE 100 blue-chip index was up 1.5%, and the GBP/USD exchange rate increased 0.2% to 1.3461. Germany’s DAX rose 2.4%, and France’s CAC 40 gained 1.6%.

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Persimmon (LON:PSN) announced full-year profits exceeding its guidance, with sales early in 2026 surpassing the same period last year, pushing the UK’s largest homebuilder by market value up over 10%.

The York-based group reported fiscal year ending December 31, 2025, pre-tax profit of £445.6 million, above its guidance range of £415 million to £440 million. Basic operating profit margin increased 20 basis points to 14.3%.

Genuit Group (LON:GENG) reported full-year results exceeding analyst expectations, with basic operating profit reaching £94.4 million. The UK’s largest provider of sustainable water and climate solutions posted revenue of £602.1 million for the fiscal year ending December 31, 2025, up 7.3% year-over-year, and 3.2% on a like-for-like basis. The stock rose 8.7%. Revenue was slightly below analyst forecasts.

Domino’s Pizza Group (LON:DOM) reported full-year results in line with analyst expectations, with revenue of £685.4 million, compared to the consensus of £685 million. The UK and Ireland pizza delivery operator posted adjusted EBITDA of £133.9 million, slightly above the consensus of £133.4 million but down 6.6% from £143.4 million last year.

Adjusted EPS was 17.6 pence, in line with forecasts but down 13.7% from 20.4 pence last year. Revenue increased 3.1% to £664.5 million, driven by growth in company-operated store sales offsetting declines in supply chain sales.

Rotork (LON:ROR) reported full-year 2025 results in line with expectations, but its stock fell 10.1% as guidance for 2026 indicated weak growth in key oil and gas markets. The flow control specialist posted revenue of £777.3 million, up 3.0% year-over-year, and 3.7% on an organic fixed exchange rate basis, slightly below the analyst forecast of £787 million.

Adjusted operating profit grew 7.3% to £191.5 million, with margins expanding 100 basis points to 24.6%, above the consensus of 24.1%. Adjusted EPS was 17.0 pence, in line with forecasts.

Spirax-Sarco Engineering (LON:SPX) reported 2025 adjusted operating profit of £339.9 million, exceeding the analyst estimate of £332 million. Revenue was £1.7029 billion, up 5% organically, outpacing global industrial production growth of 2.1%. Organic growth in adjusted operating profit was 6%, with margins increasing 30 basis points to 20.0%.

CPI (LON:CPI) stock fell 13.5%, despite full-year results beating expectations, due to weaker guidance for 2026, caused by ongoing losses in its contact center business and rising startup costs.

This UK business process outsourcing firm reported 2025 adjusted revenue of £2.2 billion, down 1.2% year-over-year from £2.23 billion. Adjusted EBITDA surged 34% to £113.5 million, surpassing analyst estimates, aided by £250 million in cost reductions.

Sabre Insurance Group (LON:SBRE) posted a full-year 2025 after-tax profit of £37.9 million, 3.9% above analyst expectations. The UK auto insurer improved underwriting profit margins and announced premium income recovery. Pre-tax profit for the fiscal year ending December 31, 2025, increased 4.9% to £51 million, while gross written premiums declined 14.2% to £202.9 million.

Net insurance profit margin rose to 19.2% from 17.6% in 2024, within the company’s target range of 18% to 22%. Revenue declined slightly to £248.1 million from £248.1 million in 2024.

An independent panel appointed by the Competition and Markets Authority finalized decisions on controversial price regulation for five water companies, allowing their customers’ bills to increase by an average of 2.2%.

The ruling affects Anglian Water, Northumbrian Water, Southeast Water, Southern Water, and Wessex Water, which serve about 14 million people and generate approximately £5 billion annually. These companies rejected Ofwat’s price control decision in December 2024 and requested a reassessment.

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