Daily Stock Market Report (Wed 10th December 2025) - MTEC, CHRT, GKP, PROC

Good morning!

The agenda is now complete.
Spreadsheet accompanying this report: link (last updated to: 10th November).

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)British American Tobacco (LON:BATS) (£93.9bn | SR72)Share Buyback ProgrammeFurther to yesterday’s trading update, BAT confirms a £1.3bn extension to its current buyback programme for 2026.GSK (LON:GSK) (£72.7bn | SR92)GSK'227 US FDA Orphan Drug Designation in SCLCEarly clinical data shows “durable responses in certain types of small-cell lung cancer” (around 13% of all lung cancer in the US).Anglo American (LON:AAL) (£34.4bn | SR66)Anglo American shareholders approve mergerAnglo American merges with Teck Resources and will become Anglo Teck. The combined company will have “more than 70% exposure to copper” and will be based in Canada.Berkeley group (LON:BKG) (£3.43bn | SR66)Half-year Financial ReportH1 26 revenue -7.8% to £1.179.5m, pre-tax profit -7.7% to £254m. NAVps +4.7% to £37.63 vs April 25. On track to deliver FY26 and FY26 pre-tax profit guidance.Volution (LON:FAN) (£1.22bn | SR58)AGM Trading UpdateFY26 “started well”, organic revenue growth c.5%. Total revenue growth inc acquisition c.30%. Another acquisition announced today of AC Industries...