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London pre-open: Stocks to edge lower as investors mull inflation reading

(Sharecast News) - London stocks were set to edge down at the open on Wednesday as investors mulled the latest UK inflation reading and earnings from Barclays. The FTSE 100 was called to open around 10 points lower.

Figures from the Office for National Statistics showed the rate of inflation was unchanged in September, after a jump in airfares was offset by lower prices elsewhere.

The cost of food also fell for the first time since May 2024.

The consumer prices index rose by 3.8% in the 12 months to September 2025, unchanged on August. Analysts had been expected an increase, to 4%.

Core inflation, which strips out the most volatile elements of energy, food, alcohol and tobacco, rose 3.5%, down from the 3.6% seen in August.

In corporate news, Barclays Bank said pre-tax profit fell 7% in the third quarter to £2bn - in line with estimates, launched a £500m share buyback and unveiled a plan to move to quarterly share buyback announcements.

The lender said it also planned to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for the latter.

Precious metals miner Fresnillo reiterated its full-year production guidance after trading in line with expectations in the third quarter, but said gold output was trending towards the upper end of its target range.

As expected, silver production of 11.7m ounces fell by 6.6% quarter-on-quarter and 19.1% year-on-year due to the cessation of mining activities at San Julián, which accounted for a fifth of total silver output in 2024, as well as lower ore grades. Gold production of 151,300 ounces was down 4.1% over the quarter and 3.5% lower compared with last year.

Consumer goods giant Reckitt Group reiterated its full-year guidance as it reported a "strong" third-quarter performance, with like-for-like net revenue up 7% in the three months ended 30 September at £3.61bn.

Reckitt's emerging markets vertical saw a significant LFL net revenue increase of 15.5% to £1.08m, while Europe returned to growth with a 0.8% increase to £865m and North America grew by 1.3% to £658m.

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