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Next week on the stock market

What to expect from a selection of FTSE 100, FTSE 250, and other companies in the week commencing 6th October 2025.
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Among those currently scheduled to release results next week:

06-Oct

No FTSE 350 Reporters

07-Oct

Imperial Brands*

Full Year Trading Statement

CVS Group*

Full Year Results

08-Oct

Unite Group

Q3 Trading Statement

09-Oct

Volution Group

Full Year Results

Ashoka India Equity Investment

Full Year Results

Taiwan Semiconductor Manufacturing Co

Corporate Sales Release

10-Oct

Hays

Q1 Trading Statement

Imperial Brands’ profitability in focus as new CEO takes over

Next week's trading update will reveal whether the tobacco giant has done enough to meet its full-year guidance. Strong pricing in the first half more than offset the decline in tobacco volumes, allowing underlying revenue to grow 3.2% to £3.7bn. And despite charging smokers more to satisfy their cravings, the group’s been making solid market share gains. How long that continues remains to be seen, but we think there’s a strong foundation for achieving full-year growth in the low single-digit range.

However, underlying operating profit growth expectations in the mid-single digits are more demanding. First half growth of just 1.8% means there’s some heavy lifting to be done in the period about to end, and we’ll be keen to hear that Imperial is still on track as Chief Financial Officer Lukas Paravicini steps up to take the CEO seat.

Prices delayed by at least 15 minutes

CVS expects margin expansion; competition enquiry delayed again

CVS Group’s last trading update pointed to full-year revenue of £673mn to be reported in next week’s results. That reflects like-for-like growth of 0.2%, held back by softer market conditions in the UK. The mid-point of analyst forecasts implies underlying cash profit (EBITDA) growth of 4.8% to £133.4mn. We don’t think the final outcome will stray far from this.

Net debt is expected to have fallen by more than £50mn over the second half to £131.4mn. We’ll be watching to see if that’s prompted an acceleration in the group’s expansion in Australia.

The results are coming out a bit later than last year. That’s in the hope there will be more clarity around the delayed decision by the UK Competition and Market’s enquiry into the veterinary industry, but a further postponement by the regulator means we’re not expecting much news on that front.

Prices delayed by at least 15 minutes

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Written by
Derren Nathan
Derren Nathan
Head of Equity Research

Derren leads our Equity Research team with more than 15 years of experience in his field. Thriving in a passionate environment, Derren finds motivation in intellectual challenges and exploring diverse ideas within his writing.

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Article history
Published: 3rd October 2025