Daily Stock Market Report (Wed 25th March 2026) - JNEO, PZC, VLX

Good morning and welcome to Wednesday.
The mood in markets seems to be one of cautious optimism this morning, with most major indices expected to open higher on reports of Iran talks. One major exception to this at the time of writing is the FTSE 100. Of course, things could change as the day unfolds:
Samp;P 500: up 0.6%DAX: up 1.0%FTSE 100: down 0.1%Euro Stoxx 50: up 0.9%
Today's agenda is complete.
To start things off today, Graham has prepared backlog sections on Journeo and PZ Cussons, both of which issued updates yesterday.

Spreadsheet accompanying this report: link.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Rio Tinto (LON:RIO) (£105bn | SR67)Boyne aluminium smelter: long-term future securedThe Queensland and Commonwealth Governments will invest AU$2bn over 10 years to 2040 to support “the transition to long-term competitive power for the smelter”. This will combine with large solar and wind developments that have been underwritten by Rio Tinto.Diageo (LON:DGE) (£30bn | SR55)Diageo subsidiary USL announces divesture in RCBUnited Spirits Limited has agreed the sale of its 100% equity stake in the Royal Challengers Bengalaru cricket teams for INR 166.6bn (approx £1.3bn) to a consortium including Blackstone.