Morgan Stanley (MS) 

Morgan Stanley (MS) jumped nearly 6% on Thursday and rose again in pre-market trading on Friday after reporting upbeat fourth-quarter results, which exceeded Wall Street expectations on the back of strong revenue from wealth management.

Fourth-quarter net income rose to $4.40bn, or $2.68 per share, from $3.71bn, or $2.22 per share, a year ago. Revenue increased to $17.89bn from $16.22bn a year ago.

The wealth management unit posted $8.4bn in net revenue in the most recent quarter, up from $7.5bn a year earlier. For the full year, the division generated a record $31.8bn in net revenue.

Total client assets in the wealth and investment management business climbed to $9.3tn, fuelled by more than $350 billion in net new assets.

“Morgan Stanley delivered outstanding performance in 2025,” Ted Pick, the bank’s chief executive and chairman, said in a statement. “Our performance reflects multi-year investments which have contributed to growth and momentum across the integrated firm.”

Morgan Stanley shares have gained more than 43% over the past 12 months.

Anglo American (AAL.L)

London’s listed miners were among the worst performers in the city this morning, with the likes of Anglo American down as much as 1.8% after opening.

It comes as copper prices are down around 2% morning amid reports that Chinese regulators have ordered exchanges to remove servers operated by high-frequency traders from their datacentres.

The Shanghai Futures Exchange, a major metals trading platform, has told brokers they need to get equipment for high-speed clients out by the end of the month, according to a report by Bloomberg. Other clients will need to do so by the end of April, it reported.

Endeavour Mining (EDV.L), Rio Tinto (RIO.L), Antofagasta (ANTO.L), and Glencore (GLEN.L) also lost ground in London on Friday.

Read more: Stocks that are trending today

Genus (GNS.L)

Shares in the biotech business Genus surged as much as 10% this morning, to the top of the FTSE 250 (^FTMC), up around 8% at the time of writing, as it beat expectations for its half-year trading update.

The animal genetics company has forecasted about £50m in actual currency for its adjusted pre-tax profit.

The London-listed business said it had performed strongly in the six months to 31 December, and expects adjusted pre-tax profits to come in around £50m in actual currency, ahead of internal forecasts.

Last September, the company struck a deal to accelerate its 49%-owned porcine joint venture with BCA in China. Genus confirmed that it had received approval from the relevant authorities in China, trigging the $7.5m milestone payment.

Analysts at the broker Peel Hunt credited its earnings beat to strong performance in its pig breeding business. 

The Basingstoke-based firm helps farmers breed animals with certain traits such as disease resistance and faster growth. It operates in more than 25 countries, with research laboratories in Wisconsin.

BAE Systems (BA.L)

BAE Systems rose on Friday, up 1.6% at the time of writing, along with other defence-related firms such as Babcock (BAB.L) and Rolls-Royce (RR.L). 

It came as Nato personnel from a number of European countries landed in Greenland for an exercise after Trump seeks to own the country, which is a semi-autonomous part of Denmark.

He doubled down on his bid to bring Greenland under US control, telling reporters in the Oval Office, "we need Greenland for national security". Although he did not rule out the use of force, he said late on Wednesday that he thought something could be worked out with Denmark.

"The problem is there's not a thing that Denmark can do about it if Russia or China wants to occupy Greenland, but there's everything we can do. You found that out last week with Venezuela."

Speaking to reporters on Thursday, White House press secretary Karoline Leavitt said she didn't think the deployment of additional European troops to Greenland would impact the president's decision-making process on the Arctic territory. She added: "Nor does it impact his goal of the acquisition of Greenland at all."

Neil Wilson, UK investor strategist at Saxo Markets, said it was "hardly a show of force, but a reminder of what's at stake here".

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