Market Roundup · 12 Nov

Good evening, and welcome to the TradingFloor AI market roundup for Thursday the 12th of November 2026, from the stock market encyclopedia you can talk to. Every figure you'll hear comes from the original announcements and data, credited on screen. Today: a sudden leadership change at Nvidia, the latest UK growth figures, and a busy day of UK company results. We start in the United States. At 1:48pm UK time, Nvidia's board announced that Jensen Huang has resigned as president, chief executive and a board member, effective immediately. Chief financial officer Colette Kress becomes interim chief executive, while the board searches for a permanent successor from inside and outside the company. Harvey Jones becomes the board's first-ever chair. The company's statement does not give a reason for the departure. By 3:05pm UK time, Nvidia shares were at $160.25, down 7.8% on Wednesday's close. Bitcoin slipped too. On Coinbase it traded at $71,313 at 3:14pm UK time, down 3.5% since midnight. CoinDesk reported a fifth straight day of outflows from US bitcoin exchange-traded funds. Here in the UK, the Office for National Statistics estimates the economy grew 0.7% between July and September, after 0.5% in the previous quarter. Services led the way, up 0.9%, while construction fell 0.7%. Output was 1.9% higher than a year earlier. Rolls-Royce says it has further confidence in its full-year guidance of £4.7 to £4.9 billion of underlying operating profit, and £3.8 to £4 billion of free cash flow. It's speeding up its share buyback, announcing an interim buyback of £1.5 billion, to be completed by its full-year results on the 25th of February. Its large engine order backlog has grown to around 2,500 engines. Defence group BAE Systems now expects free cash flow of around £3 billion this year, up from more than £2 billion, and says it has secured £33 billion of orders so far. Its sales, profit and earnings targets remain on track. Burberry returned to an operating profit in the first half. Revenue rose 6% to £1,098 million, and comparable retail sales were up 4%, a fifth consecutive quarter of growth. Reported operating profit was £54 million, against a loss of £18 million a year earlier. The shares were up 6.7% in afternoon trading. Discount retailer B&M says its Back to B&M Basics plan is starting to deliver. UK like-for-like sales grew 3.2% in the second quarter. Group revenue rose 3.6% to £2,848 million, and adjusted profit before tax was up 16.6% at £121 million. TradingFloor AI's automated assessment scored the results 79 out of 100, very good, and the shares were up 18% in afternoon trading. WH Smith's full-year revenue rose 5% to £1,625 million, but headline profit before tax fell to £76 million, from £108 million. Trading in the first 10 weeks of the new year was flat on a like-for-like basis, and it expects profit for the year to August 2027 in line with market expectations of £75 to £85 million. The shares were down 7.5%. Wizz Air carried 46.1 million passengers in the six months to September, up 26%, and revenue rose 13.8% to €3.8 billion. But net profit fell to €108.1 million, from €323.5 million, while fuel cost per seat kilometre rose 14.5%. The shares were down 2.4%. And housebuilder Persimmon says it is gaining market share in a challenging market. Its sales rate rose to 0.79 net private sales per outlet per week, from 0.76. Private forward sales are up 3% at £2.15 billion, planning approvals rose 12%, and it plans to deliver around 12,500 homes this year. The shares rose 5.3%. What to watch: Nvidia says it will still report its third-quarter results as previously scheduled, on Tuesday the 17th of November at about 9:20pm UK time. And B&M pays its interim dividend of 3.6 pence on the 18th of December. That's the roundup. TradingFloor AI is the stock market encyclopedia you can talk to, trained to help you navigate the market without searching, just by speaking. Ask Stock Chat anything about these companies, by voice or text, with live sources. Open any chart and our AI chartist maps support, resistance and technical targets for you, in plain English. Sign up to the stock market encyclopedia today at tradingfloorai.com. It's research and education, not personal investment advice. Stop searching the stock market. Start talking to it.