Newsletter October 2026
Printed on 100% recycled paper
30/09/24
31/12/24
30/03/25
30/06/25
30/09/25
31/12/25
31/03/26
30/06/26
30/09/26
FTSE 100
8237
8173
8583
8761
9350
9931
10176
10497
10606
FTSE All Share
4511
4468
4624
4773
5062
5350
5431
5635
5728
Dow Jones (US)
42330
42544
42002
44095
46398
48063
46342
52319
50906
S&P 500 (US)
5762
5882
5612
6205
6688
6846
6529
7499
7652
Regulatory disclaimer: This newsletter is provided solely to enable clients to make their own investment decisions. The information within this newsletter does not constitute advice or a personal recommendation, or take into account the particular investment objectives, financial situations, or needs of individual clients. It may therefore not be suitable for all recipients. If you have any doubts as to the suitability of this service, you should seek advice from your investment adviser. The past is not necessarily a guide to future performance. The value of investments and the income from them can fall as well as rise and investors may get back less than they originally invested. Certain Investment Trusts will permit using gearing as an investment strategy. Gearing is a strategy which involves borrowing money to increase holdings of investments or investing in warrants or derivatives. Such a strategy is likely to result in movements in the price of the relevant security being amplified significantly and may be subject to sudden and large falls in value and investors may get back nothing at all. Any tax rates and reliefs are those currently applying, are dependent on individual circumstances, and could be subject to change. All estimates and prospective figures quoted in this newsletter are forecasts and are not guaranteed. Within our advisory service we offer advice on a wide range of investments including shares, corporate bonds, gilts and managed funds. We offer restricted advice. This means that we do not offer advice on the whole of the financial planning market which includes products such as life policies and personal pension schemes. We will always recommend what we believe is suitable, based on your personal circumstances and objectives. Barratt and Cooke is the trading name of Barratt & Cooke Limited. Registered in England No. 5378036. Barratt & Cooke Limited is authorised and regulated by the Financial Conduct Authority, who are based at 12 Endeavour Square, London, E20 1JN. Source: Iress and FTSE International Limited (‘FTSE’) © FTSE 2026. ‘FTSE®’ is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and /or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and /or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
First Innings – Politics and Macroeconomics This is an extraordinary time within global stock markets. By historic convention, a period of rising yields, benign (but positive) economic growth and geopolitical conflict on multiple fronts would see equities come under pressure. Yet here we are with markets and client portfolios within touching distances of all-time highs. Moreover, as I shall outline below, we continue to uncover attractive opportunities for the deployment of new capital.
But first to domestic politics. We have a new ‘leader’ in Andy Burnham who was appointed (not elected) as Prime Minister in July. After an initial flurry of announcements regarding Number 10 North, capping bus fares and the possibility of another Scottish independence vote, unfortunately more important policy decisions have not been forthcoming with procurement decisions around defence spending delayed and ‘softened’ with a plan to hit a defence spending target in 2035. That is a long way off, and indeed ‘how’? The announcements continued at the recent Labour Party Conference, where the Prime Minister spoke emotionally about his father Roy whilst his wider narrative focussed on bringing back traditional Labour values and putting Britain on a new path. This was well received by the Labour party faithful, but again Mr Burnham avoided the most sensitive issues he faces. There was no reference to welfare reform nor a commitment to spending 3% of GDP on defence by 2030. The ‘big news’ of breaking the pensions triple lock (which included an unfunded commitment so does not necessarily release money anyway) to fund a National Care Service will not take effect until 2030. There were a number of radical promises proposed, but most of them will be deferred and the country needs to feel the benefits now, not several years hence.
The Iran war has once again brought into question our energy security, yet any decision regarding Rosebank and Jackdaw oil fields has been delayed until after the Holborn and St Pancras by-election. I wonder why? So much for putting party politics aside… Sadly, a focus on minor domestic policies, such as whether crowds should be allowed to consume alcohol in the stands at football matches, when there are globally relevant issues including immigration, wars and existential threat from AI to deal with, is symptomatic of someone who I fear is completely out of his depth. We shall see.
After an initial flurry of announcements regarding Number 10 North, capping bus fares and the possibility of another Scottish independence vote, unfortunately more important policy decisions have not been forthcoming.
Barratt & Cooke Newsletter October 2026
1
The new Chancellor, John Healey, will be announcing his Budget on 28 October 2026. I am conscious that I have covered ‘potential tax implications’ from the Budget in the last two October newsletters, and it is perhaps getting a bit repetitive. But nonetheless, we brace ourselves for potential further increases in capital gains tax, pensions tax (including limits on tax-free withdrawals possibly being reduced further) and no doubt a range of other tax hikes. With UK public sector borrowing exceeding expectations by £2.8bn at £18.3bn in August (consensus was £15.5bn), UK borrowing rose to £77.3bn for the first five months of this financial year. That is £8.1bn ahead of the Office for Budget Responsibility’s (OBR) March forecast. Moreover, I suspect this includes some ‘pre-loading’ as people seek to complete taxable sales (whether listed equity/ private businesses or indeed property portfolios) ahead of the Budget.
Unfortunately, the prospect of further increases in taxation has also accelerated the exodus of the very wealthy, with one high profile recent exit being Chris Rokos, a British billionaire hedge fund manager who paid £330m in tax last year, announcing he is to move his tax residency to Greece. As Arthur Laffer, one of the most prominent American economists and former advisor to three US Presidents, opined, ‘I have never heard of an economy being taxed into prosperity. What’s happening is, Britain is taxing itself into death’. These figures highlight the fiscal challenge facing Chancellor Healey ahead of the October Budget. What was the name of the only UK Chancellor in history to go to the IMF for a bailout? Answer: Healey (1976). Let us hope history does not repeat itself. The perceived loss of economic and fiscal credibility has seen Government borrowing costs rise rapidly. Indeed, as measured by 30 year-gilt yields, UK borrowing costs are at their highest since 1998:
7 6 5 %
4 3 2 1
2
02 6
02 4 01 /
Barratt & Cooke Newsletter October 2026
10 /2
02 2 01 /
This creates a further headache for Chancellor Healey, as alongside protecting the mind-boggling extent of welfare/benefits payments, the cost of higher yields to the Government is crippling. Indeed, if debt interest (c.£110bn) was a Government department it now would be larger than defence (c.£62bn) and the second largest in Whitehall after health (c.£345bn).
10 /2
02 0 01 /
UK 30 Year Gilt Yield
10 /2
01 8 01 /
10 /2
01 6 01 /
10 /2
01 4 01 /
10 /2
01 2 01 /
10 /2
01 0 01 /
10 /2
00 8
10 /2
01 /
10 /2
00 6 01 /
10 /2
00 4 01 /
10 /2
00 2 01 /
10 /2
00 0 01 /
10 /2
99 8 01 /
10 /1
01 /
0
It should be noted that rising bond yields are a global phenomenon, though UK yields have risen higher and faster than the majority of our developed world peers. For perspective, in the US, 20c of every $1 of tax revenue is spent on debt interest (recently surpassing the previous record set in 1991) as large deficits and rising yields compound the problem for many central banks and Governments. Of course, the conflict in the Middle East is also having an impact on domestic inflation and therefore interest rate/Gilt yield expectations. Indeed, UK CPI inflation rose from 2.9% in July to 3.1% in August, with the sole explanation for the increase being rising energy prices (other factors such as food prices held steady at 1.6% though the extortionate cost of my weekly grocery shop would suggest this is a little on the low side!).
In terms of portfolio positioning, within our fixed income exposure we sit comfortably at the short/ medium dated end of the curve which is much less sensitive to rising interest rate/yield expectations. We have gradually, and tentatively, extended our maturity profile as yields have risen and, where appropriate, built out a gilt ladder with redemptions from 2026 to 2033. With short/medium dated indexlinked gilts (for which the returns are essentially linked to UK RPI inflation) offering increasingly attractive real returns, we have also sought to build up index-linked exposure where appropriate.
The Bank of England suggests that the latest spike in energy prices is unlikely to trigger a new wage spiral (à la 2022 where there were complications post Covid pandemic in the labour market) but the most recent meeting minutes signal that unless there is a resolution to the conflict in Iran they will increase rates by 0.25% at the November meeting. More pain for mortgage holders.
We brace ourselves for potential further increases in capital gains tax, pensions tax (including limits on tax-free withdrawals possibly being reduced further) and no doubt a range of other tax hikes.
Barratt & Cooke Newsletter October 2026
3
Second Innings – Equity Markets As highlighted in the introduction, equity markets are within touching distance of all-time highs. However, as outlined extensively in recent communications, the majority of the ‘heavy lifting’ is being done by those stocks exposed to the artificial intelligence (AI) and data centre trade. Indeed, for the nine months year to date the US Technology Hardware and Semiconductor sectors have risen by approximately 40% and 80%, making a significant contribution to the overall market returns. The AI build-out is rapidly becoming the biggest bet in US history, dwarfing the investments made to fund other huge infrastructure projects such as railroads, the highway system and the plumbing for the internet. Total investment in data centres and related AI infrastructure, according to the Brooking Institute, is projected to exceed US$10trn during the period 2025 to 2032. These numbers are extraordinary and broadly double the size of the German economy. Alternatively, this is a staggering 3.6% of average gross domestic product annually. The ramifications of this are huge, not only for the hyperscalers funding this and the ‘picks and shovels’ supplying the hardware, but also for the wider US, and global, economy. This spending is effectively acting as a huge fiscal bazooka, stimulating economic growth via the trickle-down effect. There are no signs that this data centre build out will slow anytime soon, though similarly ‘no one rings a bell at the top’. We remain comfortable with the extent and diversity of our exposure, which can broadly be split into two buckets: • Hyperscalers: Alphabet (Google), Amazon and Microsoft • Picks & shovels: ASML, Broadcom, Halma, Schneider Electric, Siemens Energy, Vertiv
Though committing to huge capital expenditure to build out new data centre capacity, the hyperscalers are increasingly demonstrating returns on this capital with AI adoption materially accelerating growth in their cloud offerings (AWS – Amazon, Azure – Microsoft and Google Cloud – Alphabet). Meanwhile, they retain formidable and highly cash generative wider business interests, whether Office365 at Microsoft, Google Search and YouTube at Alphabet or the increasingly profitable e-commerce business at Amazon. The picks and shovels stocks are the beneficiaries of this huge capital expenditure; either directly from the hyperscalers (including a wider cohort such as Meta and Oracle) or further down the ‘food chain’. For example, Siemens Energy is a leading provider of power generation equipment and grid infrastructure, essentially helping to support the huge power requirements of the AI technology build-out. Though invested across the AI space, our exposure remains significantly lower than the index, not least since the index is incredibly concentrated in this area and we seek to construct balanced, diversified portfolios rather than making a sectoral bet. This has been a bit of a headwind on a relative basis, but we feel totally appropriate on an absolute basis. We remain diligent to the fact that a raft of market participants (i.e. any who joined the industry in the last 17 years) have not experienced a recession, aside from the very brief Covid-manufactured one. This has been a remarkable and unrepresentative period for equity markets, with rapid policy support and readily available capital propping up the proverbial house of cards and creating an ‘everything now mentality’. Much like children no longer waiting for their birthday or Christmas for a new cricket bat, the market increasingly brings forward returns that would ordinarily be received in the future. But be careful what you wish for – the stocking may be empty on Christmas morning!
4
Barratt & Cooke Newsletter October 2026
Some interesting research out of T Rowe Price considers how the top 10 stocks have historically performed relative to the balancing 490 stocks within the S&P500 following periods of extreme market concentration. From 1965 (concentration 35%) to 1981 (when concentration fell to the long run 23% average) the top 10 stocks (+107%) underperformed the remaining 490 stocks (+190%). Similarly from the concentration peak in 2000 through to the long-term average in 2004 the top 10 stocks (-38%) underperformed the remaining 490 stocks (-8%). Such data is reflected in additional historic data sets to support the notion that market leadership evolves and concentration does not persist indefinitely. It may well be different this time, which is in part why we retain diversified exposure to the leading US equities by market capitalisation, but such statistics do support our balanced, diversified portfolio construction approach for investors taking a sensible time horizon.
Additionally, we remain conscious that patience is often rewarded in the stock market; mobile phones changed the world in the 1990’s yet the wise investor waited until the release of the iPhone in 2007 to buy Apple shares. A similar analogy can be used with e-commerce in the 2000’s and buying Amazon a decade later. So we have exposure, but we also have diversification and balance. Moreover, the euphoria around data centre investment has, to an extent, sucked the oxygen out of the wider market and we are therefore finding increasingly attractive investment opportunities in other sectors. Indeed, there is a stark contrast between equity performance and the underlying operating fundamentals of many companies. As an example, we hold payment-processing companies Visa and Mastercard across most bespoke client portfolios. In US-dollar terms, their trailing one-year total shareholder returns have been +9.7% and +1.1%, respectively. These relatively modest returns contrast with earnings growth of more than 15%, as both companies have continued to benefit from resilient consumer spending, rising crossborder travel volumes and strong cash generation. This cash flow also supports continued share repurchases, further enhancing earnings per share.
Though invested across the AI space, our exposure remains significantly lower than the index, not least since the index is incredibly concentrated in this area and we seek to construct balanced, diversified portfolios rather than making a sectoral bet.
Barratt & Cooke Newsletter October 2026
5
This disconnect between operational performance and share-price returns has been a recurring theme throughout the year. The S&P 500 delivered its strongest earnings growth in five years during the second quarter of 2026, while more than threequarters of index constituents exceeded profit expectations. Importantly, earnings growth was broad-based across sectors. With profits frequently growing faster than share prices, valuation multiples have actually compressed in many cases, leaving a number of high-quality companies trading on a lower multiple despite stronger underlying fundamentals.
The pace of technological change is rapid, and increasing, and we therefore continue to assess the impact AI is having on the businesses held across client portfolios. We have also iterated our investment process, placing increased discipline on valuations and widening our investable universe in order to take advantage of valuation dislocation. Though this may increase short-term portfolio activity, we feel it will better position portfolios for the longer term without compromising the principles and approach that our firm has relied on for almost 150 years.
Alongside investee companies, we research and monitor a wider cohort of stocks that meet our investment criteria (predictable, cash generative, strong competitive positions, operating in structurally growing markets) but do not necessarily meet our valuation criteria.
The list of issues that equity markets are attempting to digest continues to grow; conflict in the Middle East, Russia/Ukraine, trade disagreements, rising debt and equity issuance, elevated energy prices, rising interest rates and weakening consumer confidence. Yet despite these challenges the macroeconomic data has held up remarkably well and equity markets continue to prosper. As outlined above, we remain encouraged by the financial progress of the majority of our portfolio investments and are excited by the outlook for our sensibly balanced, diversified investment portfolios.
The current market backdrop is presenting us with an abnormally high number of such stocks being available at valuations which we believe to be compelling. As an example, we have followed Alcon, the world’s leading ophthalmology company with a dominant position in surgical vision, since it was spun out of Novartis in 2019. Alcon has a huge installed capital base which supports recurring demand for single use consumable products, whilst the backdrop of an aging global population and improved access to healthcare in the developing world provides a structural tailwind. We believe the company is now well positioned to accelerate growth whilst simultaneously expanding margins, yet the share price has derated to its lowest level since listing. This is just one example but there are a number of equities ‘flashing up’ on our valuation monitor currently. They say trees do not grow to the sky, and maybe we are, at last, entering a period when the largest lag and market returns broaden out. We shall see.
6
Barratt & Cooke Newsletter October 2026
The list of issues that equity markets are attempting to digest continues to grow; conflict in the Middle East, Russia/Ukraine, trade disagreements, rising debt and equity issuance, elevated energy prices, rising interest rates and weakening consumer confidence.
The pace of technological change is rapid, and increasing, and we therefore continue to assess the impact AI is having on the businesses held across client portfolios.
Perhaps there is something to be said for patience and taking a long-term approach, rather than the ‘everything now mentality’ which dominates our lives and the stockmarket currently.
The Super Over Finally, those readers who know me well will appreciate my affiliation with Barbados and lifelong love of cricket. Having, I believe, comprehensively covered the political and economic backdrop I hope you will therefore afford me the opportunity to finish with a dedication to one of my heroes; Sir Garfield St Aubrun Sobers (who I was due to play a round of golf with in 2022 but unfortunately his arthritis got the better of him) who passed away on 17 July 2026. Sir Garry represented the West Indies in 93 Tests and aged 21 became the youngest player to score a Test triple century. He excelled as a batsman, could bowl left-arm pace, orthodox spin or wrist-spin and was an athletic, energetic fielder. He was, to my mind, the greatest all-round cricketer the world has ever seen. He was also a warm, engaging and humble man.
Though Sir Garry did not have to wait long to play Test cricket (he made his debut aged just 17 years old) it took him 17 Tests and 29 innings to score his maiden Test century. When it finally arrived against Pakistan in 1958 he converted it into a then worldrecord score of 365 not out. Perhaps there is something to be said for patience and taking a long-term approach, rather than the ‘everything now mentality’ which dominates our lives and the stockmarket currently. Will Mellor Investment Director October 2026
In an extraordinary twist of fate, on what would have been Sir Garry’s 90th birthday, the West Indies beat Pakistan in a Test, by 90 runs, on the fourth day so that they could attend Sir Garry’s state funeral the very next day. I was genuinely touched by the eulogy delivered by The Honourable Mia Mottley, the Prime Minister of Barbados:
“Greatness could wear humility. Excellence can still belong to ordinary people. The dreams of a little boy from the bay land can become the inheritance of an entire nation.” How true.
Barratt & Cooke Newsletter October 2026
9
October 2026 Equity Suggestions FTSE 100 companies
Price 30/09/26
Yield
52 week High Low
INDUSTRIALS
Halma
3502p
0.7%
4902p
3298p
MINING
Rio Tinto Weir
7099p 2702p
4.9% 1.5%
8325p 3580p
4187p 2254p
OIL & GAS
Shell
3570p
3.2%
3682p
2554p
PERSONAL CARE & HOUSEHOLD PRODUCTS
Unilever
4604p
3.6%
5526p
4068p
PHARMACEUTICALS & BIOTECH
AstraZeneca
12280p
2.0%
15732p
11404p
REAL ESTATE
LondonMetric Property
179p
6.9%
216p
175p
SPECIALTY & OTHER FINANCES
London Stock Exchange Group
8160p
1.9%
10140p
6684p
SUPPORT SERVICES
Diploma Experian
7725p 2465p
0.8% 2.1%
7910p 3707p
4970p 2353p
TRAVEL & LEISURE
InterContinental Hotels
12161p
1.2%
13305p
8762p
UTILITIES
National Grid
1146p
4.2%
1429p
1050p
Overseas companies# AUTOMOBILES
AutoZone
213032p
-
321833p
208450p
CONSTRUCTION & ENGINEERING
VINCI
9144p
4.7%
12558p
9046p
FOOD & DRUG RETAILERS
Kroger
4413p
2.7%
5737p
4038p
HEALTH
Alcon Intuitive Surgical
4867p 30609p
0.5% -
6567p 44800p
4509p 24674p
INDUSTRIALS
ASSA ABLOY Siemens Energy Xylem
2683p 12193p 7623p
1.8% 0.5% 1.7%
3243p 16617p 11733p
2509p 8207p 7580p
PERSONAL CARE & HOUSEHOLD PRODUCTS
Colgate-Palmolive L'Oreal
6423p 32444p
2.5% 1.9%
7390p 35350p
5625p 29328p
PHARMACEUTICALS & BIOTECH
AbbVie
19691p
2.7%
20350p
14128p
SOFTWARE & TECHNOLOGY
Alphabet Amazon Microsoft Uber Technologies
25901p 18755p 38609p 5157p
0.3% 0.8% -
30506p 21373p 41704p 7633p
17668p 14468p 26444p 4917p
SPECIALTY & OTHER FINANCE
SUPPORT SERVICES TECHNOLOGY HARDWARE & EQUIPMENT UTILITIES
10
Mastercard
41512p
0.6%
44191p
34572p
MSCI
40548p
1.5%
47976p
36697p
Visa
27049p
0.8%
28375p
22040p
Bureau Veritas
2297p
3.4%
2598p
2134p
Veolia Environnement
2634p
4.8%
3223p
2407p
ASML
136529p
0.5%
149971p
70364p
Broadcom
26436p
0.7%
36840p
21611p
Vertiv
18165p
0.1%
28176p
10696p
WEC Energy
7586p
3.8%
9008p
7561p
Barratt & Cooke Newsletter October 2026
# Dividends on overseas holdings will be subject to withholding tax at the local rate
Collective investments
Price 30/09/26
Yield
52 Week High Low
Discount/ (Premium)
UK
Mercantile I/T
281p
3.0%
291p
234p
10.1%
GLOBAL
BlackRock Global Unconstrained Brunner I/T Future of Defence ETF iShares MSCI World Energy Sector ETF JPMorgan Global Growth & Income I/T Scottish American I/T Scottish Mortgage I/T Schroder Global Recovery Fund
144p 1562p 1578p 746p 612p 550p 1591p 132p
1.7% 2.5% 4.0% 3.0% 0.3% 2.2%
147p 1612p 1718p 778p 641p 572p 1600p 137p
114p 1336p 1320p 516p 530p 480p 1016p 110p
9.5% 2.3% 6.8% 7.9% -
EMERGING MARKETS
Schroder Asian Total Return I/T Templeton Emerging Markets I/T
722p 330p
1.6% 1.6%
746p 352p
529p 217p
3.8% 7.3%
WS OPIE STREET FUNDS
WS Opie Street Balanced Fund Acc. Shares WS Opie Street Balanced Fund Inc. Shares WS Opie Street Growth Fund Acc. Shares WS Opie Street Growth Fund Inc. Shares WS Opie Street Income Fund Acc. Shares WS Opie Street Income Fund Inc. Shares
529p 437p 603p 569p 478p 399p
2.4% 0.9% 3.3%
538p 445p 609p 576p 489p 408p
478p 400p 533p 506p 437p 372p
-
395p 139p
3.4% 6.3%
400p 146p
325p 116p
2.6% 9.5%
91p 88p 8853p 95p
8.1% 5.5% 1.8% 4.7%
94p 94p 9071p 103p
90p 88p 8758p 95p
-
Premier Miton Corp Bond Monthly Income Fund
71p
4.9%
75p
71p
-
Royal London Inv Grade Short Dated Credit Fund
93p
6.0%
96p
93p
-
Alternative investments INFRASTRUCTURE
3i Infrastructure I/T International Public Partnerships I/T
Fixed interest investments CORPORATE BOND
GOV. STOCK
Aegon High Yield Bond Fund Aegon Inv Grade Bond Fund London Stock Exchange 1.625% April 2030 M&G Global Corporate Bond Fund
0.875% Treasury 2029 4.125% Treasury 2029 0.375% Treasury 2030 0.25% Treasury 2031 4% Treasury 2031 4.25% Treasury 2032 3.25% Treasury 2033
Price 30/09/26
Gross Interest Yield
Gross Redemption Yield*
Payment Dates
Redemption Date
£88.88 £98.03 £83.72 £80.33 £95.55 £96.27 £89.97
1.0% 4.2% 0.4% 0.3% 4.2% 4.4% 3.6%
4.8% 4.9% 4.9% 4.9% 5.0% 5.0% 5.1%
Apr/Oct Jan/Jul Apr/Oct Jan/Jul Apr/Oct Jun/Dec Jan/Jul
22 Oct 2029 22 Jul 2029 22 Oct 2030 31 Jul 2031 22 Oct 2031 7 Jun 2032 31 Jan 2033
Mar/Sep Jan/Jul Feb/Aug May/Nov May/Nov
22 Mar 2029 22 Jul 2030 10 Aug 2031 22 Nov 2032 22 Nov 2033
Inflation Rate* 3% 5% INDEX LINK. GOV. STOCK
0.125% Treasury IL 2029 4.125% Treasury IL 2030 0.125% Treasury IL 2031 1.25% Treasury IL 2032 0.75% Treasury IL 2033
£173.39** £340.93** £136.12** £191.26** £106.06**
0.1% 3.7% 0.1% 1.3% 0.7%
4.0% 4.1% 4.2% 4.5% 4.7%
5.9% 5.8% 6.1% 6.4% 6.6%
* Equivalent Gross Redemption Yield for Index Linked Gilts assuming RPI inflation averages 3% or 5% to redemption. ** Price adjusted for inflation (please note the published price may be different as it does not include accrued inflation)
Source: Iress and FTSE International Limited
Barratt & Cooke Newsletter October 2026
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FTSE 100 – previous quarter 11000 10900 10800 10700 10600 10500 10400 10300 10200 30/06/2026
31/07/2026
31/08/2026
30/09/2026
FTSE 100 – 1 year 11500 11000 10500 10000 9500 9000 8500 8000 30/06/2025
31/12/2025
31/03/2026
30/06/2026
30/09/2026
FTSE 100 – 5 year 12000 11000 10000 9000 8000 7000 6000 30/09/2021 12
30/09/2022
Barratt & Cooke Newsletter October 2026
30/09/2023
30/09/2024
30/09/2025
30/09/2026 Source: Iress
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