Market Overview - The FTSE 100 opened 37 points higher at 9,931, although gains were limited by declines in the mining sector [2] - A mix of sectors saw gains, with private equity investor 3i Group, medical devices maker ConvaTec, and data provider RELX all rising over 2% [3] Company Updates - Fevertree Drinks reported a 2% increase in full-year revenue to £375 million, but profits were impacted by initial costs from a US distribution partnership and a new environmental levy [4] - PZ Cussons anticipates full-year profit at the upper end of its guidance range due to strong trading in the third quarter [4] - Kingfisher announced a £300 million share buyback program after a 6% increase in annual profits, with adjusted profits of £560 million for the year ending January 31, 2026, exceeding guidance [6][7] - Kingfisher's guidance for the upcoming year includes adjusted profits of £565-625 million and free cash flow of £450-510 million [7] Market Sentiment - Investor sentiment remains cautious due to geopolitical tensions, with analysts noting that investors are more concerned about missing potential post-war rallies than making incorrect entries [8] - Central banks are closely monitoring the situation, with warnings about the risk of stagflation if energy prices remain high and volatile [8]