FTSE 100 Edges Up for 2nd Day
The FTSE 100 edged up on Thursday, extending gains for the second session. Shell gained 1.7% after announcing a $5 billion share buyback for the fourth quarter, up from $3 billion previously. The company reported strong refining profitability and higher earnings amid disruptions linked to the Iran war and the Russia-Ukraine conflict. BP also advanced 0.7%. Pharma giant AstraZeneca added over 2% ahead of tomorrow's results. Meanwhile, aerospace company BAE Systems climbed by around 3%, and engine-maker Rolls-Royce 1.7%. On the other hand, Haleon tumbled 15% after cutting its full-year revenue outlook, despite announcing plans for up to £500 million in share repurchases. Lloyds Banking Group fell more than 5% despite beating third-quarter profit estimates, as investors were disappointed by unchanged guidance. Net interest income reached £3.8 billion, up 10% year over year.
The FTSE 100 edged up on Thursday, extending gains for the second session. Shell gained 1.7% after announcing a $5 billion share buyback for the fourth quarter, up from $3 billion previously. The company reported strong refining profitability and higher earnings amid disruptions linked to the Iran war and the Russia-Ukraine conflict. BP also advanced 0.7%.
Pharma giant AstraZeneca added over 2% ahead of tomorrow's results. Meanwhile, aerospace company BAE Systems climbed by around 3%, and engine-maker Rolls-Royce 1.7%. On the other hand, Haleon tumbled 15% after cutting its full-year revenue outlook, despite announcing plans for up to £500 million in share repurchases. Lloyds Banking Group fell more than 5% despite beating third-quarter profit estimates, as investors were disappointed by unchanged guidance.
Net interest income reached £3.8 billion, up 10% year over year.