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The FTSE 100 traded 0.5% higher on Thursday, supported by strength in energy stocks and several major blue-chip companies. Shell gained more than 3%, reaching a record high 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 1.2%, while AstraZeneca and Unilever each rose more than 1%, and British American Tobacco gained 0.8%. However, banking and consumer healthcare stocks weighed on sentiment. Lloyds Banking Group fell nearly 3% 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. Haleon plunged more than 11% after cutting its full-year revenue outlook, despite announcing plans for up to £500 million in share repurchases.

FTSE 100 Rises Led by Shell

The FTSE 100 Index is picking up 59 points or 0.55 percent on Thursday. Gains are led by Shell (3.16%), BAE Systems (2.57%) and 3i (2.17%). Biggest losers are Haleon (-12.09%), St. Jamess (-3.26%) and Lloyds Banking (-2.84%).

The FTSE 100 Index Opens 0.55% Higher

The DAX Index is up by 137 points or 0.53 percent on Thursday. Top gainers are Adidas (2.77%), Symrise (2.74%) and Deutsche Telekom (2.70%). Biggest losses came from Vonovia (-5.10%), MTU Aero Engines AG (-2.97%) and SAP (-0.88%).

The DAX Index Opens 0.53% Higher

European stocks were mixed on Thursday, with the EURO STOXX 50 falling 0.1% and the STOXX Europe 600 adding 0.2%. Investors focused on corporate earnings while awaiting the ECB’s monetary policy decision. The central bank is widely expected to leave interest rates unchanged. Spanish stocks underperformed their peers, weighed down primarily by BBVA, which plunged nearly 5% after reporting lower profits in its domestic market. Banco Santander also fell 1.3%. Lloyds dropped 3% as its results failed to impress investors. On the upside, Shell gained 3.3% after nearly doubling its earnings and profits. Adidas rose 3.7% after reporting record profits and raising its full-year outlook. Renault advanced 2.3% after maintaining its full-year outlook despite a 6% decline in Q3 car sales.

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