London FTSE 100 Rises on Shell Profit
London shares edged higher as strong profit growth at energy giant Shell boosted the broader market. The gains came despite a sharp drop in Haleon shares following a lowered revenue forecast and disappointing bank results.
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London’s FTSE 100 rose 0.26% to 10,722.07 points on Thursday as strong profit growth at SHELL PLC lifted energy stocks. The blue-chip index outperformed the midcap FTSE 250, which climbed 0.14% during the session. The gains came despite ongoing caution over global monetary policy following recent rate decisions in the United States and the United Kingdom's domestic tax adjustments.
