FTSE 100 rises 0.5 percent as Shell leads at midday

Published on 10/29/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FTSE 100 traded at 10,752 points as Shell earnings lifted energy stocks. The ECB decision is due at 1:15 p.m. London time.

Energy earnings set direction

FTSE 100 stood at 10,752 points at 11:06 a.m. London time on October 29, up 57 points or 0.5 percent.
Shell lifted energy stocks after quarterly earnings reached USD10.81 billion and buybacks rose to USD5 billion.
Haleon was the weakest large constituent, falling 16.0 percent after cutting its 2026 revenue-growth outlook to 2.5 percent.
The ECB is due at 1:15 p.m. London time on October 29, with its 2.50 percent deposit rate expected to be unchanged.

FTSE 100, GB0001383545, Illustration mit AI erstellt.

The FTSE 100 rose 57 points, or 0.5 percent, to 10,752 points at 11:06 a.m. London time on October 29. Shell's results lifted energy stocks as markets awaited the European Central Bank's policy decision.

Shell was among the strongest large constituents after adjusted third-quarter earnings reached USD10.81 billion and the company raised its quarterly buyback program to USD5 billion, Yahoo Finance reported.

Why is the FTSE 100 higher at midday?

Energy stocks gained 2.8 percent as Shell reported its highest quarterly profit since 2022. The company cited stronger refining margins and liquefied natural gas prices, LSE.co.uk reported.

The index also reflected Wednesday's UK Budget and the Federal Reserve's decision to hold its policy rate between 3.75 percent and 4.00 percent, Investing.com said.

Winners and losers in the FTSE 100

Winners and losers at 8:35 a.m. GMT according to Hargreaves Lansdown:

Shell up 2.8 percent: quarterly earnings and a larger buyback supported the shares.
3i Group up 2.6 percent.
Haleon down 11.1 percent: the consumer healthcare group cut its organic revenue-growth outlook.
St James's Place down 3.7 percent.

Weakness in healthcare and banking limited the broader advance. Lloyds Banking Group fell 3.4 percent despite reporting third-quarter pretax profit of GBP2.3 billion, according to Morningstar.

FTSE 100 course and market cues

The index opened at 10,694 points before moving higher. The session had reached 10,752 points by 11:06 a.m. London time, compared with the previous close of 10,695 points.

What comes next for the FTSE 100

October 29, 2026, 1:15 p.m. London time: European Central Bank rate decision; the 2.50 percent deposit rate is expected to remain unchanged, Admiral Markets says.
October 29, 2026, 1:30 p.m. London time: US third-quarter gross domestic product and September personal consumption expenditures data are due, with GDP forecast at 3.0 percent and core PCE at 3.1 percent, Admiral Markets reports.

FTSE 100 price data for October 29, 2026

The FTSE 100 stood at 10,752 points at 11:06 a.m. London time on October 29, according to Yahoo Finance. It was up 57 points, or 0.5 percent, from the previous close of 10,695 points. The index opened at 10,694 points.

FTSE 100 by the numbers on October 29, 2026

Index: FTSE 100
Home exchange: London Stock Exchange, United Kingdom
Level at 11:06 a.m. London time on October 29, 2026: 10,752 points
Change versus previous close of October 28, 2026: up 57 points (up 0.5 percent)
Previous close: 10,695 points
Open: 10,694 points
Top gainer: Shell up 2.8 percent
Top loser: Haleon down 11.1 percent
Next scheduled event: October 29, 2026, 1:15 p.m. London time: European Central Bank rate decision