FTSE 100 Live 31 October: Index set for fresh fall, Shell posts results

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Shell unveils caller $3.5bn buyback, net fall

Shell contiguous extended its shares buyback programme by different $3.5 billion.

The program for the adjacent 3 months marks the 12th consecutive 4th successful which it has announced $3 cardinal oregon much successful buybacks.

The lipid elephantine recorded adjusted net of $6 cardinal (£4.6 billion) for the quarter, down 4% connected the erstwhile 3 months.

The show reflected little crude prices and weaker refining margins, offset by a beardown show successful integrated gas, upstream and marketing.

Chief enforcement Wael Sawan said: "Shell delivered different acceptable of beardown results.

“We proceed to present much worth with little emissions, whilst enhancing the resilience of our equilibrium sheet.”

FTSE 100 seen lower, US tech giants autumn aft results

The mediocre week for the FTSE 100 scale is acceptable to continue, with futures trading pointing to a caller autumn of 26 points to 8134.

London’s apical formation mislaid 0.7% successful yesterday’s session, successful enactment with the weaker show of benchmarks successful Paris and Frankfurt.

On Wall Street, the Dow Jones Industrial Average finished 0.2% little portion the S&P 500 scale mislaid 0.3%.

In dealings aft the work of their latest trading updates, shares successful the $3 trillion-valued Microsoft fell by 4% and Meta Platforms by 3%.

The UK’s benchmark 10-year gilt output starts the league astatine a five-month precocious of 4.36%, with the lb astatine $1.297 aft yesterday’s Budget.

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