Business & Finance · October 29, 2026
FTSE 100 Live: UK Stock Futures Edge Higher to Dodge AI Selloff
Shell reported adjusted earnings of $10.81 billion for the third quarter of 2026, nearly double its year-over-year profit. This performance, driven by soaring refining margins and high commodity prices, beat analyst expectations and represents the company's highest profit since 2022. Amid these results, Shell announced a $5 billion share buyback program. Concurrently, UK stock futures showed resilience, edging higher to avoid a broader selloff in technology and AI-related stocks.
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FTSE 100 Live: UK Stock Futures Edge Higher to Dodge AI Selloff
Read at Bloomberg ↗Here’s the latest.
Read at The New York Times ↗- CNBCMainstream
Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Read at CNBC ↗ Stock Market Today: Nasdaq Futures Slump After Google Earnings Disappoint
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Reported by only some outlets
- Shell's adjusted earnings reached $10.81 billion, exceeding the expected $9.92 billion (CNBC).
- Shell reported record indicative refining margins of $42 a barrel (CNBC).
- A $5 billion share buyback program was announced for the next three months (CNBC).
- UK stock futures edged higher to avoid an AI-driven market selloff (Bloomberg).
- Shell's profit increase was influenced by Middle East conflict and strikes on Russian refineries (CNBC).
Industry-friendly coverage frames it as…
emphasize record-breaking refining margins, strong operational performance, and the significant return of capital to shareholders through buybacks.
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