FTSE 100 hits new record highs despite Iran war

EarningsGeopolitics Impact 4
โดย Yahoo Finance UK·Read original
Summary · why it matters

London's FTSE 100 Index reached new record intraday highs, touching 10,979.24 on Thursday and poised to close above the previous closing peak of 10,910.55 set on February 27. The index has recovered from initial losses triggered by the US and Israeli strikes on Iran on February 28, buoyed by strong results from energy and defence heavyweights. Rolls-Royce shares rose 6% after an earnings guidance upgrade, while BAE Systems gained 2% on a higher full-year outlook, and Shell posted better-than-expected second quarter results. Research director Kathleen Brooks of XTB noted the FTSE 100 is up 4.5% over the past month, with its mix of energy, defence, and consumer staples proving attractive amid a rotation away from global tech names. In contrast, Rentokil Initial saw its shares plunge 21% after warning of weaker North American residential demand.

Impact on stocks 4

Defense & Geopolitical Fragmentation▲ · 2 stocks
BAE Systems plc
BA
▲ PositiveDemandrelevance

BAE Systems gained 2% on a higher full-year outlook, driven by strong defence demand amid geopolitical tensions.

Industrials▼ · 1 stocks
Rentokil Initial PLC
RTO
▼ NegativeDemandrelevance

Rentokil Initial shares plunged 21% after warning of weaker North American residential demand.

Energy Transition & Power Demand▲ · 1 stocks
Shell plc
SHEL
▲ PositiveCapitalrelevance

Shell posted better-than-expected second quarter results.

Theme Impact 3

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