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(Sharecast News) - London's FTSE 100 was up 0.4% at 7,082.74 in afternoon trade on Thursday.
Oil giant Shell surged to the top of the index as it announced a $4bn share buyback and posted better-than-expected third-quarter profits. Adjusted earnings rose to $9.5bn from $4.1bn in the third quarter a year earlier, but down from the record $11.5bn posted in the second quarter of the year. Analysts had been expecting net earnings of $9bn.
BP and Harbour Energy also rallied.
Airtel Africa tumbled after its half-year pre-tax profit missed analysts' expectations.
Anglo American was also in the red after the miner reported a slight fall in third-quarter output, as it ramped up its steelmaking coal longwall operations and posted a strong performance at its De Beers diamond unit.
Miners more generally were under the cosh, with Rio and Glencore both down.
FTSE 100 - Risers
Shell (SHEL) 2,425.50p 5.48%
BP (BP.) 480.95p 3.21%
Land Securities Group (LAND) 581.20p 2.29%
Harbour Energy (HBR) 391.20p 2.25%
Rolls-Royce Holdings (RR.) 76.13p 2.23%
Standard Chartered (STAN) 537.40p 2.17%
Entain (ENT) 1,270.00p 2.01%
Melrose Industries (MRO) 115.25p 1.86%
Whitbread (WTB) 2,620.00p 1.79%
British Land Company (BLND) 370.80p 1.73%
FTSE 100 - Fallers
Airtel Africa (AAF) 113.20p -10.87%
Rio Tinto (RIO) 4,675.50p -3.46%
Reckitt Benckiser Group (RKT) 5,534.00p -3.29%
Ocado Group (OCDO) 485.30p -3.21%
Anglo American (AAL) 2,691.50p -2.92%
Rightmove (RMV) 494.00p -2.91%
Coca-Cola HBC AG (CDI) (CCH) 1,851.00p -2.78%
Glencore (GLEN) 503.60p -2.38%
Sage Group (SGE) 729.80p -1.70%
Intertek Group (ITRK) 3,798.00p -1.68%