Rolls-Royce Gains as BAE's Strong Results Boost Defense Sector
Markets Daniel Marsh

Rolls-Royce Gains as BAE's Strong Results Boost Defense Sector

Rolls-Royce stock advanced in early London trading, lifted by positive sentiment across European defense shares following BAE Systems' robust earnings. Focus now shifts to Rolls-Royce's upcoming financial report.

BAESY RYCEY
Shell Shares Hold Steady Amid Buyback Activity; Oil Prices Under Pressure
Commodities Rebecca Torres

Shell Shares Hold Steady Amid Buyback Activity; Oil Prices Under Pressure

Shell's stock remained unchanged in early London trading as the energy giant executed share repurchases, while oil prices lingered near recent lows with traders monitoring geopolitical developments and inventory data.

SHEL BP XLE USO
Unilever Stock Slides as Analysts See Limited Near-Term Gains
Markets Daniel Marsh

Unilever Stock Slides as Analysts See Limited Near-Term Gains

Unilever shares declined in London trading following analyst downgrades to hold, with brokers flagging constrained short-term upside after a recent rally. The company also announced a major technology partnership.

UL
LSEG Shares Dip as Investors Await Results After Bank of America Data Deal
Markets Daniel Marsh

LSEG Shares Dip as Investors Await Results After Bank of America Data Deal

LSEG shares declined 0.8% in early London trading following a strategic data partnership announcement with Bank of America, with investor focus shifting to upcoming financial results.

LSE
BAE Systems Stock Surges on Strong Earnings, Record Order Book
Earnings James Calloway

BAE Systems Stock Surges on Strong Earnings, Record Order Book

BAE Systems shares surged more than 6% in early London trading following robust annual results, including a 12% rise in underlying operating profit and a record order backlog of £83.6 billion.

BAESY
Evolution Mining Extends Losses as Gold Volatility Tests Miners
Commodities Rebecca Torres

Evolution Mining Extends Losses as Gold Volatility Tests Miners

Evolution Mining shares declined 2.2% to A$14.59, marking a fifth straight day of losses. Gold rebounded 1.1% to $4,931.61 an ounce after recent declines, with traders focused on U.S. Federal Reserve policy signals.

GLD
Santos Announces Workforce Reduction, Maintains Outlook Amid Profit Shortfall
Earnings James Calloway

Santos Announces Workforce Reduction, Maintains Outlook Amid Profit Shortfall

Santos shares fell following a full-year profit miss, with the company announcing a 10% reduction in its workforce and a portfolio review. The energy producer maintained its 2026 guidance and declared a final dividend.

USO XLE
Fortescue Gains as Wyloo Mine Enters Public Review, Results Loom
Regulation James Calloway

Fortescue Gains as Wyloo Mine Enters Public Review, Results Loom

Fortescue shares advanced slightly as regulators began a public feedback period for its proposed Wyloo North iron ore mine. Investors are focused on the upcoming comment deadline and the company's half-year financial report.

BHP
Pro Medicus Shares Slide Amid Insider Purchases, Brokers Cut Targets
Earnings James Calloway

Pro Medicus Shares Slide Amid Insider Purchases, Brokers Cut Targets

Pro Medicus shares declined further despite insider buying, with the stock down 43% year-to-date. The medical imaging software firm posted strong half-year results but faces near-term headwinds.

Wesfarmers Gains Ahead of Key Half-Year Report
Earnings James Calloway

Wesfarmers Gains Ahead of Key Half-Year Report

Wesfarmers Ltd edged higher ahead of its half-year financial report, with the market focused on retail performance and forward outlook. The broader ASX 200 index also advanced.

EWA
Northern Star Retreats as Gold Holds Near $5,000 Amid Fed Watch
Commodities Rebecca Torres

Northern Star Retreats as Gold Holds Near $5,000 Amid Fed Watch

Northern Star Resources closed lower, tracking gold's consolidation near the $5,000 mark. Market focus remains on upcoming U.S. economic data and its impact on bullion.

GLD
BlueScope Steel Reviews Sweetened $32.35 Per Share Takeover Bid
Markets Daniel Marsh

BlueScope Steel Reviews Sweetened $32.35 Per Share Takeover Bid

BlueScope Steel shares advanced 2.6% as the company confirmed it is evaluating a revised non-binding takeover proposal from SGH and Steel Dynamics. The board cautioned there is no certainty a deal will be reached.