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2025-07-31 17:55:25
[UK Stock Market Rebounds: Rolls-Royce Led the Way: Can the Earnings Rush Withstand the Impact of Tariffs?] ⑴ London's main stock indices rose on Thursday, with the FTSE 100 up 0.2% and the FTSE 250 up 0.9%. ⑵ Rolls-Royce shares surged to a record high, up 9.2%, after the company raised its full-year operating profit and free cash flow forecasts, driving the aerospace and defense index up 5.7%. ⑶ Shell's second-quarter net profit exceeded expectations, sending its share price up 1.9%. ⑷ Canada's Brookfield will acquire the UK's Just Group for $3.2 billion, sending the latter's share price soaring 67.8%, topping the FTSE 250. ⑸ Investors are assessing a series of new tariff announcements from Trump ahead of the August 1 tariff deadline, including new tariffs on copper, Brazilian, South Korean, and Indian goods, and the removal of exemptions for small overseas shipments. ⑹ Industrial mining stocks led the decline, down 4.3%, driven by falling copper prices. Shares of companies such as Glencore, Anglo American, Antofagasta, and Rio Tinto all fell. ⑺ Elsewhere, Rentokil's share price rose 9.6%, and St James's Place's rose 7% after its net inflows doubled in the first half of the year and it initiated a share buyback. ⑻ Conversely, Mondi's share price fell 5.8% after its pre-tax profit fell nearly 17% in the first half of the year. ⑼ London Stock Exchange Group's share price fell 3.7%, despite better-than-expected first-half profits and the announcement of a second-half share buyback plan. ⑽ The market generally expects the Bank of England to cut interest rates next week (August 7), its fifth since last August.
