FTSE 100 Rises 0.8% as Shell Announces $3.5 Billion Buyback

UK's FTSE 100 index rose around 0.8% on Friday, continuing a record streak of gains, buoyed by optimism over potential easing in U.S.-China trade tensions and strong corporate earnings. Shell emerged as a major driver with a 3-3.4% surge after announcing a $3.5 billion share buyback and exceeding first-quarter earnings expectations, despite lower oil prices and cash flow. Banks NatWest and Standard Chartered also reported robust first-quarter profits, contributing to positive market sentiment, though Standard Chartered warned that ongoing tariffs could impact credit quality. Other notable risers included Melrose Industries, Rentokil Initial, Compass Group, and miners like Glencore and Antofagasta, reflecting renewed confidence in internationally exposed stocks. Meanwhile, the FTSE 250 remained relatively flat, and the UK retail sector faced challenges from recent cyber-attacks targeting major brands such as Marks & Spencer and Harrods. Overall, the market rally was underpinned by hopes of improved U.S.-China trade relations alongside solid earnings results.