Shell earnings hit FTSE 100; Lloyds, WPP shine

UK's FTSE 100 slipped on Thursday, led by oil major Royal Dutch Shell after it missed quarterly profit estimates, but forecast-beating earnings from Lloyds Banking Group and ad firm WPP checked overall declines.

UK's FTSE 100 slipped on Thursday, led by oil major Royal Dutch Shell after it missed quarterly profit estimates, but forecast-beating earnings from Lloyds Banking Group and ad firm WPP checked overall declines. The commodity-heavy FTSE 100 fell 0.1% by 0721 GMT, with Shell declining 1.7% after its third-quarter adjusted earnings came in below an analysts' forecast.

The decline in profit came as hedge fund Third Point built a large stake and called on the oil major to split into multiple companies to increase its performance and market value. Lloyds gained 2.1% after beating analyst estimates for third-quarter results as Britain's economy rebounded from pandemic lockdowns.

WPP climbed 3.6% as the world's biggest advertising company lifted its full-year underlying net sales guidance again.

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