Rolls-Royce shares jump to record high on bumper profit and sales

Stoxx 600 index.

Come Friday, the satellite volition person to contend with higher tariff rates from the Trump administration, raising the specter of adjacent much economical uncertainty.

Countries including the U.K., Vietnam, Japan and South Korea person struck agreements with the White House, on with the 27-nation European Union. But the immense bulk person not, including cardinal U.S. trading partners Canada and India. Read much astir the authorities of play up of the Aug. 1 deadline here.

German harmonized user ostentation fell by much than expected to 1.8% successful July, according to information from statistic bureau Destatis.

Economists polled by Reuters had anticipated ostentation to dip to 1.9% aft June's 2% reading.

So-called halfway inflation, which strips retired nutrient and vigor costs, came successful astatine 2.7% successful July, unchanged from the erstwhile month, the information showed. Meanwhile the intimately watched services ostentation people eased further from 3.3% successful June to 3.1% successful July.

The German figures travel the time earlier ostentation information for the euro portion is acceptable to beryllium released. Read much here.

— Sophie Kiderlin

Market uncertainty amid the instauration and rollback of U.S. commercialized policies remains "obviously precise precocious successful the horizon," British lender Standard Chartered's main fiscal serviceman told CNBC's "Europe Early Edition."

He noted the interaction that volatility has had connected concern decisions and deal-making.

"You mightiness spot immoderate strategical enactment being postponed, we person immoderate anecdotical grounds of that," Diego De Giorgi said Thursday.  

The slope reported its second-quarter results astatine the commencement of the session, announcing a further stock buyback of $1.3 cardinal and a 31% leap successful pre-tax profit.

— Ruxandra Iordache

Let's commencement with tariffs. With President Donald Trump's caller circular of levies looming, we've had beardown commentary crossed the board.

Anglo American's CEO reacted to Trump's astonishment determination to pare backmost copper tariffs by exempting "input materials" — a large awesome for miners trying to gauge however the determination plays retired globally.

Over successful aerospace, "exemptions" are the connection of the day. Rolls-Royce CFO Helen McCabe addressed the U.S.-U.K. and U.S.-EU commercialized deals, flagging the value of shielding aerospace components. Both the EU and U.K. deals secured zero-for-zero tariffs connected craft and related parts, a important triumph for the assemblage connected some sides of the Atlantic.

Investors intelligibly liked what they heard from the engine-maker's half-year results — Rolls banal is up 9% today, notching a latest grounds precocious successful its monolithic rally implicit the past 5 years.

Rolls-Royce stock price.

Airbus CEO Guillaume Faury weighed successful connected the aforesaid issue. That speech continues the theme: aerospace leaders privation clarity and extortion successful this tariff chess game.

On the vigor front, Shell's CEO discussed the pugnacious macro backdrop and said clearly: M&A is tricky close present — "nothing is cheap." He besides addressed a question that's been getting louder successful the City of London: could Shell displacement its listing distant from London? That led to a fascinating follow-up with the LSEG CEO, who discussed whether the U.K. capital is inactive an charismatic destination for listings.

That's not each — much of our enforcement and net sum to follow.

— Spriha Srivastava

Airbus CEO Guillaume Faury said the aviation manufacture is facing a better-than-expected commercialized environment, aft the institution reported craft transportation delays successful its half-year results connected Wednesday.

"We spot an situation that connected the commercialized broadside looks to beryllium amended than what we could person feared," Faury said connected "Squawk Box Europe" connected Thursday morning. "We're blessed to spot that the statement betwixt the U.S. and the U.K. and the much caller 1 betwixt the U.S. and the EU supply a harmless situation for the aerospace business."

The institution delivered 306 craft successful the archetypal fractional of the year, with a full-year people of 820 commercialized aircraft. The institution reported that craft delays were owed to motor proviso issues.

"We request to present much successful the 2nd half, and what we person done successful the archetypal half, but so we person a bully momentum. We person upwind successful our sails," Faury said.

"We're moving intimately with our motor partners to get those engines successful the 2nd fractional of the twelvemonth … We cognize what we person to do, and we deliberation we volition present connected it," Faury added.

— Sawdah Bhaimiya

Anglo American CEO Duncan Wanblad said U.S. President Donald Trump's surprise decision to pare backmost copper tariffs comes astatine a clip of heightened marketplace volatility.

The U.S. president connected Wednesday said the White House would enforce a 50% tariff connected copper prices and wiring, falling abbreviated connected expectations of sweeping restrictions.

"Certainly, a batch of volatility successful markets astir tariffs mostly and peculiarly arsenic they travel done to metals," Wanblad told CNBC's "Squawk Box Europe" connected Thursday.

"And I deliberation we're uncovering ourselves successful a place, which is what the marketplace is reacting to close now, wherever we person rather a worldly dislocation of wherever definite inventories are successful the satellite astatine this peculiar constituent successful time."

Anglo American, a planetary mining institution that holds a important portfolio of copper assets, said the request fundamentals for copper look "great" implicit the agelong term, underpinned by robust request amid the vigor transition. Supply, however, continues to look constrained, Wanblad said.

— Sam Meredith

Consumer goods elephantine Unilever connected Thursday posted second-quarter sales that bushed expectations, arsenic shoppers lapped up its suite of products spanning Hellmann's Mayonnaise and Dove soap, contempt terms hikes.

Underlying income maturation ticked up 3.8% successful the 3 months to June 30, up of the 3.6% forecast successful a company-compiled poll.

More than fractional of that was driven by terms rises, chiefly successful the Vaseline maker's idiosyncratic attraction and quality and well-being businesses. Prices hikes were besides astir prevalent successful the Americas but little truthful successful Europe.

Unilever said that its crystal pick business, known arsenic The Magnum Ice Cream Company, which began operating independently connected July 1, is connected way for afloat demerger successful mid-November.

The institution besides reported underlying operating nett of 5.8 cardinal euros ($6.6 billion) for the archetypal half, somewhat up of forecasts of 5.7 billion, and it retained its full-year guidance for underlying income maturation of 3% to 5%.

— Karen Gilchrist

Britain's Shell on Thursday reported better-than-expected second-quarter profit, amid a driblet successful planetary lipid and state prices.

The vigor elephantine posted adjusted net of $4.26 cardinal for the 3 months done June, beating expert expectations of $3.87 billion, according to an LSEG-compiled consensus.

A separate, company-provided expert forecast had expected Shell's second-quarter nett to travel successful astatine $3.74 billion.

Read the afloat communicative here.

Profits astatine the world's largest brewer AB InBev roseate up of expectations successful the second-quarter arsenic income successful its cardinal U.S. marketplace ticked up during the attack to summer.

Operating profits astatine the Budweiser shaper climbed 6.5% implicit the three-month play to $5.3 billion, up of expert expectations for a 5.7% rise.

Revenues were up 3% to $15 billion, adjacent arsenic volumes declined by a more-than-expected 1.9%, led by weakness successful China and Brazil. It besides flagged an 2.1% uptick successful U.S. income implicit the play pursuing declines successful the anterior quarter.

"The resilience of the brew class and the continued momentum of our megabrands delivered different 4th of profitable growth," CEO Michel Doukeris said successful a statement.

The institution maintained its 2025 outlook for net earlier interest, taxes, depreciation, and amortization (EBITDA) to turn successful enactment with its medium-term outlook of betwixt 4% and 8%.

— Karen Gilchrist

Good greeting from London, and invited to CNBC's unrecorded blog covering each the enactment and concern quality successful European fiscal markets connected Thursday.

Futures information from IG suggest a broadly affirmative unfastened for European indexes, with London's FTSE 100 seen opening 0.1% higher, France's CAC 40 unchanged, Germany's DAX up 0.2%, and Italy's FTSE MIB 0.3% higher.

European markets closed successful mixed territory Wednesday, with sectors diverging arsenic second-quarter earnings season ramped up.

There volition beryllium much net today, with Unilever, Shell, Anheuser-Busch Inbev, London Stock Exchange Group, BMW, Anglo American, SocGen, Renault, AF-KLM, Euronext, Sanofi, Credit Agricole and ArcelorMittal among the heavyweight determination companies that are owed to report.

On the information front, French, German and Italian ostentation information is due, arsenic are the latest German and EU unemployment figures.

— Holly Ellyatt