ABB jumps after it posts Q2 record orders

** Shares in ABB ABBN jump around 7% to their highest since March after the Swiss engineering company posted its highest ever second-quarter order intake and better-than-expected profitability

** ABB says that it saw a 14% organic order growth in Q2, which Vontobel says came ahead of expectations, boosted by a large order in the company's Process Automation unit and improving short-cycle demand

** Core operating income rose 9% to $1.71 billion, beating analyst forecasts of $1.65 billion

** The results "should result in higher FY25 consensus margin assumptions, supporting the shares," says Vontobel analyst Mark Diethelm