Diageo Shares Climb With 150 Irish Roles at Risk in Dave Lewis Overhaul
Diageo shares rose 2.3% Tuesday after reports the company may cut up to 150 jobs in
Sainsbury (LON:SBRY) stock stands out as FTSE falls on grocery market data
Sainsbury’s shares held at 305.6 pence, up 0.03% by 14:03 BST, after surveys showed gains in grocery market share. Sales rose 2.0% in the 12 weeks to June 14, according to Worldpanel,
Unilever Stock Bucks FTSE Selloff as World Cup Bet Meets a Cost Test
Unilever shares rose 0.2% to 4,402 pence Tuesday, outperforming a 0.8% drop in the FTSE 100 amid a wider tech-led selloff. The company launched its largest sports marketing campaign tied to the FIFA World Cup, promoting over 35 brands in 120 markets. Unilever reaffirmed its full-year outlook after first-quarter underlying sales rose 3.8%. Costs remain a concern, with 2026 inflation now expected up to €900 million.
Rolls-Royce (LON:RR) shares slip 2% after new engine deals
Rolls-Royce Holdings shares fell 2.05% to 1,383 pence in London Tuesday, underperforming the FTSE All-Share. The company signed a framework deal with Italy’s Overmarine for 30 propulsion systems and 64 engines, but did not disclose the value. Rolls-Royce forecasts £4.0–£4.2 billion in operating profit for 2026 and plans up to £9 billion in share buybacks by 2028.
Anglo American Shares Drop Almost 6% as Copper Prices Fall
Anglo American shares fell 5.9% to 3,676 pence in early London trading Tuesday, pressured by a nearly 3% drop in copper to $6.17 a pound. The FTSE 100 mining sector lagged the broader market, with Antofagasta down 7% and Glencore off 4.8%. Berenberg downgraded Anglo to “hold” last week, citing likely first-half earnings disappointment. Anglo’s Q2 production report is due July 23.
NatWest Shares Fade After 4% Jump in Broader London Drop
NatWest Group shares fell 1.18% to 655.2 pence in London trading Tuesday, leading declines among UK banks as the FTSE 100 dropped 0.91%. Group CIO Scott Marcar sold 251,868 shares last week at £6.34 each. NatWest reported first-quarter operating profit up 12% to £2 billion but took a £283 million impairment charge for expected loan losses. The bank cut its 2026 UK growth forecast to 0.4%.
Glencore Drops Almost 5% in London as Fed Rate Moves Hit Copper Stocks
Glencore shares fell 4.6% in London Tuesday as metals and mining stocks slid on expectations of more U.S. rate hikes. Copper dropped 0.5% on the LME to $13,580 a ton. Glencore reported Q1 own-sourced copper up 19% to 199,600 tonnes and 2025 adjusted EBITDA down 6% to $13.5 billion. The company faces pressure from a strong dollar and regulatory uncertainty in the DRC.
Woolworths Group (ASX:WOW) share price hits 52-week high as IGA narrows price gap
Woolworths shares closed at a 52-week high of A$38.55 on Monday, up 0.6%, despite the S&P/ASX 200 slipping 0.14%. The move came on low volume and without a new company filing. Metcash reported annual food EBIT up 5.4% and said large IGA stores cut their price gap with major chains to 2.1%. Coles shares rose 0.13%.
South32 (ASX:S32) share price steadies as investors weigh copper and rail upside against aluminium drag
South32 rose 0.5% to A$4.15 on Monday, outperforming BHP and Rio Tinto as the ASX 200 slipped 0.1%. Copper prices gained 0.5%, while aluminium fell 1.1% and manganese was steady. Investors weighed firmer copper and signs of easing South African rail bottlenecks for manganese. South32’s shares remain 8.2% below their June 12 close after a recent broker downgrade.
Xero (ASX:XRO) Stock Falls Below A$70 as Tech Rout Masks July Pricing Catalyst
Xero shares fell 4.54% to A$68.62 on Monday, closing below A$70 for the first time since 2022. The drop followed an 18% plunge in WiseTech after reports of a police investigation, with no new trading update from Xero. The ASX information technology index lost 4.2%. Xero will raise Australian subscription prices by up to 12.6% from July 1.
Woolworths Group (ASX:WOW) share price hits 52-week high as IGA narrows price gap
Woolworths shares closed at a 52-week high of A$38.55 on Monday, up 0.6%, despite the S&P/ASX 200 slipping 0.14%. The move came on low volume and without a new company filing. Metcash reported annual food EBIT up 5.4% and said large IGA stores cut their price gap with major chains to 2.1%. Coles shares rose 0.13%.
South32 (ASX:S32) share price steadies as investors weigh copper and rail upside against aluminium drag
South32 rose 0.5% to A$4.15 on Monday, outperforming BHP and Rio Tinto as the ASX 200 slipped 0.1%. Copper prices gained 0.5%, while aluminium fell 1.1% and manganese was steady. Investors weighed firmer copper and signs of easing South African rail bottlenecks for manganese. South32’s shares remain 8.2% below their June 12 close after a recent broker downgrade.
Xero (ASX:XRO) Stock Falls Below A$70 as Tech Rout Masks July Pricing Catalyst
Xero shares fell 4.54% to A$68.62 on Monday, closing below A$70 for the first time since 2022. The drop followed an 18% plunge in WiseTech after reports of a police investigation, with no new trading update from Xero. The ASX information technology index lost 4.2%. Xero will raise Australian subscription prices by up to 12.6% from July 1.
Macquarie Group (ASX:MQG) slips 0.8%; Asterion joins Southern Water funding
Macquarie Group shares closed Monday down 0.76% at A$247.92, diverging from the S&P/ASX 200’s 0.1% dip. Asterion-managed funds will provide most of a £300 million equity injection for a 20% stake in Southern Water, part of a £1.2 billion package. The deal was announced after market close, leaving Tuesday as the first session for investors to react. Monday’s trading volume was 31% below the 12-month daily average.
SSE Shares Edge Higher with Grid Debt Linked to Indexation (LSE:SSE)
SSE shares rose 1.2% to 2,352 pence Monday, outperforming the FTSE 100, which gained 0.6%. The company’s recent €1.3 billion hybrid bond sale and indexed network-debt allowances provide some financing cushion, but do not eliminate project or valuation risk. SSE’s leverage stood at 3.3 times EBITDA as of March 31, with £1.7 billion debt maturing in the next year. No new trading update was issued.
National Grid drops as high gilt yields, UK political risk weigh on shares
National Grid shares fell 0.7% to 1,203.5p in London on Monday, trailing the FTSE 100 after Prime Minister Keir Starmer announced his resignation. The stock traded between 1,193.5p and 1,215.5p by midday, giving back 39.5% of Friday’s bounce. Britain’s 10-year gilt yield hovered near 4.85%, pressuring utilities seen as bond alternatives. National Grid last reported £44.2 billion in net debt.
National Australia Bank Rises While Broader ASX Falls; Inflation Next Focus
National Australia Bank shares rose 1.21% to A$38.33 Tuesday, outperforming the S&P/ASX 200, which fell 0.33% on weakness in tech and mining stocks. Major banks rallied as funds bought back into the sector, despite most active equity funds remaining underweight financials. NAB launched a 24/7 security center after investing over A$900 million in protections for fiscal 2025. Investors await May inflation data due Wednesday.
IFM Crosses 50% Stake, Atlas Arteria Shares Reach Takeover Tipping Point
Atlas Arteria shares closed flat at A$5.10 as Diamond Infraco, backed by IFM, took voting control past 50%, triggering an offer extension to July 7. Turnover hit 60.9 million, nearly nine times average. Atlas’s board maintains its rejection, citing higher independent valuations and payout targets. IFM must reach 90% to force out holdouts, while a Chicago Skyway put option risk has emerged.
CBA Shares Hold Up Against ASX Drop, Wednesday CPI May Shift the Trade
Commonwealth Bank of Australia closed up 0.49% at A$164.21 Tuesday, while the S&P/ASX 200 slipped 0.33% as tech stocks fell sharply. CBA shares remain 11% lower for the financial year and about 14% below their 52-week high. May CPI data is due Wednesday. CBA’s March quarter cash profit was A$2.7 billion, missing some analyst forecasts.
BHP shares to watch Wednesday as port strike threat drops, Jansen impact stays
BHP shares ended Tuesday down 0.7% at A$59.92 after unions paused strike plans at Port Hedland, easing immediate risks to iron ore shipments. The company faces a US$2.3 billion impairment on its Jansen potash project, with Stage 2 costs now seen at US$6.9 billion. Iron-ore futures in Asia fell to a four-month low. About 450 Port Hedland workers could still strike with five days’ notice if talks stall.
easyJet (LON:EZJ) Holds Up Despite FTSE Drop as Castlelake Eyes £4.7 Billion Offer
easyJet shares rose 1.9% to 527 pence Tuesday as investors awaited Castlelake’s next move ahead of a Friday takeover deadline. The board rejected Castlelake’s latest 625-pence offer, calling it “highly opportunistic,” while major shareholders want at least 700 pence. easyJet posted a first-half pretax loss of £552 million on £3.95 billion revenue. Both companies declined to comment.
Vodafone Shares Drop Again Under Pressure from £4.3 Billion UK Move
Vodafone shares fell 0.65% to 106.60 pence in London, extending losses as investors weigh the £4.3 billion buyout of CK Hutchison’s stake in VodafoneThree. The stock is down about 8% since June 12. VodafoneThree has overtaken rivals to become the UK’s largest mobile operator. The company still needs UK national security clearance for the deal.
Diageo Shares Climb With 150 Irish Roles at Risk in Dave Lewis Overhaul
Diageo shares rose 2.3% Tuesday after reports the company may cut up to 150 jobs in Ireland, about 12% of its local workforce. The Irish government was notified of the planned layoffs, though Diageo has not confirmed exact numbers. CEO Dave Lewis is pushing cost cuts and restructuring as organic sales are forecast to fall 2% to 3%. Diageo will report full-year results and a strategy update on August 6.
3i Group (LON:III) trades flat as Monday’s 2.6% rally pauses
3i Group shares held steady at 2,261p in London Tuesday, about 25% below its March 31 NAV of 3,030p. The company has bought back 9.75 million shares since launching its £750 million buyback, with analysts questioning if the program is large enough to lift the stock. European regulators approved 3i’s acquisitions of Idro 2020 and Nordic Windfarm HoldCo. Action, 3i’s main asset, reported slower sales and lower margins.
Intertek Trades 200p Under EQT’s £60 Offer — What the Spread Says
Intertek shares traded at 5,800p Tuesday, about 3.4% below EQT’s £60 per share cash offer. The £9.3 billion buyout uses a scheme of arrangement, with shareholder meetings set by August 6. The deal excludes a 107.7p dividend that went ex-dividend May 28. If approved, the takeover could close in late 2026 or early 2027.
DCC Shares Sit 5.6% Below KKR Proposal—Why July 8 Could Break the Stalemate
DCC Plc shares traded at 6,160 pence in London on Monday, 365p below the £65.25 cash component proposed by KKR and Energy Capital Partners. The bidders have until July 8 to make a firm offer or withdraw. Regulatory filings showed no change to the proposed terms. DCC’s board has indicated it may recommend the deal if formalized.
BP (LON:BP) edges lower after $5.1B Angola move, oil prices weaker, California lawsuit hits
BP shares fell 0.87% to 495.85p in London by midafternoon Tuesday, despite its Angola joint venture approving a $5.1 billion offshore oil project targeting first output in 2029. Brent crude slipped 0.3% to $77.64 a barrel. BP faces a proposed class action in California over alleged AI-driven gasoline price fixing. The FTSE 100 dropped amid rate hike concerns and weak UK services data.
Telecom Plus (LON:TEP) Drops 26% After £55 Million Growth Spend Cuts Profit, Dividend
Telecom Plus shares plunged 26% after the company warned of a sharp profit drop for next year, citing a five-year investment plan. The firm cut its final dividend to 12p from 57p, but announced a £40 million buyback. Adjusted pretax profit guidance for 2027 was slashed to £80–90 million, down from £132.2 million just reported. Net debt is expected to rise as the company targets long-term growth.
Prudential (LON:PRU) shares rise as $1.2 billion buyback moves forward despite FTSE drop
Prudential plc traded at 1,014.5p in London Tuesday, recovering from an earlier 1.5% drop, while the FTSE 100 slipped 0.4%. JPMorgan bought nearly 2 million Prudential shares last week as part of a $1.2 billion buyback, with the company planning to cancel repurchased stock. Prudential’s new business profit rose 12% to $2.78 billion for 2025. Shares remain down about 11% for 2026 amid concerns over Chinese capital controls and inflation.
Imperial Brands (IMB.L) Stock Trades Up After £1.45 Billion Buyback
Imperial Brands rose 0.5% to 2,750p in London after buying back 230,000 shares at an average 2,735.97p, reducing its share count to about 770.6 million. British American Tobacco gained 2.6% as investors shifted to staples. Imperial’s first-half tobacco net revenue rose 1.5%, with next-gen products up 7.5%. CEO Lukas Paravicini warned a prolonged Middle East conflict could raise input costs and hurt future demand.
Why National Grid Shares Are Falling Despite a $438 Million New York Grid Milestone
National Grid shares slipped 0.7% to 1,212.5 pence in London Tuesday, outpacing the FTSE 100’s 0.34% drop, despite the launch of the 100-mile Smart Path Connect transmission line in New York. The project, developed with the New York Power Authority, delivers one gigawatt of renewable capacity. Broader utility stocks also fell as investors anticipated further interest rate hikes. National Grid’s market value stood at about £60.3 billion.
Sainsbury (LON:SBRY) stock stands out as FTSE falls on grocery market data
Sainsbury’s shares held at 305.6 pence, up 0.03% by 14:03 BST, after surveys showed gains in grocery market share. Sales rose 2.0% in the 12 weeks to June 14, according to Worldpanel, and 3.5% per NielsenIQ, with market share up at 15.0%. The company is buying back up to £300 million in shares, with £200 million expected by September 11. Sainsbury’s first-quarter update is due June 30.
IQE Sinks 15% After AI Rally Falters for Chip Stocks
IQE shares fell about 15% to 48.2p Tuesday, with nearly 40 million shares traded, as tech stocks slumped across Europe. The Cardiff-based semiconductor supplier issued no new trading updates. FTSE 100 and FTSE 250 both hit one-week lows after weak UK services data. IQE shares remain up over eightfold for the year following a major fundraising and strong AI demand outlook.
BAE Systems Shares Gain After £500 Million Buyback and Record Arctic Radar Deal
BAE Systems shares rose 0.4% to 1,818 pence Tuesday after news of its role in Australia’s A$2.5 billion radar sale to Canada and a new £500 million buyback, while the FTSE 100 fell 0.7%. BAE will begin delivery work on the radar program July 1. The company’s shares remain 23% below their March 52-week high. BAE’s buyback is set to finish by June 2027.
IHG Steady Near High After Madrid, India Growth Moves
IHG signed deals for new Kimpton and Holiday Inn hotels in Madrid and Mathura, adding 221 rooms to its pipeline. The company bought back 20,000 shares at an average $170.14 each and plans to cancel them. Shares slipped 0.1% to $169.45 Tuesday. First-quarter RevPAR rose 4.4%, but Middle East RevPAR fell sharply in April.
Bunzl (LON:BNZL) jumps 3% as North America drives 2026 guidance
Bunzl shares rose 3.25% after the company raised its 2026 revenue outlook, citing stronger North American trading. First-half revenue is expected to climb about 4% at constant exchange rates, with operating margin set to improve. The update follows Elliott Management’s disclosure of a nearly 5% stake and calls for a review of North American operations. Bunzl also acquired Australia’s Scientifix Group.