Konrad Wysocki

SSE share price slides as Ofgem RIIO‑T3 decision hits tape amid utilities rout

SSE share price slides as Ofgem RIIO‑T3 decision hits tape amid utilities rout

SSE shares fell about 4% in early London trading Tuesday, dropping to around 2,587 pence after its transmission arm accepted Ofgem’s RIIO-T3 final determination. The move follows weakness across European utilities as investors monitor interest rate expectations and rising energy prices. SSE’s full-year results are due May 28. Total voting rights stood at 1,212,167,907 as of March 2.
March 3, 2026
GSK share price slips 1.4% as oil spike hits sentiment; buyback filings in focus

GSK share price slips 1.4% as oil spike hits sentiment; buyback filings in focus

GSK shares fell 1.4% to 2,150 pence in early London trading Tuesday, extending recent losses as European stocks slid and Brent crude jumped over 4% amid Middle East tensions. The FTSE 100 dropped about 2%. GSK reported buying back 430,000 shares last week and holding 244 million in treasury as of Feb. 28. Morgan Stanley raised its price target to 1,700 pence but kept an “underweight” rating.
March 3, 2026
Standard Chartered (STAN.L) share price slides 4% as Middle East war hits UK bank stocks

Standard Chartered (STAN.L) share price slides 4% as Middle East war hits UK bank stocks

Standard Chartered shares dropped nearly 4% to 1,666 pence in early London trading Tuesday, following a 5.29% slide on Monday. The bank bought back 808,989 shares on March 2 and will redeem HK$1.1 billion in notes due 2027. Standard Chartered has asked staff to delay Middle East travel as the U.S.-Israeli war with Iran rattles markets. European banks remained under pressure as oil prices surged and inflation fears grew.
March 3, 2026
Strait of Hormuz closure pushes oil above $80 and gas to a 3-year high as Iran attacks snarl shipping

Strait of Hormuz closure pushes oil above $80 and gas to a 3-year high as Iran attacks snarl shipping

Brent crude climbed above $80 a barrel for a third day as shipping risks surged in the Strait of Hormuz after attacks on tankers and LNG facilities. UK wholesale gas prices nearly doubled this week, while European gas hit a three-year high. Insurers pulled war-risk cover and freight costs soared as vessels rerouted. QatarEnergy halted LNG production after drone strikes at Ras Laffan and Mesaieed.
March 3, 2026
IAG shares slide again as oil spike and flight cuts rattle British Airways owner

IAG shares slide again as oil spike and flight cuts rattle British Airways owner

IAG shares fell 3.4% to 386.8 pence by 0835 GMT Tuesday, after dropping 5.5% Monday as the airline canceled flights to Tel Aviv and Bahrain. Travel stocks lost $22.6 billion in value Monday amid the U.S. and Israeli war against Iran, with TUI and Lufthansa also sharply lower. Oil prices spiked, raising concerns about inflation and higher airline costs. Marine insurers raised war-risk premiums for Gulf shipping.
March 3, 2026
Unilever stock slides in London as oil spike rattles markets; April update in focus

Unilever stock slides in London as oil spike rattles markets; April update in focus

Unilever shares fell 2% to 5,218p in early London trading Tuesday, tracking a broader selloff as oil and gas prices surged. Brent crude rose 2.3% to $79.50, while the STOXX 600 dropped 1.3% amid Middle East tensions. Unilever closed Monday down 2.58% at £53.26, underperforming the FTSE 100. Investors await Unilever’s April 30 trading statement for updates on pricing and volumes.
March 3, 2026
Barclays share price slides again as oil shock keeps UK bank stocks under pressure

Barclays share price slides again as oil shock keeps UK bank stocks under pressure

Barclays shares fell 2.7% to 423.9 pence in early London trading Tuesday as European bank stocks slid on renewed Middle East conflict and rising oil prices. The STOXX 600 dropped 1.3%, with banks down 2.6%. Traders now see less than a 50% chance of a Bank of England rate cut in March. Barclays disclosed the completion of a £500 million buyback, repurchasing 107.3 million shares.
March 3, 2026
BAE Systems share price dips after 52-week high as Middle East war keeps investors jumpy

BAE Systems share price dips after 52-week high as Middle East war keeps investors jumpy

BAE Systems shares fell 0.85% to 2,222 pence in early London trading Tuesday, retreating from Monday’s 6% surge to a 52-week high. The move followed a global rally in defence stocks as Middle East fighting pushed oil prices up nearly 7% and investors shifted away from banks and travel shares. Citigroup raised its BAE price target to 2,438 pence and reiterated a “buy” rating.
March 3, 2026
BP share price rises as Brent jumps above $80; traders watch Hormuz risk and OPEC+ next

BP share price rises as Brent jumps above $80; traders watch Hormuz risk and OPEC+ next

BP shares rose 1.1% to 493.1 pence in early London trading Tuesday, following a 2.1% gain Monday as Brent crude climbed above $80 a barrel amid supply fears linked to the U.S.-Israeli conflict with Iran. OPEC+ agreed to a modest output increase, but analysts say Gulf shipping risks outweigh supply changes. BP paused its $750 million buyback in February after $4 billion in charges on renewables and biogas assets.
March 3, 2026
Aristocrat Leisure share price slides to A$46 as buyback ticks on and markets brace for rate risk

Aristocrat Leisure share price slides to A$46 as buyback ticks on and markets brace for rate risk

Aristocrat Leisure shares fell 2.5% to A$46.06 on Tuesday, following a broader market drop as the S&P/ASX 200 lost 1.34%. The company spent A$14.35 million buying back 303,809 shares on March 2, ASX filings showed. Traders cited rising oil prices, higher bond yields, and anticipation of the Reserve Bank of Australia’s March 17 meeting as key drivers. Aristocrat’s next earnings are due May 13.
March 3, 2026
Evolution Mining share price drops after ex-dividend hit — what ASX:EVN traders watch next

Evolution Mining share price drops after ex-dividend hit — what ASX:EVN traders watch next

Evolution Mining closed down 4.5% at A$16.87 in Sydney after trading ex-dividend for a 20-cent interim payout. Gold miners fell despite spot gold rising 0.7% as rate concerns weighed on the broader market. The S&P/ASX 200 dropped 1.34% after RBA governor Michele Bullock signaled a possible March rate move. Evolution’s March-quarter results are due April 15.
March 3, 2026
Wesfarmers share price slips on oil spike and RBA rate warning — what to watch next for ASX:WES

Wesfarmers share price slips on oil spike and RBA rate warning — what to watch next for ASX:WES

Wesfarmers shares fell 0.55% to A$79.62 as the S&P/ASX 200 dropped 1.34% on Tuesday, pressured by rising oil prices and higher bond yields. Oil climbed for a third session, with Brent at $79.44 a barrel amid Middle East tensions. RBA Governor Michele Bullock cited persistent inflation risks, keeping rate expectations in focus ahead of the March 17 policy decision.
March 3, 2026
Lynas Rare Earths stock drops after Malaysia licence renewal: ASX:LYC closes lower

Lynas Rare Earths stock drops after Malaysia licence renewal: ASX:LYC closes lower

Lynas Rare Earths shares fell 4.8% to A$19.04 Tuesday after Malaysia renewed the company’s operating licence for 10 years but set a five-year deadline to stop producing radioactive waste. About 8.1 million shares traded. The licence runs to 2036, with a review after five years and possible revocation if conditions are breached. Lynas must neutralise all waste produced within five years through thorium extraction or other approved methods.
March 3, 2026
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