Marcin Frąckiewicz

Marcin Frąckiewicz is the CEO of TS2 Space and a longtime technology entrepreneur focused on telecommunications, satellite communications and digital innovation. A graduate of the Warsaw School of Economics (SGH), he writes about space technology, artificial intelligence and publicly traded technology companies. His analysis covers major market trends, emerging technologies and the businesses shaping the future of the global economy.

RELX (LON:REL) slips under buyback price as £2.25bn AI discount weighs
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RELX (LON:REL) slips under buyback price as £2.25bn AI discount weighs

RELX shares fell 3% to 2,296p Friday, underperforming the FTSE 100, which slipped 0.74%. The stock is down 43% from its 4,030p high this year and trades about 5% below last week’s buyback average. RELX has repurchased 66.2 million shares since January, with a 2.25 billion pound buyback planned through 2026. First-half results are due July 23.
June 26, 2026
Barclays drops in London after mixed buyback and Fed test signals
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Barclays drops in London after mixed buyback and Fed test signals

Barclays shares fell 1.48% to 513.60p by 10:43 BST, underperforming the FTSE 100’s 0.62% drop. The bank completed a £500 million buyback at an average 454.30p per share, about 13% below Friday’s close. Barclays US LLC’s minimum stressed CET1 ratio was 12.3% in the Fed’s stress test, after factoring in $5.7 billion in projected credit card losses.
June 26, 2026
Rolls-Royce (LON:RR.) dips with Power Systems margin in focus
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Rolls-Royce (LON:RR.) dips with Power Systems margin in focus

Rolls-Royce Holdings shares fell 0.61% to 1,422.80p in early London trading Friday, outpacing the FTSE All-Share’s 0.35% drop. The stock remains up 52.69% over 12 months, trading above the 1,400p median analyst target. Power Systems margin rose to 17.4% in 2025, driven by power generation and government contracts. Half-year results are due July 30; a Power Systems teach-in is set for Friday.
June 26, 2026
BP (LON:BP) drops in London after Abu Dhabi gas deal as oil price slips
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BP (LON:BP) drops in London after Abu Dhabi gas deal as oil price slips

BP shares fell 1.7% to 472.8 pence in early London trading Friday, underperforming the FTSE 100 as Brent crude dropped nearly 2%. BP secured a 10% stake in Abu Dhabi’s Bab Gas Cap project, adding about 0.15 bcfd to its 2025 gas output. The company also signed a technical services deal with India’s ONGC but will not operate or own the assets.
June 26, 2026
IAG (ASX:IAG) jumps 4.3% as Goldman upgrade raises margin hopes
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IAG (ASX:IAG) jumps 4.3% as Goldman upgrade raises margin hopes

IAG shares rose 4.32% to A$8.21 Thursday, adding about A$796 million to its market value as volume surged 60% above average. Goldman Sachs upgraded IAG to Buy, citing margins above 15%. The S&P/ASX 200 fell 0.68%, putting IAG’s one-day outperformance near five percentage points. Shares remain 10.5% below their 52-week high.
June 25, 2026
Santos share price falls 2.8% as Pikka ramp raises oil-price exposure
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Santos share price falls 2.8% as Pikka ramp raises oil-price exposure

Santos shares fell 2.8% to A$7.04 Thursday, tracking a 4.3% drop in Brent crude to US$73.74 as supply fears eased in the Strait of Hormuz. Pikka Phase 1 is producing 20,000 barrels per day, with Santos’ 51% share set to rise to 40,800 barrels at plateau. Each US$10 oil price move would shift annualised gross revenue by about US$149 million at full output. Woodside Energy also dropped 2.9%.
June 25, 2026
Northern Star Resources (ASX:NST) drops after setting limit on buyback amount
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Northern Star Resources (ASX:NST) drops after setting limit on buyback amount

Northern Star Resources shares closed at A$19.92 Thursday, down 3.25%, with 5.18 million shares traded, below average volume. The company has spent A$128.87 million buying back 6.32 million shares, but falling prices mean it may not use its full A$500 million buyback budget under the current share cap. Gold rebounded above US$4,000 after the ASX closed. Evolution Mining and Newmont also fell over 3%.
June 25, 2026
Fortescue (ASX:FMG) sheds A$5.8 billion, class action ruling day brings no extra discount
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Fortescue (ASX:FMG) sheds A$5.8 billion, class action ruling day brings no extra discount

Fortescue shares fell 1.61% to A$18.94 Thursday, marking an eighth straight decline and wiping about A$5.8 billion from its market value since June 15. Shares remain halted after a class action alleged the company failed to protect women from discrimination and harassment at its Australian sites. The stock outperformed the ASX materials sector’s 2.28% drop Thursday but trailed the broader ASX 200 over eight sessions.
June 25, 2026
Aristocrat Leisure jumps 11% with A$1.12bn buyback still in play
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Aristocrat Leisure jumps 11% with A$1.12bn buyback still in play

Aristocrat Leisure closed at A$59.38 Thursday, up 2.4%, marking a fifth straight gain and outperforming the ASX 200’s 0.7% drop. The company has spent A$1.376 billion on its buyback, acquiring 24.5 million shares at an average A$56.15. About A$1.124 billion remains in the program, enough for roughly 18.9 million more shares at current prices. An interim dividend of 50 cents per share is due July 1.
June 25, 2026
Intertek spread points to 88%-91% market odds on EQT deal
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Intertek spread points to 88%-91% market odds on EQT deal

Intertek shares traded at 5,800p bid and 5,805p ask, leaving a 195p gap to the £60 per share cash offer from EQT. The 107.7p final dividend was paid June 24; new buyers now get only the takeover cash. The deal requires shareholder, regulatory, and court approval, with meetings set by August 6. Market pricing implies an 88%–91% chance of completion, but downside risk remains significant.
June 25, 2026
RELX shares trail FTSE as £14 million daily buyback implied
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RELX shares trail FTSE as £14 million daily buyback implied

RELX shares fell 0.8% to 2,359p Thursday, trading 2.6% below the average buyback price and 44% under Morningstar’s fair value estimate. The company bought 2.94 million shares for £71.1 million June 15-19, reducing shares in issue by 3.6% since December. The FTSE 100 rose 0.87%. First-half results are due July 23.
June 25, 2026
Coca-Cola HBC stock (LSE:CCH) rises as World Cup mix, Africa deal timing draw focus
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Coca-Cola HBC (LON:CCH) trades close to five-year high ahead of Africa deal

Coca-Cola HBC shares traded at about 4,812 pence in London Thursday, following a 3.3% jump Wednesday that brought 2026 gains to 25.35%. Trading volume was 43% above average. The company reaffirmed 2026 guidance and expects to complete its €2.22 billion acquisition of Coca-Cola Beverages Africa by year-end, pending approvals in South Africa and Tanzania. Half-year results are due August 5.
June 25, 2026
SSE PLC (LON:SSE) up as £29bn grid plan edges near market value
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SSE PLC (LON:SSE) up as £29bn grid plan edges near market value

SSE shares rose 3.2% to 2,423 pence Thursday, valuing the company at £29.4 billion. SSEN Transmission plans £29 billion in north-Scotland grid upgrades over five years, with SSE’s 75% stake equating to £21.75 billion. The FTSE 100 gained 0.6%, while SSE traded near its session high. SSEN said it has secured 75% of major planning consents, with five projects under construction.
June 25, 2026
Haleon shares slip into the weekend after Redburn downgrade tests recovery hopes
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Haleon (LON: HLN) steady after 4% gain; oral care props up results

Haleon traded flat at 348p Thursday after a 4.3% jump, as JPMorgan cut its price target to 315p, below the previous analyst range. Oral Health drove first-quarter growth, adding 2.6 points to organic sales, while other categories dragged. The company repurchased 14.29 million shares at an average 332.4p. Half-year results are due July 30.
June 25, 2026
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