Marcin Frąckiewicz

RELX stuck to its forecast for solid revenue gains and higher adjusted operating profit this year, according to an investor update released Thursday. The company maintained its outlook, pointing to “positive momentum across the group.” This is significant for the British information and analytics group, which remains in recovery mode after a sharp selloff in February. That drop was sparked by worries that fresh AI tools might put the squeeze on established legal and data players. Legal plug-ins from Anthropic rattled RELX along with rivals Thomson Reuters and Wolters Kluwer. Still, RELX maintained that weaving AI into its own offerings should continue to fuel growth.

National Grid plc on Thursday marked 15 years since BritNed—a 1-gigawatt subsea cable connecting Britain with the Netherlands—first went live. The anniversary coincided with the company and Dutch grid operator TenneT signing a Joint Development Agreement, pushing the LionLink project closer to a final investment decision. Timing is key here. Britain, along with its North Sea neighbors, is pushing to expand cross-border power links and offshore wind hookups to boost energy security. National Grid last month projected that adjusted earnings per share would climb 13%-15% in 2027, citing a new UK regulatory period with increased allowed revenue.

British American Tobacco p.l.c. is facing another setback stateside, with the FDA’s expedited review of nicotine pouches losing steam and BAT’s Velo products now in regulatory limbo. The snag has reignited questions around one of BAT’s core growth strategies. Shares fell 1.5% on Wednesday as news of the slowdown broke, but regained 1.6% by 0948 UTC Thursday, recovering some lost ground. Timing is key here. Velo now sits at the heart of BAT’s effort to pivot away from cigarettes in the U.S.—the biggest market out there for smoking alternatives. All this comes as BAT projects that both its revenue and underlying profit for 2026 will end up toward the lower end of its medium-term goals. Back in February, BAT stuck

Glencore plc's South African ferrochrome operation has delayed its potential layoff decision to April 7, after utility Eskom requested another week to wrap up internal sign-off on a cut-rate electricity deal for the embattled sector. Negotiations hang on a 62 South African cent per kilowatt-hour tariff—the price point the venture insists is necessary for smelter survival. The timing isn’t trivial. Glencore has tied the fate of mothballed smelters—and jobs—to cheaper power, as South Africa’s ferrochrome industry faces mounting strain. Back on March 19, Glencore Ferroalloys CEO Japie Fullard flagged as many as 1,500 jobs on the line without a viable agreement. Samancor Chrome, meanwhile, has already started cutting staff, even with the same headline tariff break in hand.