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.

National Australia Bank stock trades above broker targets after A$1.8 billion capital raise
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National Australia Bank stock trades above broker targets after A$1.8 billion capital raise

National Australia Bank has climbed enough post-capital raising that broker targets are now mostly flat. Next up: can a lower-cost data setup and extra capital buffer against margin and credit risks. Shares last traded at A$39.59 on July 8, up 0.94%, logging a 4.57% gain in five days, but still down 6.43% in 2024, according to MarketScreener. Trading was outside normal ASX cash hours of 09:59:45 to 16:00 Sydney by the dateline. Market prices are outpacing current target screens. Motley Fool Australia, citing Market Index data on Tuesday, said the average target sits at A$39.17, while TradingView lists A$37.78, with most recommendations at hold or sell. Investing.com’s average is A$37.959 from 14 analysts, consensus neutral.
July 8, 2026
Rentokil Initial plc (LON:RTO) stock rises after Goldman Sachs Group Inc (NYSE:GS) upgrade as U.S. pest recovery becomes price test
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Rentokil Initial plc (LON:RTO) stock rises after Goldman Sachs Group Inc (NYSE:GS) upgrade as U.S. pest recovery becomes price test

Rentokil Initial plc rose on Tuesday after Goldman Sachs Group Inc upgraded the stock, but the bigger number for shareholders is the target gap. At 590p, Goldman's new target is about 30% above the after-close London quote and 16% above the 507p year high shown by AJ Bell. At 21:02 BST, London trading had ended. Hargreaves Lansdown showed Rentokil at 454.60p bid and 454.80p offer; AJ Bell showed a session high of 458.20p and volume of 10.6 million shares.
July 7, 2026
InterContinental Hotels shares edge lower after $13 million buyback at fresh dollar quote
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IHG shares up as investors look at buyback and share count math

InterContinental Hotels Group PLC ended Tuesday’s session up 0.94% at $166.20, with 326,459 shares changing hands by the close in London. That move outpaced the FTSE 100, which added 0.13%. ADVFN showed a session range of $163.65 to $166.90, with the last trade coming at 16:35:18. IHG’s buyback price stood out for shareholders. In a Tuesday RNS, the company said it bought 40,000 shares Monday between $164.10 and $167.85, with an average price of $165.4551. IHG will cancel the shares, cutting its shares in issue to 148,815,326, not counting treasury stock.
July 7, 2026
Prudential trades lower while shares buyback tops market price
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Prudential trades lower while shares buyback tops market price

Prudential plc dropped after Tuesday's London close, erasing most of the prior day's gains. The latest buyback figures showed the insurer buying back shares at an average price above where the stock is trading—a detail getting more attention from investors. Hargreaves Lansdown quoted Prudential at 1,033.00p to sell and 1,033.50p to buy, down 11p, or 1.06%. Volume came in at 5.6 million shares. The FTSE 100 added 0.13%. Prudential climbed 1.51% to £10.41 on Monday, outperforming the FTSE 100, MarketWatch data showed. About 3.3 million shares traded—less than the 50-day average of 9.4 million.
July 7, 2026
DP Poland (LON:DPP) holds steady after FMR stake cut questions Domino’s Poland growth
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DP Poland (LON:DPP) holds steady after FMR stake cut questions Domino’s Poland growth

DP Poland PLC, which runs Domino’s Pizza outlets in Poland and Croatia and trades on AIM, closed flat on Tuesday. But FMR LLC, the parent of Fidelity Management & Research Company, cut its stake in the company, with voting rights falling to 6.4357% from 9.84%. That’s a drop of 3.4043 percentage points, with the move disclosed before trading started in London. Shares ended the London session quoted at 7.00p, with a 6.50p bid and a 7.50p offer. Market cap is around 66.1 million pounds. Hargreaves Lansdown data showed 852,919 shares traded, up from the 469,209 Monday volume reported by Shareprices.com.
July 7, 2026
Porvair (LON:PRV) gains as Deutsche Bank calls Buy, Metal Melt drives H1
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Porvair (LON:PRV) gains as Deutsche Bank calls Buy, Metal Melt drives H1

Porvair plc shares closed higher Tuesday, after Deutsche Bank AG started coverage at Buy. The stock ended the day quoted at 822p to sell and 826p to buy, up 4p, or 0.49%. Earlier in the session, Porvair traded as high as 834p in London, almost 2% up, after the broker note. The broker’s 1,050p target is the main figure for the stock. That’s 28.4% above Monday’s 818p close and 14.1% higher than AJ Bell’s stated high for the year at 920p. With 46.50 million shares in issue per Hargreaves Lansdown, that difference is around £108 million in equity value.
July 7, 2026
IAG stock hovers close to analyst marks after easyJet offer and oil slide shake up airlines
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IAG trims voting power with buyback as fuel costs return

IAG slid in late London trading Tuesday, but the bigger move for investors came a day earlier when International Consolidated Airlines Group disclosed it had pulled about 191 million shares into treasury. That lowers the number of shares with votes while the stock trades near a 52-week high. IAG was at 478.70p at 1558 BST, down 1.2%. Volume was 4.47 million, well below the 17.20 million average. The change in share count isn't just window dressing. IAG reported having 4.4207 billion voting shares as of July 6, a drop of 44.3 million since May 1. Total issued capital was unchanged at 4.6117 billion shares. Using the current voting share base, a 1p move in the stock equals around £44.2 million
July 7, 2026
NeoTerra shares gain on Monte Muambe gallium update, rare earth pressure grows
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NeoTerra shares gain on Monte Muambe gallium update, rare earth pressure grows

NeoTerra Group PLC climbed Tuesday after the company, which recently changed its name, reported that results from initial Monte Muambe work connected its fluorspar process to a potential gallium pre-concentration stream. The announcement gave investors another angle to consider the small-cap miner as a rare-earth supply chain play. Shares last traded at 2.25 pence on delayed lse.co.uk data, up 0.25p, or 12.5%. About 5.94 million shares changed hands, making up 1.3% of the 457.67 million on issue. Market value stood at 10.30 million pounds. The stock showed a 0.30p bid-ask spread, or 14.3%, pointing to thin trading behind the day’s move.
July 7, 2026
Wolfram Resources shares reach 52-week high in London as cash falls under £11,000
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Wolfram Resources shares reach 52-week high in London as cash falls under £11,000

Wolfram Resources stock hit a 52-week high in London trading, but the move came on very light volume. The company’s cash is now below £11,000. Wolfram Resources PLC traded at 2.00p in London on Tuesday, up 14.29%. Shares are back to their 52-week high. Only 300 shares changed hands, according to Google Finance, about £6 worth at the Tuesday price. Market cap stands at £1.64 million. The London Stock Exchange runs from 8:00 a.m. to 4:30 p.m. BST, so this dateline landed during open trade.
July 7, 2026
Keller stock jumps after order book tops 60% of sales forecast
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Keller stock jumps after order book tops 60% of sales forecast

Keller Group plc shares rose Tuesday after the ground-engineering company said it expects full-year revenue and underlying operating profit to beat consensus by a wide margin, thanks to a jump in U.S. infrastructure and data center orders. The ramp in orders now puts the company’s valuation in focus for the rest of the year. London stocks were trading with the market open as of publication. The London Stock Exchange’s regular hours on July 7 are 0800 to 1630 BST. Keller last changed hands at 3,252p at 14:02 BST, up 570p for the day. Volume hit 708,230 shares, topping Google Finance’s average of 173,280 by more than four times.
July 7, 2026
Anglo American shares face thin support ahead of July copper event
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Anglo American shares drop as copper story faces output squeeze

Anglo American dropped over 3% Tuesday, lagging the FTSE 100. The market cut the miner ahead of a July production test, which will reveal if its copper-driven merger plan is getting support on the ground. Shares changed hands at 3,662p at 13:04 BST, falling 122p for the session. The stock started at 3,718p and went as low as 3,651p on volume of around 667,000 shares, according to Google Finance. Over the last year, the high hit 4,239p, with the low at 2,042p.
July 7, 2026
RELX gains as buyback pressure builds ahead of July results
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RELX stock recovers as buybacks look cheap; AI discount continues

RELX PLC climbed over 2% Tuesday. But the bigger focus for some investors is the buyback numbers. The data and analytics group is picking up shares while the valuation is still weak, and consensus still has both cash flow and earnings growing. RELX was changing hands at 2,451p/2,452p late morning in London, up 58p or 2.42% on AJ Bell’s delayed quotes. MarketScreener had RELX at 2,457p, showing a 2.67% rise, with the FTSE 100 up around 0.2%.
July 7, 2026
Glencore shares fall, copper drawdown dull ahead of July output test
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Glencore drops in London as Congo limits cap copper gains

Glencore plc slipped on Tuesday, bucking a rise in London’s blue-chip index. Shares made only a minor move, but investors are wrestling with whether Congo cobalt regulation and Glencore’s weighted production schedule can keep the shares up after hitting a high in June. Glencore was last seen at 513.50p as of 10:53 BST, down from its prior close at 516.00p. The London Stock Exchange is open from 8:00 a.m. to 4:30 p.m. BST. The FTSE 100 was up 0.45% on Reuters' delayed feed.
July 7, 2026
Shell (LON:SHEL) lags FTSE after buyback halt and Brent fall
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Shell (LON:SHEL) edges higher on Q2 cash flow lift, Qatar dent

Shell Plc shares are up after a rebound in second-quarter cash flow helped balance out weakness from its Qatar business. Shell Plc climbed over 3% in London Tuesday after a second-quarter update showed a bounce in cash flow, which some in the market see as more important than the upgrade to gas production. Reuters said the shares were up 3.2% at 0825 GMT, while the European energy sector added 0.3%.
July 7, 2026
Sound Energy (AIM:SOU) trades below forecast cash as Tendrara exit stirs AIM valuation
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Sound Energy (AIM:SOU) trades below forecast cash as Tendrara exit stirs AIM valuation

Sound Energy plc closed Monday at 2.00 pence, up 5.26%. This put the AIM-listed Moroccan gas group at a market cap near 4.54 million pounds. The FTSE AIM All-Share index gained 0.34%. Shares are still well under their 52-week high of 13.00p, with traders watching deal progress more than just production. Investors are now asking a basic question: why does a company projecting post-deal cash higher than its own market cap still trade like a distressed microcap? Sound said on May 26 it would sell Sound Energy Meridja Limited, which holds its 20% Tendrara stake, to Managem SA for $57 million. The company plans to use the money to buy back €28.8 million in 5.0% senior secured notes. If the
July 7, 2026
Aviva (LON:AV) edges higher as traders watch buyback plans and forecasted dividend yield
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Aviva (LON:AV) edges higher as traders watch buyback plans and forecasted dividend yield

Aviva plc advanced 1.1% to 675.80p on Monday, up 7.4p from Friday’s close, while London’s FTSE 100 lost 0.26% to 10,651.77. Hargreaves Lansdown showed the shares as market closed, and Aviva’s site had the delayed quote at 675.80p at 16:49 UK time. There’s a buyback angle to the stock move. Aviva reported Monday that its recent buyback price came in under the latest market quote. The first three July buyback updates show the company bought shares as the price climbed, not when the stock was falling.
July 6, 2026
Saudi price cut tests Asian refiners’ margins
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Saudi price cut tests Asian refiners’ margins

Saudi Aramco didn’t just trim a headline price for August. The new list scraps the last Iran-war premium on Saudi crude heading to Asia. Arab Light dropped from a $9.50 premium in July to a $1.50 discount. Four of the five top Asian grades now go under the Oman/Dubai benchmark. The three-month move in Arab Light to Asia stands out less, but it's big. The grade dropped $21 a barrel from the May premium to the August discount, according to Saudi Aramco's pricing statements cited by Reuters. That $21 is lost upstream revenue for sellers. For refiners in China, India, Japan and South Korea, that means cheaper feedstock as Gulf supply picks up.
July 6, 2026
Trifast up 8% as Mills-backed deal puts £437,000 in the money
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Trifast up 8% as Mills-backed deal puts £437,000 in the money

Trifast plc finished up 7.92% at 79p on Monday. Shares started the day at 71.18p and 467,739 were traded. The stock closed at its session high with a market cap of £107.59 million, according to Google Finance. The stock outperformed the FTSE All Share, which Hargreaves Lansdown showed down 0.24% after the London market closed.
July 6, 2026
Dotlines Global (LON:DOTL) ticks higher; AIM liquidity stays light, market cap lags admission
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Dotlines Global (LON:DOTL) ticks higher; AIM liquidity stays light, market cap lags admission

The London cash market was already shut after its 1630 finish at the time. July 6 stayed as a regular 0800 to 1630 BST trading day on the London Stock Exchange, according to TradingHours. Dotlines Global Limited finished higher Monday. Last trade was at 8.45p, up 0.20p, or 2.42%, after closing at 8.25p previously. The spread stood out, with Hargreaves Lansdown quoting 8.50p to sell and 9.50p to buy after hours. That's a 1p gap, or 11.1% of a 9p mid.
July 6, 2026
FTSE 100 edges lower as deal risk holds easyJet bid gap
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FTSE 100 edges lower as deal risk holds easyJet bid gap

London trade was done for the day at this point; the LSE runs from 0800 to 1630 BST on weekdays. The decline wasn't across the board. Losses in several bigger names weighed on the index, but some deal names and banks limited the drop. The FTSE 100 ended down 27.26 points at 10,651.77, according to market-data streams. The index hit 10,733.39 earlier in the day but finished around 2.6% under its all-time high from February 2026 at 10,934.94. It's still up 20.95% over the last year.
July 6, 2026
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