Marcin Frąckiewicz

JPMorgan, Citi Governance Spotlight Widens After $52 Million Banker Hire and Lawmaker Stock Sale
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JPMorgan, Citi Governance Spotlight Widens After $52 Million Banker Hire and Lawmaker Stock Sale

Citi’s hiring of former JPMorgan banker Viswas Raghavan is under scrutiny after reports said JPMorgan had decided he had no long-term future there due to management concerns. Citi disputed the characterization of its hiring process. Separately, Rep. Lizzie Fletcher disclosed selling up to $15,000 in inherited JPMorgan shares. U.S. markets were closed Saturday.
May 3, 2026
United Utilities Group PLC’s £800 Million Raise Puts Its £11.5 Billion Water Plan in Focus
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United Utilities Group PLC’s £800 Million Raise Puts Its £11.5 Billion Water Plan in Focus

United Utilities raised £800 million by issuing 60.98 million new shares at 1,312 pence each, with trading set to begin May 5. The funds will support an expanded £11.5 billion investment programme through 2030. Shares fell 2.8% Friday after the fundraising, despite an 11% surge the previous day. The company reported annual underlying revenue of £2.58 billion and profit after tax of £730 million.
May 3, 2026
Weir Group PLC Shares Slide After CEO Shake-Up: Order Growth Becomes the Test
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Weir Group PLC Shares Slide After CEO Shake-Up: Order Growth Becomes the Test

Weir Group shares fell 2.03% to £26.00 on Friday, extending losses after a trading update showed first-quarter organic orders down 3%, despite total group orders rising 4% at constant currency. Minerals division head Andrew Neilson will replace CEO Jon Stanton on August 1. The Minerals unit, which makes up over 71% of revenue, also saw a 3% drop in organic orders.
May 2, 2026
Airtel Africa’s $2 Billion Airtel Money IPO Plan Puts London Listing Back in Play
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Airtel Africa’s $2 Billion Airtel Money IPO Plan Puts London Listing Back in Play

Airtel Africa shares fell 0.39% in London after reports the company is preparing an IPO of its Airtel Money unit, aiming to raise $1.5–$2 billion and value the business at up to $10 billion. Airtel Africa reports full-year results May 8, giving management a chance to address IPO timing and structure. Airtel Money revenue rose 29.4% to $986 million in the nine months to December 2025.
May 2, 2026
BAE Systems Faces £120 Million Lawsuit as Fresh Arms Sales Put Defence Giant in Spotlight
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BAE Systems Faces £120 Million Lawsuit as Fresh Arms Sales Put Defence Giant in Spotlight

BAE Systems faces a £120 million legal claim in the UK High Court from Kenya’s EnComm Aviation over the withdrawal of support for Advanced Turbo-Prop aircraft used in African aid flights. EnComm alleges the move forced cancellation of humanitarian contracts and left its aircraft fleet nearly worthless. The case comes as BAE is named in new U.S.-backed arms sales to Qatar, Israel, and the UAE. BAE declined to comment on the ongoing litigation.
May 2, 2026
British American Tobacco Share Count Moves Again as BAT Buyback, Dividend Draw Focus
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British American Tobacco Share Count Moves Again as BAT Buyback, Dividend Draw Focus

British American Tobacco allotted 19,950 new ordinary shares in April under its Sharesave Scheme, bringing total voting shares to 2,169,936,467 as of April 30. The company bought back and cancelled 260,511 shares over April 23–24 at prices above 4,200 pence. BAT declared a 245.04 pence dividend for 2025, with the first payment due May 7. Shares closed at 4,329 pence in London on May 1.
May 2, 2026
Legal & General Just Got FCA Approval To Nudge Pension Savers Out Of Cash
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Legal & General Just Got FCA Approval To Nudge Pension Savers Out Of Cash

Legal & General Group has received FCA approval to deliver targeted support to workplace pension members, starting with those holding retirement pots fully in cash. The FCA launched the regime on April 6, aiming to address gaps in advice for 23 million consumers. L&G reported £114 billion in workplace pension assets under administration, up 21%. The firm bought back 14.5 million shares this week for cancellation.
May 2, 2026
National Grid plc’s 585 km Grid Upgrade Could Cut £50 Million From UK Power Bottlenecks
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National Grid plc’s 585 km Grid Upgrade Could Cut £50 Million From UK Power Bottlenecks

National Grid will install dynamic line rating technology on 585 km of high-voltage lines in England and Wales, aiming to save consumers up to £50 million over five years. The rollout targets key north-to-south routes and is expected to finish by 2028. Britain’s system operator warns grid balancing costs could quadruple to £8 billion a year by 2030 without faster upgrades. Some sensors will be installed by drones on live lines.
May 2, 2026
London Stock Exchange Group plc’s Share Count Puts £3 Billion Buyback Back in Focus
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London Stock Exchange Group plc’s Share Count Puts £3 Billion Buyback Back in Focus

London Stock Exchange Group set its total voting rights at 493,222,493, with issued share capital at 514,674,092 ordinary shares as of April 30. The company has bought back £1.1 billion of stock this year and aims for £3 billion by February 2027. LSEG shares closed at £96.24 on May 1, up 0.77% that day but down 16.8% over 52 weeks. The London Stock Exchange will close May 4–5 for the Early May bank holiday.
May 2, 2026
Diploma PLC Nears Year High Before May Results — The Margin Test Investors Can’t Ignore
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Diploma PLC Nears Year High Before May Results — The Margin Test Investors Can’t Ignore

Diploma PLC shares closed at 6,950p on May 1, near their year high and up 0.5%, ahead of half-year results due May 19. The company upgraded its 2026 organic revenue growth forecast to 9% in March and raised its margin outlook to 25%. Eight recent acquisitions are expected to add £20 million in annualised operating profit. The stock trades at a price-to-earnings ratio of 50.8 with a 0.89% dividend yield.
May 2, 2026
Wise PLC Class A Stock Heads for Nasdaq Switch After New Voting-Rights Filing
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Wise PLC Class A Stock Heads for Nasdaq Switch After New Voting-Rights Filing

Wise PLC Class A shares will trade for the last time on May 8 before Wise Group Class A shares begin trading in London and on Nasdaq on May 11. The company reported £49.4 billion in Q4 cross-border volume, up 26% year-on-year, and 11.3 million active customers. Wise’s market cap stood near £10.84 billion as of May 1. U.S. tax and regulatory risks remain flagged for shareholders.
May 2, 2026
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