Marcin Frąckiewicz

Rio Tinto’s Brazil Bauxite Bet Clears Key Permit as Mining Money Floods In
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Rio Tinto’s Brazil Bauxite Bet Clears Key Permit as Mining Money Floods In

Mineração Rio do Norte, backed by Rio Tinto, secured an installation licence from Brazil’s IBAMA for its Novas Minas bauxite project, allowing construction at five new sites in Pará. The permit supports MRN’s plan to invest 9 billion reais through 2041 and target annual output of 12.5 million metric tons. Norway’s sovereign wealth fund remains engaged over deforestation concerns tied to the project’s planned expansion.
April 30, 2026
GSK Shares Bounce After Shingrix Surge, But Investors Spot One Big Catch
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GSK Shares Bounce After Shingrix Surge, But Investors Spot One Big Catch

GSK shares rose 1.04% to 1,938 pence in London Thursday after a first-quarter profit beat, following a 5.42% drop Wednesday. Quarterly turnover climbed 5% to £7.63 billion, with Shingrix vaccine sales up 20% to £1 billion, beating forecasts. GSK held its 2026 guidance and did not raise its outlook. Investors questioned whether the earnings beat was driven by one-off factors.
April 30, 2026
Anglo American’s Teck Merger Nears Its Last Big Hurdle as Copper Race Heats Up
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Anglo American’s Teck Merger Nears Its Last Big Hurdle as Copper Race Heats Up

Anglo American said its merger with Teck Resources is on track for completion between September 2026 and March 2027, pending Chinese antitrust approval. Anglo shareholders passed all 21 AGM resolutions, and shares rose 1.15% to 3,555.50 pence. Anglo’s Q1 copper output rose 1% to 170,400 tonnes; Teck’s copper output jumped 32% to 140,000 tons. The combined company would rank among the world’s top five copper producers.
April 30, 2026
United Utilities Group PLC Stock Hits Record After £800m Equity Raise Plan
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United Utilities Group PLC Stock Hits Record After £800m Equity Raise Plan

United Utilities shares hit a record high Thursday after announcing an £800 million equity raise and lifting its 2025-30 capital investment target to £11.5 billion. The company’s preliminary results showed underlying revenue up 20.1% to £2.576 billion, with operating profit rising 34.8% to £1.060 billion. Shares of Pennon and Severn Trent also gained sharply. United Utilities submitted £1.4 billion in extra investment to Ofwat.
April 30, 2026
KPMG’s $60 Million Pentagon Blow Triggers Full Exit From U.S. Federal Audits
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KPMG’s $60 Million Pentagon Blow Triggers Full Exit From U.S. Federal Audits

KPMG will exit U.S. federal audit work after losing a $60 million-a-year Pentagon contract, redeploying over 450 staff as remaining federal audit contracts wind down by 2030. The Pentagon, which has failed eight consecutive audits, is under pressure to achieve a clean audit by 2028. KPMG said the move reflects a shift toward advisory services. The Army was its largest federal audit client.
April 30, 2026
Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada
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Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada

Apollo, Blackstone, and KKR remain in the running to buy a major stake in Shell’s LNG Canada project, a deal that could reach $15 billion, sources told Reuters. Shell this week agreed to acquire ARC Resources for $16.4 billion, adding supply near LNG Canada. Shell shares rose 0.87% in London after the news. The ARC deal is expected to close in the second half of 2026, pending approvals.
April 30, 2026
Why Severn Trent Plc Shares Jumped After United Utilities’ £11.5 Billion Water Bet
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Why Severn Trent Plc Shares Jumped After United Utilities’ £11.5 Billion Water Bet

Severn Trent shares jumped 6.7% after United Utilities unveiled an £11.5 billion investment plan and an £800 million share placing, lifting UK water stocks. United Utilities’ annual pretax profit more than doubled to £779 million, with revenue up 22%. Severn Trent’s own AMP8 plan was approved for £14.9 billion in spending. James Jesic became Severn Trent CEO on January 1.
April 30, 2026
Ofgem Shake-Up: UK Energy Bosses Face Bonus Ban as Regulator Gets New Powers
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Ofgem Shake-Up: UK Energy Bosses Face Bonus Ban as Regulator Gets New Powers

Britain will give Ofgem new powers to enforce consumer law directly and ban bonuses for energy executives who break rules. The overhaul comes as the energy price cap stands at £1,641 a year for a typical dual-fuel customer. Industry groups say questions remain about Ofgem’s culture and the legislative timeline. Ministers say the changes aim to address gaps in a more complex energy market.
April 30, 2026
Glencore PLC’s 19% Copper Jump Puts Trading Arm on Track to Beat Profit Target
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Glencore PLC’s 19% Copper Jump Puts Trading Arm on Track to Beat Profit Target

Glencore reported a 19% rise in first-quarter copper output to 199,600 metric tons and said its trading arm is set to exceed profit targets. Shares rose 2% in London after the update. Cobalt output dropped 39% due to export quotas in the Democratic Republic of Congo, with excess cobalt to be stockpiled. The company kept its 2026 copper production guidance unchanged.
April 30, 2026
National Grid plc’s £50 Million Grid Fix: New Line Sensors Aim to Cut UK Power Bottlenecks
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National Grid plc’s £50 Million Grid Fix: New Line Sensors Aim to Cut UK Power Bottlenecks

National Grid plc will install dynamic line rating technology on 585 km of transmission 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 will cover 39 circuits, mainly to ease grid congestion as Britain increases renewable power flows. The work involves LineVision, Ampacimon, and Heimdall Power under a five-year contract.
April 30, 2026
Barclays PLC Shares Slip as £228 Million MFS Hit Clouds Q1 Profit
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Barclays PLC Shares Slip as £228 Million MFS Hit Clouds Q1 Profit

Barclays reported a £228 million charge linked to the collapse of Market Financial Solutions, overshadowing a 3.3% rise in first-quarter pretax profit to £2.81 billion. The bank announced a £500 million share buyback, below analyst expectations, and shares fell nearly 1% by late morning in London. Credit impairment charges rose to £823 million. The FCA is investigating MFS, which entered administration in February.
April 30, 2026
Lloyds Banking Group Profit Jumps 33% as Iran War Risk Clouds UK Bank Outlook
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Lloyds Banking Group Profit Jumps 33% as Iran War Risk Clouds UK Bank Outlook

Lloyds Banking Group posted a 33% jump in first-quarter pretax profit to £2.025 billion, beating forecasts and raising its 2026 net interest income outlook. The bank took a £151 million charge tied to the Middle East conflict and warned the Iran war could hit growth. Customer loans rose to £486.2 billion, while deposits slipped to £495.9 billion. Half-year results and a new strategy update are due in July.
April 30, 2026
HSBC’s New India Wealth Boss Shows Where the Bank Wants Growth Next
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HSBC’s New India Wealth Boss Shows Where the Bank Wants Growth Next

HSBC appointed Gautam Anand to lead its Global India private banking division, overseeing wealthy clients in India and major hubs abroad. The announcement comes days before HSBC’s first-quarter earnings on May 5. Anand joined HSBC Private Bank in December 2023 and previously managed South Asian client coverage. HSBC relaunched its India private banking business last year, targeting high-net-worth clients.
April 30, 2026
Rolls-Royce Holdings Stock Rises As 2026 Profit Outlook Holds Despite Middle East Disruption
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Rolls-Royce Holdings Stock Rises As 2026 Profit Outlook Holds Despite Middle East Disruption

Rolls-Royce kept its 2026 profit and cash-flow forecasts unchanged after a strong first quarter, citing a 5% rise in large engine flying hours to 115% of 2019 levels. Shares rose 2% in early London trading. The company said it is absorbing Middle East conflict disruption and expects underlying operating profit of £4.0–£4.2 billion. Large engine deliveries increased 18% and shop visits rose 12% in the quarter.
April 30, 2026
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