Marcin Frąckiewicz

Westpac Banking Corporation Raises Mortgage Rates Again Before Crucial RBA Call
···

Westpac Banking Corporation Raises Mortgage Rates Again Before Crucial RBA Call

Westpac raised fixed home-loan rates by 15 basis points to a minimum of 6.29%, the second hike in three weeks, citing higher funding and inflation risk. The bank also increased term deposit rates, with a 24-month offer up to 5.20%. More than 90% of lenders have lifted at least one fixed rate since the Reserve Bank’s March decision. Westpac shares closed at A$39.01 on Friday, down 0.28%.
April 24, 2026
IGO’s Greenbushes Warning Hits Lithium Stock Just as Prices Turn Higher
···

IGO’s Greenbushes Warning Hits Lithium Stock Just as Prices Turn Higher

IGO Limited cut full-year production guidance for the Greenbushes lithium mine to 1.375–1.425 million tonnes and raised cost forecasts, citing lower feed grade and maintenance outages. Shares fell by double digits after the update. Quarterly revenue rose 45% to A$119.7 million, but the company flagged systemic performance issues at Greenbushes. Kwinana refinery posted an A$8 million EBITDA loss.
April 24, 2026
Woodside Energy Group Gas Tax Warning Puts LNG Growth Plans On The Line
···

Woodside Energy Group Gas Tax Warning Puts LNG Growth Plans On The Line

Woodside Energy warned Australian senators a proposed 25% gas export tax could make new projects unviable, adding to existing company and resource taxes. CEO Liz Westcott said Scarborough LNG remains on track for late 2026. Industry groups argued the levy would hurt investment, while supporters claimed it could raise A$17 billion a year. At Woodside’s annual meeting, 34.5% of votes opposed Westcott’s 2026 incentive award.
April 24, 2026
Google’s $40 Billion Anthropic Bet Sharpens the AI Compute Race
···

Google’s $40 Billion Anthropic Bet Sharpens the AI Compute Race

Google will invest up to $40 billion in Anthropic, starting with $10 billion at a $350 billion valuation and up to $30 billion more tied to performance. Anthropic’s annualized revenue has surpassed $30 billion, up from $9 billion at the end of 2025. Google and Anthropic have a five-year data-center deal that could reach $200 billion. Amazon separately announced up to $25 billion in new investment in Anthropic this week.
April 24, 2026
National Australia Bank Settles Federal Court Fight, but Credit Costs Are the Bigger Test
···

National Australia Bank Settles Federal Court Fight, but Credit Costs Are the Bigger Test

National Australia Bank and the Finance Sector Union settled a Federal Court case over excessive work hours, with no admission of liability. The deal gives NAB workers new protections against unreasonable hours and union oversight. NAB is due to report first-half results May 4 and expects A$706 million in credit impairment charges. The ASX cash market is closed for Anzac Day; NAB last traded at A$40.08.
April 24, 2026
CSL Shares Near Nine-Year Low After Pentagon Flu Shot U-Turn Tests Buyback
···

CSL Shares Near Nine-Year Low After Pentagon Flu Shot U-Turn Tests Buyback

CSL shares closed at A$130 on Friday, near a nine-year low, after the U.S. military made annual flu shots voluntary, raising concerns over CSL Seqirus’s vaccine sales. The company disclosed a A$13.1 million share buyback on April 23. U.S. military flu vaccine uptake had been a key channel for Seqirus. CSL reported a 4% drop in first-half revenue and kept its 2026 growth guidance.
April 24, 2026
Commonwealth Bank Job Cuts: Why CBA’s AI Push Is Hitting Bankwest Now
···

Commonwealth Bank Job Cuts: Why CBA’s AI Push Is Hitting Bankwest Now

Commonwealth Bank of Australia plans to cut about 119 jobs, including 43 at Bankwest, amid increased use of automation and artificial intelligence. The Finance Sector Union said six roles were directly impacted by automation and warned of further job losses. CBA has not formally announced the cuts but said its workforce grew by 2,500 in 2025. The bank recently deployed an AI system to detect payment fraud.
April 24, 2026
BHP Group’s China Iron Ore Truce Comes With a Pricing Catch
···

BHP Group’s China Iron Ore Truce Comes With a Pricing Catch

BHP Group has agreed to price its Jimblebar Fines iron ore using a Chinese index, settling a dispute with China Mineral Resources Group, according to sources cited by Energy News and Reuters. The deal includes a weighted average of four price indices and a 1.8% discount on some cargoes. BHP’s Western Australia Iron Ore unit produced 69.8 million tons in the March quarter, beating estimates. BHP declined to comment on the reported terms.
April 24, 2026
Royal-Worn Russell & Bromley Shuts More Stores As Next Rescue Leaves Shoe Chain With Three Shops
···

Royal-Worn Russell & Bromley Shuts More Stores As Next Rescue Leaves Shoe Chain With Three Shops

Russell & Bromley has closed more UK stores this week, including Covent Garden, as part of a wider shutdown following its January administration. Next bought the brand, intellectual property, and three stores for £2.5 million, leaving 33 stores and nine concessions outside the deal. Administrators are offering discounts of up to 90% at closing sites, and gift cards are no longer accepted. The company posted an EBITDA loss of £12.1 million in 11 months to November 2025.
April 24, 2026
United Utilities Group PLC’s £34 Million River Irwell Cleanup Comes With a Bill-Payer Test
···

United Utilities Group PLC’s £34 Million River Irwell Cleanup Comes With a Bill-Payer Test

United Utilities has launched over £34 million in water-quality projects around Bury, Prestwich, and Whitefield, aiming to reduce storm overflow discharges into the River Irwell. The company is spending £28 million at Bury wastewater treatment works on new storm tanks due in June. United Utilities shares closed at 1,339.50 pence, down 0.37% on the day. Full-year results are due May 14.
April 24, 2026
ConvaTec Shares Drop Again as Wound-Care Warning Puts 2026 Growth Plan in Focus
···

ConvaTec Shares Drop Again as Wound-Care Warning Puts 2026 Growth Plan in Focus

Convatec shares fell 1.69% to £2.21 in London Friday, closing nearly 30% below their 52-week high as investors reacted to weakness in the wound-care market. The drop followed Coloplast’s cut to its 2025/26 outlook and a DKK 3 billion impairment on its Kerecis business. Convatec expects InnovaMatrix revenue to fall to $20 million in 2026 due to U.S. Medicare changes.
April 24, 2026
Bunzl Shares Rise Again After Q1 Update: What the North America Rebound Means
···

Bunzl Shares Rise Again After Q1 Update: What the North America Rebound Means

Bunzl shares closed up 0.91% at 2,447 pence in London on Friday, rising for a third straight session after the company maintained its 2026 outlook. First-quarter revenue rose 1.5% at constant exchange rates, while underlying revenue climbed 2.0%. North America, Bunzl’s largest region, saw underlying growth slightly ahead of the group. Adjusted operating profit met management’s expectations.
April 24, 2026
Jet2 Makes Major Summer Flight Price Promise As Fuel Fears Hit UK Holidays
···

Jet2 Makes Major Summer Flight Price Promise As Fuel Fears Hit UK Holidays

Jet2 said Friday it will no longer add post-booking surcharges to flights or package holidays, guaranteeing the price paid at booking, with resort taxes excluded. The move comes as rivals including British Airways owner IAG raise fares to offset rising jet fuel costs. The UK government said airlines are not yet facing a jet fuel shortage but relaxed airport slot rules in case of future disruptions. Jet2 has 20 million seats on sale for summer 2026, up 8% from last year.
April 24, 2026
Tesco PLC Buyback Starts: £750 Million Return Moves Ahead as War Risk Clouds Grocery Outlook
···

Tesco PLC Buyback Starts: £750 Million Return Moves Ahead as War Risk Clouds Grocery Outlook

Tesco bought 415,797 shares for cancellation on April 23 as part of a new £750 million buyback, paying an average 481.00 pence each. The company has acquired 822,350 shares for about £4 million since the programme began. Tesco shares closed up 0.89% while the FTSE 100 fell 0.75%. The grocer reported £66.59 billion in annual sales and a 28% market share.
April 24, 2026
Rio Tinto plc’s ERA Court Fight Puts Ranger Mine Cleanup Back in Focus
···

Rio Tinto plc’s ERA Court Fight Puts Ranger Mine Cleanup Back in Focus

A Federal Court decision is pending on Rio Tinto’s attempt to compulsorily acquire the remaining shares of Energy Resources of Australia, after 123 shareholders filed objections above the legal threshold. ERA spent $47 million on Ranger uranium mine rehabilitation in the March quarter, with Pit 3 capping work delayed by weather and permit issues. ERA reported $211.5 million in cash at March 31.
April 24, 2026
Australia Stock Market Today: ASX 200 Slides Again as Oil Shock Hits Miners, Banks and Risk Appetite
···

Australia Stock Market Today: ASX 200 Slides Again as Oil Shock Hits Miners, Banks and Risk Appetite

The S&P/ASX 200 closed down 0.08% at 8,786.50 on Friday, capping a 1.8% weekly drop—its worst since mid-March. Miners and gold stocks fell, offsetting gains in energy and utilities. Fortescue dropped 5.7% after cutting Iron Bridge guidance and announcing a $680 million Pilbara investment. Brent crude traded above $105 a barrel, fueling investor caution amid Middle East tensions.
April 24, 2026
UK Stock Market Today: FTSE 100 Slides as Oil Shock, Iran Tensions and BoE Warning Bite
···

UK Stock Market Today: FTSE 100 Slides as Oil Shock, Iran Tensions and BoE Warning Bite

The FTSE 100 fell 0.8% to 10,379.08 on Friday, erasing gains made after the U.S.-Iran ceasefire, while the FTSE 250 also dropped 0.8%. Bank of England Deputy Governor Sarah Breeden warned that asset prices may not reflect global risks. Wizz Air lost 3.3%, AstraZeneca dropped 3.7%, and Mondi plunged 11.1% after a cost warning. Retail sales rose 0.7% in March, mostly due to higher fuel purchases.
April 24, 2026
1 … 45 46 47 48 49 … 175