Marcin Frąckiewicz

JD Sports Boardroom Fight: Chair Quits After Failed Move Against CEO
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JD Sports Boardroom Fight: Chair Quits After Failed Move Against CEO

JD Sports chair Andy Higginson resigned after failing to oust CEO Regis Schultz and secure full board support, the Financial Times reported. Shares fell in London following his departure. JD said there was no board split and majority shareholder Pentland continues to back Schultz. Higginson will step down after the July 21 AGM; Kath Smith is leading the search for a new chair.
April 24, 2026
Fortescue Shares Sink as Andrew Forrest’s US$680 Million Green Energy Bet Tests Investors
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Fortescue Shares Sink as Andrew Forrest’s US$680 Million Green Energy Bet Tests Investors

Fortescue approved a US$680 million Pilbara green-energy expansion targeting industrial and data centre clients. Shares fell 5.67% to A$19.78 despite record nine-month iron ore shipments of 148.7 million tonnes. FY26 shipment guidance remains at 195–205 million tonnes, but Iron Bridge output was cut after cyclone disruptions. C1 unit cost for hematite was US$18.29 per wet metric tonne.
April 24, 2026
London Stock Exchange Group’s Record Q1 Puts AI Doubts on the Back Foot
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London Stock Exchange Group’s Record Q1 Puts AI Doubts on the Back Foot

London Stock Exchange Group reported a 9.8% rise in first-quarter total income excluding recoveries to £2.42 billion, beating analyst expectations. The company raised its 2026 revenue-growth outlook after strong trading volumes and continued data business growth. LSEG shares rose up to 4% on Thursday but remain down about 12% over the past year. The group bought back £1.1 billion in shares during the quarter.
April 24, 2026
Porsche Exits Bugatti in Supercar Shake-Up as Rimac Takes the Wheel
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Porsche Exits Bugatti in Supercar Shake-Up as Rimac Takes the Wheel

Porsche has agreed to sell its 45% stake in Bugatti Rimac and 20.6% in Rimac Group to a consortium led by HOF Capital, ending its direct involvement with Bugatti. The sale follows a 93% drop in Porsche’s 2025 operating profit and is expected to close by the end of 2026, pending regulatory approval. Financial terms were not disclosed. BlueFive Capital is the largest investor in the HOF-led group.
April 24, 2026
HSBC Dividend Watch: May 5 Earnings Date Puts Cash Returns Back on the Line
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HSBC Dividend Watch: May 5 Earnings Date Puts Cash Returns Back on the Line

HSBC’s board will meet May 5 to approve first-quarter results and consider a first interim dividend, with any payout set for June 26 to shareholders on record as of May 15. The dividend amount is not yet disclosed. HSBC shares fell over 1% Friday as UK bank stocks weakened. Citigroup expects HSBC to post $10.3 billion underlying pretax profit for the quarter, up 19% from Q4.
April 24, 2026
RELX PLC Stock Gets Fresh AI Test After £350 Million Buyback and 2026 Outlook Reassurance
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RELX PLC Stock Gets Fresh AI Test After £350 Million Buyback and 2026 Outlook Reassurance

RELX launched a new £350 million share buyback and reaffirmed its 2026 outlook after reporting strong early-year growth across all business areas. Shares slipped 0.45% to 2,672 pence on Friday amid ongoing concerns about AI competition, highlighted by a new Anthropic-Freshfields legal AI partnership. RELX said its own AI-enabled products are driving sales. No first-quarter numbers were released.
April 24, 2026
KPMG Cuts 10% of U.S. Audit Partners After Retirement Push Falls Short
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KPMG Cuts 10% of U.S. Audit Partners After Retirement Push Falls Short

KPMG will cut about 10% of its U.S. audit partners, affecting roughly 100 senior staff, after earlier voluntary-retirement efforts fell short. Partners learned of the move Wednesday. The firm’s U.S. audit business remains profitable, but KPMG cites overcapacity and changing staffing needs, partly due to AI. Departing partners will receive financial packages and job placement support.
April 24, 2026
Lynas Rare Earths Revenue Jumps 115% as U.S., Japan Lock In Non-China Supply
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Lynas Rare Earths Revenue Jumps 115% as U.S., Japan Lock In Non-China Supply

Lynas Rare Earths reported March-quarter sales of A$265 million, up 115% year-on-year, as buyers sought supply outside China. Average selling price reached A$84.60 per kg, with NdPr prices up 25% from the prior quarter. The company produced 3,233 metric tons of rare earth oxides and signed new supply deals with Japan and the U.S. Rising input costs remain a concern.
April 24, 2026
Northern Star Resources’ A$500 Million Buyback Tests Gold Miner’s Kalgoorlie Turnaround
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Northern Star Resources’ A$500 Million Buyback Tests Gold Miner’s Kalgoorlie Turnaround

Northern Star sold 380,807 ounces of gold in the March quarter at an all-in sustaining cost of A$2,709 an ounce, generating A$2.01 billion in revenue. The company will begin a planned A$500 million share buyback around April 23 and maintained full-year guidance above 1.5 million ounces. Jarden cut its price target to A$22.30. Northern Star warned output remains heavily tied to throughput at the Kalgoorlie mill.
April 24, 2026
PLS Group’s $600 Million Bond Deal Gives the Lithium Miner a Longer Runway
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PLS Group’s $600 Million Bond Deal Gives the Lithium Miner a Longer Runway

PLS Group Limited closed a US$600 million senior unsecured notes offering maturing in 2031 at 6.875%, using proceeds to repay A$375 million in bank debt and reduce its credit facility. The notes were sold to institutional and offshore investors and are guaranteed by subsidiaries. Shares fell 4.05% to A$5.68 after the announcement. Sullivan & Cromwell said it was the first such high-yield bond by an Australian miner since 2021.
April 24, 2026
Qantas Beats Virgin On Punctuality As Fuel Shock And Fare War Bite
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Qantas Beats Virgin On Punctuality As Fuel Shock And Fare War Bite

Qantas and QantasLink led Virgin Australia in March on-time arrivals and departures, according to new federal data. Qantas posted 81.9% on-time departures and 80.1% arrivals, ahead of Virgin’s 78.7% and 77.7%. Virgin had a lower cancellation rate at 1.8%, compared to Qantas’ 3.2%. The results come as Qantas launches a domestic fare sale and manages higher fuel costs.
April 24, 2026
S&P 500, Nasdaq Records Face $105 Oil Test as AI Rally Meets Iran War Risk
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S&P 500, Nasdaq Records Face $105 Oil Test as AI Rally Meets Iran War Risk

U.S. stocks fell Thursday, with the Dow down 180.70 points to 49,309.33, the S&P 500 off 0.41%, and the Nasdaq dropping 0.89%, as Brent crude settled at $105.07 and investors reacted to renewed U.S.-Iran tensions. ServiceNow shares plunged 17.7%, IBM lost 8.3%, and Tesla slid 3.6% after announcing higher capital spending. Japan’s Nikkei briefly topped 60,000 before closing lower.
April 24, 2026
NAB Tests Tokenised Deposits With Stablecoins in RBA Trial as Australia’s New Digital Asset Law Takes Hold
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NAB Tests Tokenised Deposits With Stablecoins in RBA Trial as Australia’s New Digital Asset Law Takes Hold

National Australia Bank completed a test issuing and maturing a tokenised term deposit using stablecoins under Project Acacia, a digital-money initiative with the Reserve Bank of Australia. The transactions took place on a marketplace licensed by ASIC. The update comes as new digital asset laws take effect and the RBA prepares to release its final Acacia report. NAB said the project highlighted both opportunities and risks for tokenised banking.
April 24, 2026
Macquarie Group’s €125 Million Lyntia Deal Lands as Private Credit Jitters Grow
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Macquarie Group’s €125 Million Lyntia Deal Lands as Private Credit Jitters Grow

Macquarie Asset Management has provided €125 million to lyntia as part of a €1.4 billion refinancing for the Iberian telecom infrastructure operator. The funding extends lyntia’s debt maturities up to 12 years and adds a new investment facility. The deal comes as private credit fundraising slumps, with first-quarter direct-lending totals at a three-year low. Macquarie remains active in European private debt markets.
April 23, 2026
ANZ’s First AI Chief From HSBC Lands Days Before a Crucial Earnings Test
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ANZ’s First AI Chief From HSBC Lands Days Before a Crucial Earnings Test

ANZ Group has hired Kai Yang from HSBC as its first chief data and AI officer, with Yang set to join in July. The move comes days before ANZ’s May 1 first-half results, a key moment for CEO Nuno Matos’ restructuring plan. Yang previously held senior data roles at both HSBC and Commonwealth Bank. Rivals Commonwealth Bank and Westpac are also expanding AI use in banking operations.
April 23, 2026
Westpac Banking Corporation Raises Fixed Mortgage Rates Again as Borrowers Face RBA Test
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Westpac Banking Corporation Raises Fixed Mortgage Rates Again as Borrowers Face RBA Test

Westpac has raised fixed home-loan rates by 15 basis points, taking its lowest two-year fixed offer to 6.29%. All major Australian banks have increased fixed rates since the March RBA decision. Westpac economists expect three more RBA rate hikes by August. The bank’s net interest margin fell to 7 basis points in Q2, and transaction costs from a mortgage portfolio sale will cut net profit by A$75 million.
April 23, 2026
Commonwealth Bank of Australia Set to Cut 119 Jobs Again as AI Push Deepens, Bankwest Hit
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Commonwealth Bank of Australia Set to Cut 119 Jobs Again as AI Push Deepens, Bankwest Hit

Commonwealth Bank of Australia will cut 119 jobs, according to the Finance Sector Union, as it increases automation and AI use. The bank did not confirm the figure but acknowledged some roles are being reduced. The move follows record first-half cash profit of A$5.45 billion in February. Other major Australian banks have also announced job cuts tied to technology changes in recent months.
April 23, 2026
Cochlear Shares Extend Rout After FY26 Profit Cut, Weak Demand Warning
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Cochlear Shares Extend Rout After FY26 Profit Cut, Weak Demand Warning

Cochlear slashed its fiscal 2026 profit forecast to A$290 million–A$330 million, down from A$435 million–A$460 million, citing weaker implant demand and Middle East conflict uncertainty. Shares plunged 40.7% Wednesday and fell another 4.6% Thursday to A$95.00. The company warned of flat developed-market revenue and possible order cancellations. Analysts called the downgrade “far worse than anticipated.”
April 23, 2026
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