Marcin Frąckiewicz

Rio Tinto plc Eyes a Bigger Argentina Copper Bet as Los Azules Talks Surface
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Rio Tinto plc Eyes a Bigger Argentina Copper Bet as Los Azules Talks Surface

Rio Tinto is considering increasing its 17.2% stake in McEwen Copper’s Los Azules project in Argentina, according to two industry sources. The move follows the collapse of Glencore merger talks and comes as copper demand rises. Rio holds its stake via Nuton LLC, which uses bio-leaching technology. London trading is closed until Monday, leaving investors to react after the weekend.
May 9, 2026
National Grid’s New 2026 Grid Plan Could Be the Stock’s Next Big Test
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National Grid’s New 2026 Grid Plan Could Be the Stock’s Next Big Test

National Grid’s distribution business published a 10-year Network Development Plan on Friday, detailing how local electricity networks will handle rising demand and new connections. The plan features a digital map showing network capacity, constraints, and potential fixes. National Grid shares closed up 0.33% ahead of full-year results due May 14, while the FTSE 100 fell 0.4%.
May 9, 2026
GSK Wins Court Ruling in Pfizer-BioNTech Covid Vaccine Patent Fight
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GSK Wins Court Ruling in Pfizer-BioNTech Covid Vaccine Patent Fight

A U.S. judge dismissed Acuitas Therapeutics’ attempt to clear Pfizer and BioNTech’s Comirnaty vaccine of GSK patent claims, citing lack of jurisdiction, Bloomberg Law reported Friday. The decision keeps the focus on GSK’s main Delaware lawsuit alleging Comirnaty infringes mRNA-vaccine patents. Pfizer has pledged to defend its position. The ruling does not address whether infringement occurred.
May 9, 2026
Australia Stock Market This Week: ASX 200 Dodges Fourth Weekly Loss Despite $43 Billion Friday Rout
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Australia Stock Market This Week: ASX 200 Dodges Fourth Weekly Loss Despite $43 Billion Friday Rout

The S&P/ASX 200 fell 1.51% on Friday to 8,744.4 but ended the week up 0.2%, its first weekly gain in a month. The Reserve Bank of Australia raised rates to 4.35% amid inflation pressure from higher fuel prices linked to Middle East tensions. Ten of 11 sectors dropped Friday, with banks and resource stocks sliding. Macquarie posted a record profit but shares reversed after hitting a high.
May 9, 2026
UK Stock Market Today: FTSE 100 Drops for Third Week as Gulf Tension and UK Politics Bite
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UK Stock Market Today: FTSE 100 Drops for Third Week as Gulf Tension and UK Politics Bite

The FTSE 100 closed 0.4% lower at 10,233.07 on Friday, marking its third straight weekly loss, while the FTSE 250 slipped 0.2%. Political uncertainty grew after Labour’s local election losses, with Prime Minister Keir Starmer naming Gordon Brown as an adviser. IAG shares dropped on a profit warning tied to higher jet fuel costs. UK 10-year gilt yields eased to 4.895% after Starmer pledged to serve his term.
May 9, 2026
BAE Systems Stock Falls Again as Defence Boom Meets a Harder Market Test
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BAE Systems Stock Falls Again as Defence Boom Meets a Harder Market Test

BAE Systems shares fell 2.91% to 1,933.80 pence on Friday, following a 4.68% drop Thursday, despite the company maintaining guidance for 9% to 11% earnings growth in 2026. The stock decline comes after a strong run and amid concerns over high valuations and the ability to convert military demand into contracts and cash. BAE reported a record £83.6 billion order backlog entering 2026.
May 9, 2026
RELX PLC Stock Faces Fresh AI Test After Dividend Date and Morgan Stanley Cut
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RELX PLC Stock Faces Fresh AI Test After Dividend Date and Morgan Stanley Cut

RELX shares closed at 2,460 pence in London on May 8, down 0.08% after a 6.21% ex-dividend drop and a Morgan Stanley downgrade. The broker cut its rating to “equal-weight” and lowered its target price, citing rising AI competition. RELX reported 2025 revenue of £9.59 billion, up 7% underlying, and plans £2.25 billion in buybacks for 2026. The 2025 final dividend is 48.00 pence a share, payable June 18.
May 9, 2026
Barclays Just Started Another Buyback. The £500 Million Move Puts Its Capital Plan Back in Focus
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Barclays Just Started Another Buyback. The £500 Million Move Puts Its Capital Plan Back in Focus

Barclays PLC finished a £1 billion share buyback and launched a new £500 million programme on May 8, following shareholder approval at its annual meeting. The bank repurchased 234.9 million shares at an average 425.8 pence and will cancel them. Shares closed at 435 pence Friday, down 0.08%. A tribunal on the £9.1 billion car-finance compensation scheme is unlikely before October, the FCA said.
May 9, 2026
London Stock Exchange Group Stock Falls as LSEG’s AI Data Push Faces Investor Test
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London Stock Exchange Group Stock Falls as LSEG’s AI Data Push Faces Investor Test

London Stock Exchange Group shares closed down 1.61% at £90.38 on Friday, underperforming the FTSE 100, before trading paused for the weekend. Volume was about half the 50-day average. The drop follows a record first-quarter update and a £1.1 billion buyback, but the stock remains well below its year high amid investor concerns over AI’s impact on LSEG’s data business.
May 9, 2026
BP PLC’s Big Reset Is Here: Meg O’Neill Starts June Overhaul as Carbon Capture Stakes Go on Block
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BP PLC’s Big Reset Is Here: Meg O’Neill Starts June Overhaul as Carbon Capture Stakes Go on Block

BP CEO Meg O’Neill told staff the company will reorganize in June, returning to a structure focused on upstream and downstream units. BP is also selling part of its stakes in two UK carbon capture projects as construction begins. Net debt rose to $25.3 billion in the first quarter. The company did not disclose buyers or the size of the stakes for sale.
May 9, 2026
HSBC Holdings Plc Says $400 Million Fraud Hit Is Isolated. Investors Want to Know Why.
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HSBC Holdings Plc Says $400 Million Fraud Hit Is Isolated. Investors Want to Know Why.

HSBC set aside $400 million for potential fraud losses tied to private credit loans, rattling investors and prompting a review of similar exposures, Chairman Brendan Nelson told shareholders. The provision contributed to a slip in first-quarter pretax profit to $9.4 billion. HSBC has not named the company involved. Shares in London and Hong Kong fell, while New York shares rose.
May 9, 2026
Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure
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Unilever PLC’s $65 Billion McCormick Deal Faces Fresh ESG Investor Pressure

Some Unilever investors are demanding strict sustainability and deforestation standards for the $65 billion foods merger with McCormick & Co. McCormick would control a larger supply chain with greater exposure to agricultural risks. Unilever says 97% of its key commodities were deforestation-free in 2025, while McCormick is updating its sustainability program. The deal is expected to close by mid-2027.
May 9, 2026
Shell’s $6.9 Billion Profit Beat Has a Catch: Lower Buybacks and Qatar Risk
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Shell’s $6.9 Billion Profit Beat Has a Catch: Lower Buybacks and Qatar Risk

Shell began a $3 billion share buyback after reporting first-quarter adjusted earnings of $6.92 billion, beating analyst expectations. The company raised its dividend by 5% to $0.3906 a share but cut the buyback from $3.5 billion last quarter. Net debt increased to $52.6 billion as cash flow from operations dropped to $6.1 billion. China’s April crude imports fell 20% amid Middle East supply disruptions.
May 9, 2026
NAB Profit Miss Shows Why Australia’s Business Lending Boom Is Suddenly Under Pressure
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NAB Profit Miss Shows Why Australia’s Business Lending Boom Is Suddenly Under Pressure

National Australia Bank shares fell 2.91% to A$38.36 after reporting half-year cash earnings of A$2.64 billion, missing estimates. The bank booked a A$706 million credit impairment charge, including A$300 million for potential Middle East conflict losses. NAB increased loan-loss buffers and changed its software accounting, taking a A$949 million post-tax charge. The Reserve Bank of Australia raised rates to 4.35% this week.
May 9, 2026
Rio Tinto Eyes a Bigger Argentina Copper Bet as Los Azules Stakes Rise

Rio Tinto Eyes a Bigger Argentina Copper Bet as Los Azules Stakes Rise

Rio Tinto is considering increasing its 17.2% stake in McEwen Copper’s Los Azules project in Argentina, sources said. The project’s feasibility study values it at $2.9 billion after tax, but McEwen Copper is seeking $4 billion in funding and may pursue a $300 million IPO in late 2026. Rio’s first-quarter copper output rose 9% to 229,000 tonnes. Supply chain risks and community concerns remain.
May 9, 2026
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