Marcin Frąckiewicz

National Grid Results: The £70 Billion Question Facing the UK Utility Before Earnings
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National Grid Results: The £70 Billion Question Facing the UK Utility Before Earnings

National Grid shares rose 0.33% in London on Friday ahead of its May 14 full-year results and scrutiny of its £70 billion investment plan. The company flagged a net hit of about 1 pence to EPS from U.S. regulatory refunds and storm costs but said annual performance was in line with expectations. Ofgem has approved £28 billion in UK network upgrades for 2026-2031. National Grid accepted the RIIO-T3 settlement in March.
May 9, 2026
Commerzbank’s 3,000-Job Cut Bet Could Decide the UniCredit Takeover Fight
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Commerzbank’s 3,000-Job Cut Bet Could Decide the UniCredit Takeover Fight

Commerzbank will cut up to 3,000 more jobs and raised profit targets for 2026 and 2030 as it resists UniCredit’s takeover bid. UniCredit’s all-share offer values Commerzbank below its market price, and Berlin, labor leaders, and regulators have joined the dispute. UniCredit holds just under 30% of Commerzbank and seeks to cross Germany’s takeover threshold. Commerzbank reported Q1 net profit of €913 million, up 9%.
May 8, 2026
Elon Musk’s SpaceX Is Now Powering Claude After Anthropic’s 80-Fold AI Surge
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Elon Musk’s SpaceX Is Now Powering Claude After Anthropic’s 80-Fold AI Surge

Anthropic has leased all computing capacity at SpaceX’s Colossus 1 data center in Memphis, securing access to over 220,000 Nvidia GPUs and 300 megawatts of power within a month. The move follows an 80-fold surge in Claude usage and revenue in Q1, which outpaced infrastructure and led to outages and limits. Anthropic is now doubling Claude Code rate limits and lifting peak-hour restrictions for subscribers.
May 8, 2026
Apple Mother’s Day Sale Joins Flipkart and Amazon Rush: iPhone, MacBook Discounts to Watch
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Apple Mother’s Day Sale Joins Flipkart and Amazon Rush: iPhone, MacBook Discounts to Watch

Apple launched a Mother’s Day cashback offer of up to ₹10,000 on select products in India, coinciding with Amazon’s Great Summer Sale and Flipkart’s Sasa Lele event. Smartphone shipments in India may drop 10%-12% in 2026 as memory chip prices rise. Flipkart and Amazon are offering aggressive phone discounts and bank offers. Apple’s cashback applies to specific models and select credit cards.
May 8, 2026
Intertek Rejects EQT’s $12 Billion Takeover Bid—Now the Clock Is Ticking
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Intertek Rejects EQT’s $12 Billion Takeover Bid—Now the Clock Is Ticking

Intertek Group rejected EQT’s £8.93 billion takeover bid, saying the £58-a-share cash offer undervalued the company and was too conditional. EQT must make a firm offer by 5 p.m. London time on May 14 or withdraw. Intertek shares closed down 2.7% at 4,910 pence, below EQT’s proposal. The company is pursuing a possible split of its Energy & Infrastructure unit instead.
May 8, 2026
KPIT Founder Ravi Pandit Dies In Pune — Why The Auto-Software Firm Is Now In Focus
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KPIT Founder Ravi Pandit Dies In Pune — Why The Auto-Software Firm Is Now In Focus

KPIT Technologies founder and chairman S.B. (Ravi) Pandit died in Pune on Friday, the company said in a regulatory filing. The cause of death was not disclosed and no successor was named. KPIT reported Q4FY26 revenue of $185 million and $349 million in new deals, but shares had fallen the previous day after a 33% drop in quarterly profit. Markets were closed at the time of the announcement.
May 8, 2026
National Grid’s New 2026 Grid Map Puts £70 Billion Upgrade Plan Under Fresh Investor Pressure
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National Grid’s New 2026 Grid Map Puts £70 Billion Upgrade Plan Under Fresh Investor Pressure

National Grid’s distribution arm published its 2026 Network Development Plan, outlining where local grid upgrades may be needed over the next decade. The release comes ahead of full-year results and after JPMorgan cut its price target to 1,440 pence. Shares rose 0.41% to 1,278.60 pence on Friday. Investors remain focused on U.S. storm costs, refund charges, and UK grid spending.
May 8, 2026
Rocket Lab Stock (RKLB) Surges After Record Q1 Revenue, Biggest Launch Deal And U.S. Defense Wins
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Rocket Lab Stock (RKLB) Surges After Record Q1 Revenue, Biggest Launch Deal And U.S. Defense Wins

Rocket Lab shares jumped 28% to $100.78 after reporting record quarterly revenue of $200.3 million and a narrowed net loss of $45 million. The company disclosed a $2.2 billion backlog and signed its largest launch contract to date, including five Neutron and three Electron launches. Rocket Lab also won a $30 million hypersonic test launch deal from Anduril and was selected for a U.S. Space Force missile-defense project.
May 8, 2026
Xbox Project Helix Update Coming This Year as PS6 Price Doubts Shake Console Race
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Xbox Project Helix Update Coming This Year as PS6 Price Doubts Shake Console Race

Microsoft said it will share more details on Project Helix, its next-generation Xbox console, later this year after a developer event offered no new information. Rising memory-chip prices are pressuring console makers, with Sony and Nintendo also affected. Project Helix will use a custom AMD chip and is designed for both Xbox and PC games. Microsoft has not announced a launch date or price.
May 8, 2026
Australia Stock Market Today: ASX’s $50 Billion Wipeout Hits Banks as Oil Risk Returns
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Australia Stock Market Today: ASX’s $50 Billion Wipeout Hits Banks as Oil Risk Returns

Australian shares posted their steepest one-day drop in seven weeks Friday, with the S&P/ASX 200 falling 1.51% to 8,744.4 after renewed U.S.-Iran fighting. Financials slid 2.25%, and the market saw a near-$50 billion loss. Macquarie Group’s profit jumped 30%, but its shares retreated after hitting a record. Tabcorp shares plunged 28% following AUSTRAC’s anti-money-laundering probe.
May 8, 2026
Rolls-Royce Stock Faces a New Test as Hybrid Mining Push Moves Beyond Jet Engines
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Rolls-Royce Stock Faces a New Test as Hybrid Mining Push Moves Beyond Jet Engines

Rolls-Royce will start field tests of a hybrid drive system for mining trucks in autumn 2026, aiming to cut fuel use and emissions by up to 30%. Power Systems order intake jumped about 50% in Q1, with a £7.3 billion backlog at March’s end. Shares closed at 1,218.26p Friday, down 3.24% after a volatile week. The company kept its 2026 profit guidance unchanged despite Middle East-related disruptions.
May 8, 2026
Alphabet’s AI Boom Puts Nvidia’s $5 Trillion Market-Cap Crown In Play
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Alphabet’s AI Boom Puts Nvidia’s $5 Trillion Market-Cap Crown In Play

Nvidia shares rose 2.3% to $216.45 midday Friday, valuing the company at $5.30 trillion and keeping it ahead of Alphabet, which gained 0.2% to $398.85 for a $4.83 trillion valuation. Alphabet’s Google Cloud revenue jumped 63% to $20 billion in the first quarter, with CEO Sundar Pichai citing enterprise AI as its main growth driver. Alphabet began selling its own AI chips but continues to use Nvidia GPUs.
May 8, 2026
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