Marcin Frąckiewicz

Marcin Frąckiewicz is the CEO of TS2 Space and a longtime technology entrepreneur focused on telecommunications, satellite communications and digital innovation. A graduate of the Warsaw School of Economics (SGH), he writes about space technology, artificial intelligence and publicly traded technology companies. His analysis covers major market trends, emerging technologies and the businesses shaping the future of the global economy.

BAT shares extend rally as FDA shift gives Vuse and Velo a cleaner U.S. read
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BAT shares extend rally as FDA shift gives Vuse and Velo a cleaner U.S. read

British American Tobacco moved higher in London Wednesday, building on a strong surge that set it apart during Tuesday’s sluggish trading. Shares traded at GBX 4,713.78 according to Google Finance, a 1.72% gain and close to the upper end of the morning’s moves—just shy of the 52-week peak at GBX 4,876.92. Investors reacted after U.S. regulators offered more clarity. The FDA’s latest enforcement guidance signals it won’t be targeting some e-cigarette and oral nicotine pouch products that haven’t secured final authorization yet, as long as their premarket applications are still pending. Those applications—required before companies can legally introduce new tobacco products—remain under review.
May 13, 2026
Rio Tinto’s Copper Rally Gets Real, but the Easy Part of the Trade May Be Done
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Rio Tinto’s Copper Rally Gets Real, but the Easy Part of the Trade May Be Done

Rio Tinto plc shares leapt at the open in London, changing hands at 8,197p after closing at 7,920p and even hitting 8,268p earlier. For a miner of Rio’s scale, that’s a sharp swing. Right now, the copper narrative is what’s moving the stock, with the rest trailing behind. It's straightforward, though there's more to it. Copper futures hovered near $6.64 a pound, climbing from $6.531 at the prior close and coming within a hair of $6.69 during the session. The contract has soared over 42% in the past year. Such a surge doesn't just juice current revenue for producers—investors are also reassessing how they value future mine output, especially with talk of supply staying tight long term.
May 13, 2026
Glencore Stock Rides Copper’s Record Push, but the Rally Still Has a Coal Problem
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Glencore Stock Rides Copper’s Record Push, but the Rally Still Has a Coal Problem

Glencore zeroed in on copper today, pushing everything else to the backseat. Shares in London kicked off at 580p, jumped to 593.50p—a fresh 52-week high per Google Finance. Investing.com pegged Glencore at 589.40p, well above yesterday’s 573.40p close, so the stock was up close to 3% early on. Not surprising to see this move. Copper futures traded near $6.64 a pound, up roughly 1.6%. Prices touched $6.69 during the session, hitting a 52-week high. Simply put, the market’s bidding up future copper deliveries on the view that supply’s scarce, and demand isn’t letting up.
May 13, 2026
Intertek’s EQT Rally Turns a Slow Valuation Argument Into Deal Math
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Intertek’s EQT Rally Turns a Slow Valuation Argument Into Deal Math

The board’s tone shifted, and Intertek’s chart followed. The shares jumped 365p to 5,665p by 09:10 BST, brushing close to a new 52-week high. They’d started the day at 5,710p, then moved between 5,660p and 5,722.41p. Even so, the price stayed below the total economic value in EQT’s offer—investors signaling they think the deal is probable, not guaranteed. “Minded” stood out in the morning’s updates. Intertek indicated it would be minded to back EQT’s final conditional proposal—if a firm offer lands with the same financial terms, and pending due diligence and signed agreements. That marks a notable departure from its outright rejection of previous bids at £51.50, £54, and £58 per share.
May 13, 2026
Goodman Holds Near A$30.87 as Data-Centre Bet Runs Into a Harder Rates Tape
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Goodman Holds Near A$30.87 as Data-Centre Bet Runs Into a Harder Rates Tape

Heading into Wednesday’s ASX trade, Goodman Group finds itself straddling an odd line—not just a warehouse landlord, but a real estate stock with a valuation that nods to the AI infrastructure frenzy. Shares ended Tuesday at A$30.87, barely budging after moving in a range from A$30.23 to A$30.97. That comes off a 2.05% gain on Monday, leaving the short-term chart looking like buyers are holding up the rally, not pressing for a fresh breakout.
May 13, 2026
CAR Group (ASX:CAR) Starts Wednesday Under Pressure as Higher Rates Test Its Marketplace Premium
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CAR Group (ASX:CAR) Starts Wednesday Under Pressure as Higher Rates Test Its Marketplace Premium

Sellers stayed at the wheel for CAR Group as trading kicked off on Wednesday, carrying over Tuesday’s pressure. The stock ended at A$26.02, down 35 cents—not a huge slide, but turnover easily cleared the usual average. Forget the number—what’s driving it is key. This isn’t a new profit warning, not really. What’s going on here is a reset: a well-regarded marketplace stock, previously trading at a premium, is getting marked down as investors juggle tax, rates, and shaky consumer demand—all at once.
May 13, 2026
Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout
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Woodside Rises With Oil, but Browse Costs Keep WDS From a Clean Breakout

Woodside Energy Group Ltd picked up 0.75% on Tuesday, closing at A$30.74 after starting the session at A$30.52 and touching A$30.96 at its peak—a move tied to the day’s commodity bid, though project headaches still linger. Santos eked out a 0.53% rise. BHP’s rally signaled resource stocks drawing fresh money. Oil led the move. Brent finished up 3.42% at $107.77, while WTI jumped 4.19% to $102.18, as optimism for a U.S.-Iran deal fizzled. For producers with a mix of LNG, oil, and condensate, pricier spot energy feeds forward into cash flow—well before those gains appear in earnings reports.
May 13, 2026
Northern Star’s 3% Rebound Tests Whether Gold Can Outrun KCGM Execution Risk
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Northern Star’s 3% Rebound Tests Whether Gold Can Outrun KCGM Execution Risk

Northern Star Resources jumped 3.23% to A$21.42 on Tuesday, erasing its 1.94% retreat from Monday. Shares traded up to A$21.71, with some 6.62 million changing hands—hardly a muted session. The move wasn’t triggered by new headlines; instead, buyers circled back to gold stocks after a rough patch for the name. The wider market offered some support. Heading into the afternoon, the ASX 200 was still sliding, but Market Index flagged “incredibly strong” action in resources—gold snapped higher locally, with other commodities pushing up too. That’s key for Northern Star, which stands out as a go-to large-cap for traders chasing gold margins on the ASX. If the gold trade heats up, NST usually sees interest pick up quickly.
May 13, 2026
Telstra Stock Slips as Buyback Support Meets Spectrum, Rate and Competition Risk
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Telstra Stock Slips as Buyback Support Meets Spectrum, Rate and Competition Risk

Telstra Group slipped into the close on Tuesday, ending at A$5.26 after trading between A$5.24 and A$5.31. Volume was 27.23 million shares, above Google Finance’s listed average volume of 20.15 million, so the move had real participation behind it, even if the price change was modest. The reason the chart moved lower is not hard to trace. Telstra is still buying back stock, but the market no longer treats that as new information. The company’s May 12 buyback update showed it bought 1.66 million shares that day for A$8.75 million, an average of about A$5.26 a share — almost exactly where the stock finished. That tells a simple story: the company bid was there, but buyers were not willing to
May 13, 2026
Westpac falls as Australia’s budget rewrites the mortgage-stock trade
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Westpac falls as Australia’s budget rewrites the mortgage-stock trade

Westpac Banking Corporation heads into Wednesday still battling technical weakness, with the policy backdrop casting a longer shadow. Shares closed Tuesday at A$36.61, a 1.37% drop, after moving in a range from A$36.42 to A$36.94. Roughly 6.08 million shares changed hands. The stock is now off almost 5% since closing at A$38.50 on May 4. This wasn’t isolated to Westpac; the entire banking sector took a hit. Financials dropped 1.6% on Tuesday as investors dumped shares of ANZ, NAB, Commonwealth Bank, and Westpac, bracing for the federal budget. According to Market Index, jitters centered on possible tweaks to negative gearing and capital gains tax—measures that could dampen appetite for new mortgages. Negative gearing lets investors offset property losses against their
May 13, 2026
NAB Shares Slide as Budget Tax Shock Turns Housing Policy Into Bank Risk
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NAB Shares Slide as Budget Tax Shock Turns Housing Policy Into Bank Risk

NAB shares tumbled again, but this time it wasn’t a single negative headline to blame. Instead, investors wrestled with a larger concern: shifting housing tax rules, already elevated rates, and mounting credit stress. All three are now forcing a rethink for Australia’s mortgage-focused banks. Treasurer Jim Chalmers’ budget draws a sharp line: from next year, negative gearing on residential property will apply only to new builds. The longstanding 50% capital gains tax discount gets the axe, replaced with indexation tied to inflation. Negative gearing lets investors offset property losses against other income; capital gains tax kicks in on profits from asset sales. Both levers have underpinned housing investor appetite for years.
May 12, 2026
CSL’s sell-off deepens as $5 billion writedown turns a profit miss into a trust problem
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CSL’s sell-off deepens as $5 billion writedown turns a profit miss into a trust problem

CSL’s selloff isn’t just about the disappointing number. The latest figure points to something deeper—a sign that the previous CSL model was simply too generous. CSL last changed hands at A$98.55, having swung between A$94.76 and A$100.00 during Tuesday’s session on 4.66 million shares. That came right after Monday’s punishing drop—shares plunged 15.96% to close at A$100.75, bottoming out earlier at A$93.64. Not long ago this was considered a perennial safe bet on the ASX. The 52-week peak, for reference, is still way up at A$275.79.
May 12, 2026
BHP Stock Hits A$60 as Copper Turns the Miner Into a Different Trade
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BHP Stock Hits A$60 as Copper Turns the Miner Into a Different Trade

BHP Group surged, grabbing the spotlight in a lackluster Australian session. Shares broke through A$60 for the first time, reached as high as A$60.23, and finished at A$59.78—a gain of 2.49% for the day. The ASX 200 didn’t keep pace, dropping 0.4% as losses in banks, healthcare, and tech stocks dragged the index lower. There’s not much mystery here, but the change is big. Copper has gone from a bit player at BHP to the linchpin in the valuation story—and now, the chart’s reflecting that. COMEX copper futures are up 8.81% for the month, sitting at roughly US$6.51 a pound. Iron ore, by comparison, hovered around US$111.40 a tonne. According to IG, BHP surged to a new record, with Rio
May 12, 2026
Wesfarmers Nears a 52-Week Low as Retail Investors Wait for Relief That Hasn’t Arrived
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Wesfarmers Nears a 52-Week Low as Retail Investors Wait for Relief That Hasn’t Arrived

Wesfarmers looks every bit the quality outfit, though timing hasn’t been on its side. Shares ended Tuesday at A$71.30 on the ASX, off 1.83%. The day’s low of A$70.87 put the stock right at its quoted 52-week low. The chart’s break didn’t come after another earnings downgrade—this time, it was the market’s rethink on Australian retail risk that did it.
May 12, 2026
Sony Xperia 1 VIII Reveal Is Hours Away: Camera Shake-Up, Price Risk and Launch Details
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Sony Xperia 1 VIII Reveal Is Hours Away: Camera Shake-Up, Price Risk and Launch Details

Sony has set its next Xperia unveiling for Wednesday at 11:00 a.m. in Japan, pointing fans to a YouTube premiere and using the #NextXperia tag on its official teaser page. The name of the device? Still under wraps, according to the teaser. Timing is crucial here, with just hours left before Sony pulls back the curtain on its next Xperia. All eyes are on whether the company sticks to its niche, camera-centric approach in a premium market packed with heavyweight competitors. According to Japan’s Xperia-focused Kunkoku site, Sony’s third teaser flashed a “1 Day to Go” message, alongside the line: “A new trinity has awoken, the next one is coming.”
May 12, 2026
Labour Delay Puts 100 Million-Barrel North Sea Oil Prize Back in Focus
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Labour Delay Puts 100 Million-Barrel North Sea Oil Prize Back in Focus

Jersey Oil & Gas pointed to a slowdown in its Greater Buchan Area development, blaming stalled government consultations and delays in regulatory sign-off. That’s putting Labour in a tighter spot over the fate of one of the biggest undeveloped oil centers left in the UK North Sea. The AIM-listed group still pegs the area’s gross resources at over 100 million barrels of oil equivalent, with Buchan as the main target. Timing’s turning out to be a critical issue for the North Sea, squeezed by old infrastructure demanding fresh investment soon, and a policy overhaul from the government that keeps the Energy Profits Levy running until 2030—unless price triggers bring it to an early close. For industry bosses, that uncertainty isn’t
May 12, 2026
Air Canada Route Cuts Hit Travelers As Fuel Shock Pushes Canadian Fares Higher
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Air Canada Route Cuts Hit Travelers As Fuel Shock Pushes Canadian Fares Higher

Air Canada is trimming more U.S. routes. The airline has shortened its Toronto-Charleston and Toronto-Sacramento seasonal flights, with Vancouver-Raleigh/Durham now wrapping up ahead of schedule. Montreal-Austin flights are also dropped for part of the fall, as higher jet fuel prices continue to pressure Canadian carriers. According to AeroRoutes, these adjustments were filed last week; the schedule update appeared Tuesday. Timing is critical here, with airlines scrambling to adjust summer schedules. Air Canada flagged a sharp jump in jet fuel costs—up twofold since the Iran conflict began—that’s turned several marginal routes into money-losers. The carrier is pulling service from JFK, Salt Lake City, Guadalajara, Algiers, and two domestic routes within Canada. It expects the changes to trim available seat miles by
May 12, 2026
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