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.

Fortescue (ASX:FMG) to watch China cargo flow Monday after losing A$2.8 billion this week
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Fortescue (ASX:FMG) to watch China cargo flow Monday after losing A$2.8 billion this week

ASX is closed on Saturdays, so the most recent Fortescue Ltd quote is from Friday at 4:10 p.m. Sydney time. That’s the last print until next week. Fortescue’s shares gained 13 cents to A$19.07 on Friday. Trading volume finished at 4.81 million, short of the 6.46 million average. That left the week’s losses mostly in place. Fortescue has 3.08 billion shares out, so every A$1 move in the share price changes market value by about A$3.08 billion.
June 26, 2026
Atlas Arteria (ALX) finishes under IFM bid as bidder set to take control
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Atlas Arteria (ALX) finishes under IFM bid as bidder set to take control

ASX trading is closed for the weekend. Atlas Arteria finished Friday trading looking less like a toll road play and more like a short-term cash bet on IFM Global Infrastructure Fund’s offer. Atlas closed at A$5.08, under the A$5.10 cash offer, leaving a 0.4% spread. The shares traded in a tight A$5.08 to A$5.10 range. Despite the small gap, Atlas dropped as the main index gained.
June 26, 2026
Westpac (ASX:WBC) holds steady; dividend cash seen as buffer in rate-risk week
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Westpac (ASX:WBC) holds steady; dividend cash seen as buffer in rate-risk week

ASX cash trading is closed for the weekend. Westpac Banking Corporation last traded Friday, and the stock’s final quote looks tepid unless you factor in the dividend. Westpac finished at A$35.14, gaining 0.23% as of 4:15 p.m. in Sydney. ASX data listed the previous close at A$35.06, trading between A$34.68 and A$35.25 during the day. Google Finance put the intraday high higher, at A$35.36.
June 26, 2026
Australia shares slip for the week, ASX 200 uptick fails to lift market
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Australia shares slip for the week, ASX 200 uptick fails to lift market

ASX 200 eked out a 0.18% rise on Friday, ending at 8,764.20, but the week told a different story. The benchmark lost 0.73% for the week. Six months in, the index barely moved, up just 0.02%, with its year-to-date advance at 0.57%, according to MarketScreener. The cash market is now closed for the weekend. Standard ASX trading happens from 10 a.m. to 4 p.m. Sydney time on ASX business days, CommSec says.
June 26, 2026
FTSE 100 falls as oil and banks weigh, but still tops midcaps for week
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FTSE 100 falls as oil and banks weigh, but still tops midcaps for week

The main session on the London Stock Exchange closed after the regular 8:00 a.m. to 4:30 p.m. BST trading window. This report was filed at 18:01 BST in London. FTSE 100 fell on Friday. For the week, the division was clearer: big firms with global sales finished up 1.4%, while FTSE 250, which leans domestic, slipped. The FTSE 100 is still running more on overseas earnings, gold and defensives than faith in UK demand.
June 26, 2026
National Grid (LON:NG) steady; UK storage plan raises grid capex questions
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National Grid (LON:NG) steady; UK storage plan raises grid capex questions

National Grid plc was flat in late trading Friday in London, quoted at 1,252.50p to sell and 1,253.50p to buy, up just 0.04%. FTSE 100 was down. For shareholders, Ofgem’s new list mattered more, with 7,645 MW of long-duration electricity storage named in the regulator’s first minded-to awards. Ofgem’s project table puts 5,100 MW—roughly two-thirds of the awarded capacity—in northern Scotland. National Grid isn't named as a sponsor. The stock link is down to congestion, connection queues, and the network investment investors hope the company can earn on.
June 26, 2026
Diageo (LON:DGE) gains after TD lifts rating, U.S. weakness stays in focus for Dave Lewis review
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Diageo (LON:DGE) gains after TD lifts rating, U.S. weakness stays in focus for Dave Lewis review

Diageo plc traded higher on Friday, moving up while the broader London market was weaker. The stock got a same-day broker upgrade, which said investors are being asked to step into a cheap drinks name even though U.S. spirits share is still dropping. Johnnie Walker and Guinness maker traded at 1,570.5p on the offer and 1,571.0p on the bid, rising 9p, or 0.58%. Volume hit 1.1 million shares. Year-to-date, AJ Bell data shows a high at 2,142p and a low of 1,350p, so shares remain near the lower end.
June 26, 2026
Standard Chartered (LON:STAN) slips after $1.5 bln buyback ends
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Standard Chartered (LON:STAN) slips after $1.5 bln buyback ends

Standard Chartered PLC dropped on Friday, underperforming the London blue-chip index. The move comes right after the Asia-focused bank wrapped up its $1.5 billion share buyback. With the buyback done, investors now get a clearer view of the stock, which had seen STAN as a steady buyer for months. The shares changed hands at 2,019p at 1501 BST, falling 44p, or 2.13%, on the day. The stock moved between 2,018p and 2,055p, Davy data with a 20-minute lag showed. The FTSE 100 was off 0.86% at 10,438.95 at 1446 BST, Investors Chronicle reported.
June 26, 2026
RELX (LON:REL) slips under buyback price as £2.25bn AI discount weighs
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RELX (LON:REL) slips under buyback price as £2.25bn AI discount weighs

RELX PLC underperformed the broader London market Friday, trading at 2,296p to sell and 2,298p to buy late morning. The FTSE 100 slipped 0.74% to 10,451.50. The standout number is the buyback. RELX picked up 2.94 million shares last week through ABN AMRO Bank N.V.. Based on published daily volumes and VWAPs, the week’s average price works out to around 2,422p. By Friday, the price had dropped roughly 5.1% from that mark.
June 26, 2026
Barclays drops in London after mixed buyback and Fed test signals
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Barclays drops in London after mixed buyback and Fed test signals

Barclays PLC dropped more than the FTSE 100 on Friday. The bank wrapped up its latest buyback at a price well under where shares now trade, and its U.S. arm passed the Fed’s stress test with a bigger capital cushion than several major banks. The shares slipped 1.48% to 513.60p at 10:43 BST. They opened at 514.10p, trading as low as 510.30p and as high as 520.00p. The stock was about 7.3% under its 52-week peak of 554.10p.
June 26, 2026
Rolls-Royce (LON:RR.) dips with Power Systems margin in focus
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Rolls-Royce (LON:RR.) dips with Power Systems margin in focus

Rolls-Royce Holdings plc traded down in the first part of Friday’s London session, slipping in early moves. Shares didn’t fall much, with the real focus on the valuation test ahead for the engine maker. The stock traded at 1,422.80p, off 8.80p, as of 08:46 BST, Fidelity data showed. Investors Chronicle, in numbers delayed to 08:34 BST, showed shares up 52.69% over the past year, a beta at 1.517, with 17 analysts putting targets between 1,101p and 1,740p. Median sits at 1,400p, under the last close of 1,432p.
June 26, 2026
BP (LON:BP) drops in London after Abu Dhabi gas deal as oil price slips
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BP (LON:BP) drops in London after Abu Dhabi gas deal as oil price slips

BP PLC shares dropped during early London trade on Friday. Two new upstream-focused deals in Abu Dhabi and India weren’t enough to counter a softer oil price or ease worry among investors about how quickly BP is turning things around. BP shares slipped 1.7% to 472.8 pence at 09:01 BST, putting the oil major’s market cap close to 74 billion pounds. FTSE 100 also edged down around 0.2%. BP is trading 22.4% below its 52-week high of 609.4 pence.
June 26, 2026
IAG (ASX:IAG) jumps 4.3% as Goldman upgrade raises margin hopes
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IAG (ASX:IAG) jumps 4.3% as Goldman upgrade raises margin hopes

ASX cash market was still in pre-open at the dateline. According to the ASX, regular trading kicks off at 09:59:45 Sydney time and goes until 16:00. Insurance Australia Group Ltd is set to open Friday after rallying late Thursday. The insurer finished the day up 4.32% at A$8.21. Shares moved between A$7.98 and A$8.25 during the session. Volume jumped to 9.10 million shares while the average is 5.68 million.
June 25, 2026
Evolution Mining (ASX:EVN) drops A$954 million with gold slide hitting cash narrative
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Evolution Mining (ASX:EVN) drops A$954 million with gold slide hitting cash narrative

Evolution Mining Limited goes into Friday’s ASX session with investors weighing if the market is cutting expectations for future cash flow even more than gold prices have dropped. The stock closed at A$11.88 on Thursday, falling 47 cents. That wiped out roughly A$954 million in equity value based on 2.03 billion shares outstanding. Volume hit 6.88 million shares, under the 8.34 million average on Google Finance.
June 25, 2026
Woolworths (ASX:WOW) shares reach 52-week high ahead of July 1 rules
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Woolworths (ASX:WOW) shares reach 52-week high ahead of July 1 rules

Woolworths Group Ltd finished Thursday at a 52-week high after climbing for the sixth day in a row. A new grocery survey out Thursday priced its 16-item shop lower than Coles, days before Australia’s new supermarket price-gouging laws kick in. The shares added 1.45% to A$39.94, reaching as high as A$40.10. The S&P/ASX 200 slipped 0.68% to 8,748.70. Friday’s cash session was still shut at the time of filing.
June 25, 2026
Santos share price falls 2.8% as Pikka ramp raises oil-price exposure
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Santos share price falls 2.8% as Pikka ramp raises oil-price exposure

Santos Limited enters Friday with more direct oil-price exposure just as crude markets swing on news from the Strait of Hormuz. The shares fell 2.8% to A$7.04 on Thursday, against a 0.7% fall in the S&P/ASX 200. Woodside Energy Group also lost 2.9%, closing at A$27.43. The similar declines point to crude prices, rather than a fresh Santos operating problem, as the main driver of Thursday’s selling.
June 25, 2026
Northern Star Resources (ASX:NST) drops after setting limit on buyback amount
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Northern Star Resources (ASX:NST) drops after setting limit on buyback amount

Northern Star Resources is under the buyback average as trading starts Friday, with shares below the average price the company paid so far. There’s a fixed share cap on the current buyback, so if the stock hangs around Thursday’s close, Northern Star can’t use the entire A$500 million. The ASX cash market wasn’t open when this story published; Friday is a regular trading session. The shares dropped A$0.67 to finish at A$19.92 on Thursday. They were in a range between A$19.73 and A$20.37. About 5.18 million shares changed hands, below the 7.28 million daily average. Evolution Mining Ltd ended 3.81% lower, with Newmont Corporation CDI down 3.05%, signaling selling across the space.
June 25, 2026
Fortescue (ASX:FMG) sheds A$5.8 billion, class action ruling day brings no extra discount
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Fortescue (ASX:FMG) sheds A$5.8 billion, class action ruling day brings no extra discount

Fortescue Ltd was still halted ahead of Friday's session, after dropping 1.61% to A$18.94 at Thursday’s close. That was the eighth day down in a row. Shares have slid from A$20.82 since June 15. With 3.08 billion shares out, the A$1.88 move wiped roughly A$5.8 billion off its equity value. The S&P/ASX 200 Materials index dropped 8.96% over the period. That was just a 0.07 percentage point gap. Fortescue shed 1.61% on Thursday, holding up better than the sector’s 2.28% slide.
June 25, 2026
Macquarie Group (ASX:MQG) trades close to 52-week top with July DRP paid in new shares
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Macquarie Group (ASX:MQG) trades close to 52-week top with July DRP paid in new shares

Macquarie Group Ltd closed Thursday just 1.7% off its 52-week high, outpacing the Australian benchmark by 0.63 point. The next share flow is tied to the July 2 dividend reinvestment plan. The board plans to issue new shares for the DRP but could switch to buying them on market if needed. Macquarie shifted its approach for this year’s final dividend reinvestment plan, selling shares to meet demand instead of buying on market as it did last year. The 2025 final DRP price landed at A$213.66. This year it’s A$233.12.
June 25, 2026
3i (LON:III) accounts for 22% of FTSE 100’s gain on UK market day
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3i (LON:III) accounts for 22% of FTSE 100’s gain on UK market day

FTSE 100 ends up 0.65% on Thursday; FTSE 250 also gains The FTSE 100 finished Thursday 68.26 points higher at 10,529.89, climbing 0.65%. The blue-chip index hit 10,575.31 earlier. The FTSE 250 added 59.89 points, or 0.26%, to close at 23,161.41. Sixty stocks in the FTSE 100 rose on the day, 37 slipped and three finished flat. The typical stock gained 0.27%, well below what the index showed. The equal-weighted average return came in at 0.52%, or 0.41% if you pull out 3i Group. By the numbers, 3i delivered about 22% of the equal-weight gain, based on closing prices. Index investors saw bigger gains than the average stock, but winners weren't rare. Barratt Redrow tacked on 4.63%, and Persimmon added
June 25, 2026
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