Finance 13 May 2026

UK & AU Stock Market Today: Live Updates 30.05.2026
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UK & AU Stock Market Today: Live Updates 30.05.2026

LIVEMarkets rolling coverageStarted: May 30, 2026, 4:00 AM EDTUpdated: May 30, 2026, 9:01 AM EDT BP Chairman Removal Highlights Governance Concerns and Valuation Discount May 30, 2026, 6:44 AM EDT. BP (LSE:BP) ousted its chairman Albert Manifold amid allegations of bullying and internal disputes, elevating governance risks for investors. The stock trades at £5.218, about 17% below the £6.30 analyst target and nearly 50% below estimated fair value, despite a 53% gain in the past year. The controversy has spurred potential legal action and underscores scrutiny of BP’s board oversight and culture. The share price fell 9.4% over the past
May 30, 2026
IAG Stock Slips Again: Why British Airways Owner’s Bond Buyback Isn’t the Whole Story
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IAG Stock Slips Again: Why British Airways Owner’s Bond Buyback Isn’t the Whole Story

International Consolidated Airlines Group shares fell 1.46% in London after the company repurchased 99.6% of its €825 million 2028 convertible bonds, as rising jet fuel costs forced it to cut 2026 profit and capacity forecasts. IAG said it is 70% hedged on fuel for 2024 and expects to return €1 billion to shareholders by February 2027. The stock had dropped 2.98% on Tuesday amid heavy trading.
May 13, 2026
SSE PLC Raises Profit Guidance Before Results—Here’s the Accounting Move Behind It
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SSE PLC Raises Profit Guidance Before Results—Here’s the Accounting Move Behind It

SSE raised its full-year adjusted earnings per share guidance to 149p-154p from 147p-152p after changing how it accounts for Neos Networks losses. The adjustment follows the carrying value of its Neos equity investment falling to nil, preventing further loss recognition under IAS 28. Full-year results are due May 28. SSE shares traded at 2,448p, down 1.29% near midday in London.
May 13, 2026
3i Group Shares Near £24: Why Action Could Decide Thursday’s Results Reaction
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3i Group Shares Near £24: Why Action Could Decide Thursday’s Results Reaction

Britain’s £500 million energy debt relief plan for low-income households remains stalled, with ministers yet to approve required data-sharing changes. Consumer energy debt is projected to exceed £7 billion by year-end, while Ofgem’s price cap is set to rise in July. Industry leaders warn arrears have doubled in three years, pressuring suppliers like British Gas and E.ON.
May 13, 2026
NatWest Shares Fade as Fitch Upgrade Runs Into UK Bank-Tax and Gilt Fears
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NatWest Shares Fade as Fitch Upgrade Runs Into UK Bank-Tax and Gilt Fears

NatWest shares traded around 557–560p in London after opening at 572.8p, following a 3.2% drop on Tuesday. Fitch upgraded key NatWest subsidiaries to AA with a stable outlook, but political risk, gilt stress, and fears of higher UK bank taxes continued to weigh on the stock. Sterling fell further as political uncertainty persisted. Prediction markets showed rising expectations of leadership change and future Bank of England rate hikes.
May 13, 2026
National Grid Stock Stalls Before Results as Rate Pressure Tests the £70 Billion Grid Story
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National Grid Stock Stalls Before Results as Rate Pressure Tests the £70 Billion Grid Story

National Grid traded at 1,275p/1,276p in London by midday, little changed after a volatile morning range of 1,267.5p to 1,298.5p. Volume was about 2.5 million shares, below average. Investors are positioning ahead of full-year results due May 14, with focus on funding a £70 billion grid expansion amid high gilt yields and U.S. regulatory costs. Analyst consensus sees FY 2025/26 underlying EPS at 77.8p.
May 13, 2026
HSBC Stock Edges Higher as Rate Bets Help Margins, but Credit Risk Still Caps the Move
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HSBC Stock Edges Higher as Rate Bets Help Margins, but Credit Risk Still Caps the Move

HSBC shares rose about 0.4% to 1,324p in London by late morning, after opening higher and then fading. The move follows last week’s $400 million fraud-linked charge and comes as higher-for-longer rates boost net interest income. Peer banks Barclays, Lloyds, and Standard Chartered also traded higher. Markets are weighing whether HSBC’s recent credit issues are isolated or signal broader risk.
May 13, 2026
Unilever Shares Slip as Strong Volumes Meet a Fresh McCormick Deal Test
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Unilever Shares Slip as Strong Volumes Meet a Fresh McCormick Deal Test

Unilever shares fell 0.67% to GBX 4,247 in London by late morning after Fundsmith Equity Fund exited its stake, citing concerns over management’s focus following the McCormick food transaction. First-quarter underlying sales rose 3.8% with 2.9% volume growth, but full-year guidance remains at the low end of the target range. Turnover dropped 3.3% due to currency effects and weak European sales.
May 13, 2026
Shell Stock Today: Buybacks Steady the Chart as Oil Risk Keeps the Trade Messy
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Shell Stock Today: Buybacks Steady the Chart as Oil Risk Keeps the Trade Messy

Shell shares were nearly flat in late morning London trade Wednesday, quoted at 3,156.25p, down 0.04%. The company continued buybacks, cancelling over 1.2 million shares on May 12, and is reportedly seeking to sell about 60 French highway petrol stations. Brent crude slipped 0.2% to $107.58 a barrel. Shell’s recent quarterly buyback was cut to $3 billion from $3.5 billion.
May 13, 2026
Lloyds Stock Rebounds as Gilt Panic Eases, but the Bank-Tax Risk Hasn’t Gone
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Lloyds Stock Rebounds as Gilt Panic Eases, but the Bank-Tax Risk Hasn’t Gone

Lloyds Banking Group shares rose 0.7% to 94.8p by late morning Wednesday, partially rebounding after a 4.35% drop the previous day. The recovery tracked steadier gilt yields and a sector-wide bounce among UK banks, as political and fiscal risks continued to weigh on sentiment. Barclays also opened 1.7% higher. Lloyds’ recent Q1 profit stood at £2.0 billion, with net interest income up 8%.
May 13, 2026
Barclays Stock Rebounds as UK Bank-Tax Fears Collide With Strong Q1 Capital Story
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Barclays Stock Rebounds as UK Bank-Tax Fears Collide With Strong Q1 Capital Story

Barclays shares rose 1.3% to 420.45p in London Wednesday after a steep drop Tuesday, tracking steadier UK gilt markets rather than new company news. Political turmoil and high long-term yields kept pressure on banks, with JPMorgan forecasting a rise in the UK bank surcharge to 5%. Barclays posted a 13.5% Q1 return on tangible equity and announced a £500 million buyback.
May 13, 2026
Compass Group Stock Extends Rally as Profit Upgrade Reframes AI and Inflation Risks
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Compass Group Stock Extends Rally as Profit Upgrade Reframes AI and Inflation Risks

Compass Group shares rose 1.06% to $32.27 in London morning trade, extending gains after the company raised its full-year profit forecast above 11%. First-half results showed organic revenue up 7.2% to $25.0 billion, operating profit at $1.839 billion, and $4.1 billion in new business wins. The stock has rallied since Friday’s $29.50 close, following stronger guidance and margin expansion.
May 13, 2026
Anglo American Rallies as Copper’s Record Run Turns the Teck Deal Into the Main Trade
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Anglo American Rallies as Copper’s Record Run Turns the Teck Deal Into the Main Trade

Anglo American shares rose 4.0% to 4,055p in London on May 13, outpacing the FTSE 100’s 0.52% gain, as copper prices hit new highs. The stock move followed a sector rally, with Antofagasta up 4.2%, Rio Tinto 3.4%, and Glencore 3.2%. Anglo’s planned merger with Teck Resources would give shareholders over 70% copper exposure, pending China antitrust approval. Copper production rose 1% to 170,400 tonnes last quarter.
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 shares hit a new 52-week high in London trading, rising nearly 3% as copper futures approached record levels. The company reported a 19% jump in Q1 copper output and kept 2026 production guidance steady. Polymarket put the odds of a Glencore-Rio Tinto merger announcement by June 30 at 1%. Copper traded around $6.64 a pound, up 1.6% on supply concerns and strong demand.
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

Intertek shares jumped 6.9% to 5,665p after the board said it would be minded to recommend EQT’s £60-a-share cash proposal, pending due diligence. The offer, including a possible 107.7p dividend, values Intertek at about £9.4 billion. Shares remained below the offer price, reflecting deal uncertainty. Intertek paused its break-up review as EQT conducts due diligence ahead of a June 11 deadline.
May 13, 2026
Evolution Mining’s Rally Is About Cash Flow, Not Just Gold
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Evolution Mining’s Rally Is About Cash Flow, Not Just Gold

Evolution Mining closed at A$13.32, up 2.77% on strong cash flow and a shift to A$42 million net cash in the March quarter. The stock rose ahead of a 1.2% drop in spot gold offshore, setting up a test for Wednesday’s open. Evolution produced 170,000 ounces of gold and 11,000 tonnes of copper last quarter, with AISC at A$2,220 an ounce. CEO Lawrie Conway said the company had “rapidly deleveraged” and expects more cash flow in June.
May 13, 2026
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Stock Market Today

  • BP Chairman Removal Highlights Governance Concerns and Valuation Discount
    May 30, 2026, 6:44 AM EDT. BP (LSE:BP) ousted its chairman Albert Manifold amid allegations of bullying and internal disputes, elevating governance risks for investors. The stock trades at £5.218, about 17% below the £6.30 analyst target and nearly 50% below estimated fair value, despite a 53% gain in the past year. The controversy has spurred potential legal action and underscores scrutiny of BP's board oversight and culture. The share price fell 9.4% over the past month amid the uncertainty. Market watchers will monitor how the governance review and earnings expectations shape BP's strategic direction and investor confidence in the weeks ahead.