Finance 12 May 2026 - 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
Fortescue Stock Faces Its First Test After A$150 Million Native Title Order
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Fortescue Stock Faces Its First Test After A$150 Million Native Title Order

Fortescue closed at A$21.91, up 2.29%, before announcing a court order to pay A$150 million for cultural loss to the Yindjibarndi Ngurra Aboriginal Corporation. The ASX filing came after normal trading hours, so the share price did not reflect the ruling. The award is among the largest under Australia’s native title laws. Fortescue said it will review the court’s reasons once published.
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

National Australia Bank closed down 2.09% at A$37.42 Tuesday, with ANZ, CBA and Westpac also falling after the federal budget tightened negative gearing and capital gains tax rules. Investors rotated out of banks as new housing policy raised concerns over mortgage growth and credit stress. NAB’s first-half cash earnings missed estimates, and its April business survey showed confidence at -24.
May 12, 2026
Commonwealth Bank shares slide as budget housing risk hits a richly priced bank
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Commonwealth Bank shares slide as budget housing risk hits a richly priced bank

Commonwealth Bank of Australia shares fell 1.40% to A$171.57 on Tuesday, extending a three-day slide as investors reacted to federal budget changes restricting negative gearing and altering capital gains tax. The selloff hit the broader banking sector, with National Australia Bank, ANZ, and Westpac also down. CBA will raise variable home-loan rates by 0.25% from May 15 after the Reserve Bank lifted its cash rate to 4.35%.
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 shares closed at A$98.55 Tuesday, down 2.18% after a 15.96% plunge Monday, following a 90-day review that cut FY26 revenue and profit guidance and flagged US$5 billion in new impairments. Interim CEO Gordon Naylor projected FY26 revenue of US$15.2 billion and NPATA of US$3.1 billion. The stock remains near its recent low, far below its 52-week high of 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 shares hit a record A$60.23 and closed up 2.49% at A$59.78 on May 13, defying a 0.4% drop in the ASX 200. The rally followed strong copper prices and BHP’s increased copper production guidance. Copper now accounts for 51% of BHP’s underlying EBITDA, overtaking iron ore for the first time. CEO-elect Brandon Craig cited sector supply constraints and new project milestones at a metals conference.
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 shares closed at A$71.30 on Tuesday, down 1.83% and matching a 52-week low, as household-exposed stocks sold off amid higher rates and weak consumer confidence. The S&P/ASX 200 also fell 0.4%. The Reserve Bank of Australia raised rates to 4.35% on May 5. Australia’s federal budget included changes to negative gearing and capital gains tax, adding pressure to retail sentiment.
May 12, 2026
Shell Diesel Price Error Gives German Drivers Rare Autobahn Bargain Under New Noon Rule
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Shell Diesel Price Error Gives German Drivers Rare Autobahn Bargain Under New Noon Rule

Shell Deutschland sold diesel for 1.849 euros a litre at some German motorway stations on Tuesday after a manual pricing error, undercutting rivals by about 10 cents. The mistake could not be corrected during the day due to Germany’s new law allowing only one daily price increase at noon. Shell did not specify how many sites were affected. The error occurred at stations in North Rhine-Westphalia, Lower Saxony, and Saxony.
May 12, 2026
Valneva’s Brazil Vaccine Green Light Comes With a Stock-Market Catch
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Valneva’s Brazil Vaccine Green Light Comes With a Stock-Market Catch

Brazil’s Anvisa has authorized Instituto Butantan to manufacture Valneva’s chikungunya vaccine locally, shifting production from France. The vaccine, branded Butantan-Chik, is cleared for adults 18–59 and may enter Brazil’s public health system. Valneva shares fell 7.6% in Paris ahead of its Q1 results. Chikungunya caused over 127,000 cases and 125 deaths in Brazil in 2025.
May 12, 2026
FTSE 100 Holds Flat as UK Political Risk Hits Banks, Mid-Caps and Sterling
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FTSE 100 Holds Flat as UK Political Risk Hits Banks, Mid-Caps and Sterling

The FTSE 100 closed down 4.11 points at 10,265.32 after recovering from a 1.1% drop, while the FTSE 250 slid 1.5% to 22,466.20, its sharpest fall in over six weeks. UK 30-year gilt yields hit 5.81%, the highest since 1998, as investors reacted to political turmoil and a weaker pound. Nearly 80 Labour MPs reportedly called for Prime Minister Keir Starmer to resign. Banks and housebuilders led the declines.
May 12, 2026
NatWest Stock Falls as UK Political Risk Overpowers a Stronger Income Story
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NatWest Stock Falls as UK Political Risk Overpowers a Stronger Income Story

NatWest shares fell 4.1% to 561.6p in London on Tuesday, mirroring a broader drop in UK bank stocks amid surging gilt yields and political turmoil. Thirty-year gilt yields hit 5.81%, the highest since 1998. Pressure mounted on Labour leader Keir Starmer to resign after poor local election results, fueling concerns over potential tax hikes on banks. JPMorgan analysts now expect the UK banking surcharge could rise to 5% from 3%.
May 12, 2026
IAG Stock Pulls Back as Fuel Shock Tests the Bond-Buyback Rally
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IAG Stock Pulls Back as Fuel Shock Tests the Bond-Buyback Rally

IAG shares fell 3% to 397.5p in late London trading Tuesday, reversing part of Monday’s bond-buyback rally. The group repurchased €819 million of its €825 million 2028 convertible bonds, easing dilution risk, but management now expects a €9 billion fuel bill and slower capacity growth. Q1 operating profit rose 77% to €351 million. Trading volume was more than double the average.
May 12, 2026
SBI Clears $2 Billion Foreign Bond Plan as Investors Watch Margin Pain
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SBI Clears $2 Billion Foreign Bond Plan as Investors Watch Margin Pain

State Bank of India’s board approved a plan to raise up to $2 billion through foreign-currency bonds in FY27, according to exchange disclosures. The move follows a $11 billion drop in SBI’s market value after a margin squeeze and earnings miss. The bonds could be issued in multiple tranches and currencies, but details on timing and pricing remain undecided. SBI’s net interest margin fell to 2.8% last quarter.
May 12, 2026
Raksul Delisting Is Now Set: Shareholders Clear Goldman-Backed MBO’s Final Step
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Raksul Delisting Is Now Set: Shareholders Clear Goldman-Backed MBO’s Final Step

Raksul shareholders approved a 28 million-to-one share consolidation, clearing the way for delisting from the Tokyo Stock Exchange on May 29. Holders of fractional shares are set to receive 1,900 yen per share, matching R1 Inc.’s tender offer, pending court approval. R1’s offer closed in March with 52.8 million shares tendered. Raksul shares ended Tuesday at 1,890 yen.
May 12, 2026
Lloyds Slides as UK Political Risk Turns a Bank Stock Into a Gilt Trade
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Lloyds Slides as UK Political Risk Turns a Bank Stock Into a Gilt Trade

Lloyds Banking Group shares fell 4.2% to 94.21p as UK bank stocks dropped amid surging gilt yields and pressure on sterling. The 30-year gilt yield hit 5.81%, the highest since 1998. Investors cited fiscal risk, oil-driven inflation, and speculation over Prime Minister Keir Starmer’s future. Lloyds’ buyback and capital moves failed to stem the broader selloff in UK banks.
May 12, 2026
Barclays Shares Drop as UK Political Risk Hits the Bank Re-rating Trade
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Barclays Shares Drop as UK Political Risk Hits the Bank Re-rating Trade

Barclays shares fell 4.19% to 411.05p on Tuesday, outpacing the FTSE 100’s 0.41% drop, as investors sold UK bank stocks amid rising gilt yields and a weaker pound. Thirty-year UK gilt yields hit 5.81%, the highest since 1998, while tax and political risks weighed on sentiment. J.P. Morgan warned a higher bank surcharge and changes to reserve remuneration could sharply cut Barclays’ future profits.
May 12, 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.