Finance 10 May 2026 - 11 May 2026

UK & AU Stock Market Today: Live Updates 11.05.2026
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UK & AU Stock Market Today: Live Updates 11.05.2026

LIVEMarkets rolling coverageStarted: May 11, 2026, 12:00 AM EDTUpdated: May 11, 2026, 11:51 PM EDT Can Westpac Banking Corp (WBC) Shares Outperform ASX 200 in 2026? May 11, 2026, 11:51 PM EDT. This analysis explores the potential for Westpac Banking Corp (ASX: WBC) shares to outperform the S&P/ASX 200 index (XJO) by 2026. The article breaks down key valuation methods including the price-to-earnings (PE) ratio, which compares share price to earnings per share. WBC's PE ratio currently stands at 19.2x versus the banking sector average of 18x. Using sector-adjusted PE valuation, WBC's share is valued around $35.13. Additionally, the piece
May 11, 2026
Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story
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Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story

Coles Group shares closed at A$21.63 on May 8, down 0.8%, as investors assess if rising fuel and supplier costs will erode margins despite a 4% jump in third-quarter supermarket sales to A$9.8 billion. Supermarket price inflation eased to 0.8%, but Coles faces more supplier cost requests and higher freight expenses. Woolworths reported stronger sales growth but warned of slower earnings.
May 11, 2026
Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now
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Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now

Cochlear shares are set to reopen near A$100 after plunging 40.7% on April 22 following a sharp profit downgrade. The company cut its FY26 underlying net profit forecast to A$290 million–A$330 million, far below February guidance. Analysts flagged structural headwinds and questioned forecast reliability. The stock closed May 8 at A$99.89, down 61.7% for the year.
May 11, 2026
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
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Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan

Santos shares closed at A$7.52, down 1.44%, as investors assess the impact of Australia’s new gas reservation policy requiring exporters to supply 20% of exports to the domestic market from July 2027. The rule could pressure Santos’s GLNG venture, which currently does not supply domestic gas. Analysts warn the policy may slow LNG supply growth. Santos expects Barossa and Pikka projects to boost output by up to 30% by 2027.
May 10, 2026
Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit
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Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit

Lynas Rare Earths shares last closed at A$19.44, down 2.46%, after a strong 2026 run. The U.S.-China rare-earths deal remains in effect ahead of May 14-15 talks in Beijing, keeping attention on non-Chinese suppliers like Lynas. The company reported A$265 million in March-quarter sales, more than double a year earlier. Lynas recently signed a U.S. supply deal backed by $96 million from the Pentagon.
May 10, 2026
QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why
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QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why

QBE Insurance Group kept its 2026 outlook after first-quarter gross written premium rose 11% to US$9.2 billion. Shares fell 1.55% Friday despite reaffirmed guidance and higher premiums. Net catastrophe claims reached about US$300 million for the year to April. Investment income totaled US$500 million in the four months, with funds under management at US$36.1 billion.
May 10, 2026
WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth
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WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth

WiseTech Global shares closed at A$42.27 on May 8, down 4.6% and far below their 52-week high, as investors react to an AI-driven restructure and uncertainty over 2,000 planned job cuts. Trading has been volatile, with shares rising 5.2% on May 5 before three sessions of losses. The company reported first-half fiscal 2026 revenue up 76% and EBITDA up 31%, citing the e2open acquisition and AI rollout.
May 10, 2026
Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push
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Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push

Mineral Resources has named Darren Killeen as chief operating officer, a new role reporting to Managing Director Chris Ellison. Shares closed Friday at A$69.55, down 2.5%. The company’s lithium joint venture with POSCO has reached formal agreements, with completion now expected in the first half of FY2027. Net debt dropped to about A$4.5 billion at March 31.
May 10, 2026
Wesfarmers Stock Just Got Hit: Why Bunnings and Kmart Prices Are Back in Focus
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Wesfarmers Stock Just Got Hit: Why Bunnings and Kmart Prices Are Back in Focus

Wesfarmers shares closed at A$72.25 on May 8, down 1.95%, as oil-driven cost pressures and freight surcharges weigh on the group. CEO Rob Scott warned some prices will rise, especially for building supplies tied to petrochemicals. The S&P/ASX 200 fell 1.51% Friday, its worst day since March, with Wesfarmers among the major drags. Brent crude settled at US$101.29 a barrel after fresh Gulf tensions.
May 10, 2026
Telstra Group Limited’s $1.25 Billion Buyback Is Nearly Spent. Here’s What Investors Are Watching
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Telstra Group Limited’s $1.25 Billion Buyback Is Nearly Spent. Here’s What Investors Are Watching

Telstra disclosed A$12.2 million in additional share buybacks for May 8, bringing total spending to about A$1.08 billion under its current A$1.25 billion program. The buyback comes as Telstra raises mobile prices by up to A$5 a month. Shares closed at A$5.31 on May 8, down 0.38%. The next major update is due with annual results on August 13.
May 10, 2026
Australia Stock Market Week Ahead: ASX 200 Faces Budget, Wages and Oil Test
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Australia Stock Market Week Ahead: ASX 200 Faces Budget, Wages and Oil Test

The ASX 200 dropped 1.51% to 8,744.4 points on Friday, erasing nearly A$50 billion from Australian equities ahead of a week packed with budget, wage, and confidence data. The Reserve Bank of Australia raised the cash rate to 4.35% on May 5, citing inflation pressures from higher fuel prices. Treasurer Jim Chalmers will deliver the federal budget Tuesday night, with A$2 billion earmarked for new housing supply.
May 10, 2026
UK Stock Market Today: FTSE 100 Faces GDP Test After Third Weekly Drop
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UK Stock Market Today: FTSE 100 Faces GDP Test After Third Weekly Drop

The FTSE 100 closed Friday at 10,233.07, marking its third consecutive weekly decline. Investors await UK GDP data due Thursday, with energy prices and Middle East tensions weighing on sentiment. Sterling rose and gilt yields fell after Prime Minister Starmer confirmed he would stay in office. Vodafone, Greggs, Burberry, and National Grid are among stocks in focus this week.
May 10, 2026
Evolution Mining Share Price Jumps 7% in Week as Gold and Copper Rally Put EVN Back in Focus
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Evolution Mining Share Price Jumps 7% in Week as Gold and Copper Rally Put EVN Back in Focus

Evolution Mining shares closed last week up 7.4% at A$13.05, outperforming other major ASX gold miners. The company reported A$406 million in March-quarter cash flow and moved to net cash of A$42 million, with no debt repayments due until FY29. Gold and copper production for the quarter reached 170,000 ounces and 11,000 tonnes, respectively. Evolution expects full-year gold output on track but copper at the low end of guidance.
May 10, 2026
PLS Group Limited (ASX:PLS) Shareholder Shake-Up: MUFG Filing Puts Lithium Stock Back in Focus
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PLS Group Limited (ASX:PLS) Shareholder Shake-Up: MUFG Filing Puts Lithium Stock Back in Focus

Mitsubishi UFJ Financial Group disclosed a 5.11% voting stake in PLS Group Limited, according to May 8 ASX filings. State Street also increased its holding to 9.77%. PLS reported record March-quarter production of 232,436 dry metric tonnes of spodumene concentrate and reaffirmed 2026 guidance. The company recently closed a US$600 million senior unsecured note issue due 2031.
May 10, 2026
Northern Star Resources Stock: $500 Million Buyback Runs Into One Hard Question
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Northern Star Resources Stock: $500 Million Buyback Runs Into One Hard Question

Northern Star Resources shares closed at A$21.16 Friday, down 2.49% and far below last year’s high, as investors weigh a A$500 million buyback against rising costs at its Kalgoorlie mill expansion. March-quarter gold sales reached 380,807 ounces at an AISC of A$2,709 per ounce. FY26 project capital at KCGM rose to up to A$700 million on cost inflation and construction delays.
May 10, 2026
ANZ Group Shares Go Ex-Dividend Monday as 83c Payout Tests Profit Turnaround
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ANZ Group Shares Go Ex-Dividend Monday as 83c Payout Tests Profit Turnaround

ANZ Group shares will trade ex-dividend on Monday, cutting off new buyers from the A$0.83 interim payout due July 1, partially franked at 75%. The bank reported a flat statutory first-half profit of A$3.65 billion, with cash profit up 6% to A$3.78 billion. ANZ closed May 8 at A$36.79, down 1.5%. CEO Nuno Matos said cost cuts are on track, with 78% of 3,500 planned job exits completed.
May 10, 2026
CSL Limited Share Price Faces New Test After A$1.06 Billion Buyback Ends
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CSL Limited Share Price Faces New Test After A$1.06 Billion Buyback Ends

CSL Limited completed an on-market buyback of 6.4 million shares for A$1.06 billion, ending near a low point for its stock, which last closed at A$119.88. The buyback follows delays in the CSL Seqirus spin-off and weaker U.S. flu vaccine demand. Interim CEO Gordon Naylor took over after an 81% drop in first-half profit. U.S. military vaccine mandate changes have added pressure on CSL’s vaccine business.
May 10, 2026
Westpac Banking Corporation’s New RBA Call Points to Two More Rate Hikes
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Westpac Banking Corporation’s New RBA Call Points to Two More Rate Hikes

Westpac now expects the Reserve Bank of Australia to raise rates in August and September, not June and August, citing persistent fuel-driven inflation. The shift follows Westpac’s A$3.41 billion first-half profit miss and higher bad-debt provisions. The RBA lifted its cash rate to 4.35% on May 5, warning that fuel costs are feeding into broader inflation. Other major banks remain split on the timing of further hikes.
May 10, 2026
NAB’s Monday Deadline: National Australia Bank’s $1.8 Billion Capital Push Comes Due
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NAB’s Monday Deadline: National Australia Bank’s $1.8 Billion Capital Push Comes Due

National Australia Bank shareholders have until 5 p.m. AEST Monday to elect for the discounted dividend reinvestment plan, which aims to raise about A$1.8 billion after a weak half-year result. NAB will raise variable home-loan rates by 0.25 percentage point from May 15. Cash earnings for the half fell 26.3% to A$2.64 billion. The bank’s credit impairment charge doubled to A$706 million.
May 10, 2026
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Stock Market Today

  • Warren Buffett’s 2026 Market Warning Gains Fresh Relevance Amid Stock Valuations
    May 30, 2026, 10:30 AM EDT. 2026 stock markets see turbulence and valuations echo Warren Buffett's advice to be cautious amid greed. Buffett's recent step back from Berkshire Hathaway spotlights his lasting wisdom. While high demand fuels AI and tech stocks like Nvidia, some sectors, including parts of the UK market, still trade at discounts, hinting at value opportunities. Berkshire's $380 billion cash reserve and continued share sales signal limited attractive investments, urging investors to reconsider portfolio risks. Experts advise assessing overvalued stocks and proceeding with financial caution, reflecting Buffett's guidance: be "fearful when others are greedy." This market dynamic underscores potential for strategic profit-taking and selective buying in volatile conditions.