Finance 9 May 2026 - 10 May 2026

Commonwealth Bank of Australia Rate Rise Hits This Week as Borrowers Face Delayed Mortgage Pain
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Commonwealth Bank of Australia Rate Rise Hits This Week as Borrowers Face Delayed Mortgage Pain

Commonwealth Bank of Australia will raise variable home loan rates by 25 basis points on Friday, lifting its standard owner-occupier rate to 8.80%. The move follows the Reserve Bank of Australia’s cash rate hike to 4.35% and comes ahead of CBA’s quarterly trading update on May 13. Other major banks, including Westpac and NAB, will also raise mortgage rates this month. Variable business loan rates at CBA will increase from May 15.
May 10, 2026
Macquarie Group Profit Surge Has One Catch Investors Can’t Ignore
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Macquarie Group Profit Surge Has One Catch Investors Can’t Ignore

Macquarie Group reported a 30% rise in full-year profit to A$4.85 billion, beating forecasts on strong commodity trading and asset sales. Profit for the six months to March 31 surged 93% to a record A$3.19 billion. The Commodities and Global Markets division’s net profit contribution jumped 49% to A$4.22 billion. Macquarie shares last closed at A$239.23 on Friday, down 1.09%.
May 10, 2026
AMD Stock Rally Hits a New Intel Problem After Apple Chip Deal Report
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AMD Stock Rally Hits a New Intel Problem After Apple Chip Deal Report

Intel shares jumped 13.9% after a Wall Street Journal report said the company reached a preliminary chip-making deal with Apple, though neither company confirmed the agreement. AMD closed up 11.4% following strong earnings and raised forecasts for AI server demand. Investors are watching how the Apple-Intel deal could affect AMD’s momentum and the broader U.S. chip market. U.S. markets were closed Sunday.
May 10, 2026
Compass Group PLC Half-Year Results: The AI and Vermaat Questions That Could Move CPG Shares
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Compass Group PLC Half-Year Results: The AI and Vermaat Questions That Could Move CPG Shares

Compass Group PLC will release half-year results at 7 a.m. BST Monday, with management presenting at 9 a.m. Shares closed Friday at $29.51/$29.52, up 0.73% after switching to a U.S. dollar quote in April. The company reaffirmed 2026 guidance for about 10% underlying operating profit growth, with consensus pointing to $3.72 billion profit on $50.5 billion revenue.
May 10, 2026
BT Stock Jumps as JPMorgan, Goldman Back Fibre Turnaround Ahead of Results
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BT Stock Jumps as JPMorgan, Goldman Back Fibre Turnaround Ahead of Results

BT Group shares jumped 6.6% to 236.20 pence Friday after JPMorgan and Goldman Sachs issued bullish reports ahead of full-year results. JPMorgan raised its price target to 310 pence and predicted improved cash flow could support a dividend increase by 2030. BT also relaunched its consumer brand and became UEFA EURO 2028’s telecom partner. Full-year results are due May 21.
May 9, 2026
Legal & General Shares Hold Firm as 8.7% Yield and £1.2 Billion Buyback Face AGM Test
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Legal & General Shares Hold Firm as 8.7% Yield and £1.2 Billion Buyback Face AGM Test

Legal & General Group shares closed nearly unchanged Friday at 251.40 pence, with an 8.67% dividend yield and £1.2 billion buyback ahead of a key May 21 shareholder vote. The FTSE 100 fell 0.4% to 10,233.07, marking a third weekly decline amid Gulf tensions and Labour Party election losses. L&G’s Solvency II capital ratio dropped to 210% pro forma, down from 232% last year.
May 9, 2026
Prudential plc Share Buyback: Latest Stock Move Puts $1.2 Billion Return Plan in Focus
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Prudential plc Share Buyback: Latest Stock Move Puts $1.2 Billion Return Plan in Focus

Prudential plc bought 252,594 ordinary shares for cancellation on May 7 as part of its 2026 buyback, leaving 2.52 billion shares in issue, a U.S. filing showed. The stock closed in London at 1,139p, down 2.83%. The company reported first-quarter new business profit up 10% to $686 million. Analysts cited slower growth and ongoing concerns about Asian demand and inflation.
May 9, 2026
National Grid’s New 2026 Grid Plan Could Be the Stock’s Next Big Test
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National Grid’s New 2026 Grid Plan Could Be the Stock’s Next Big Test

National Grid’s distribution business published a 10-year Network Development Plan on Friday, detailing how local electricity networks will handle rising demand and new connections. The plan features a digital map showing network capacity, constraints, and potential fixes. National Grid shares closed up 0.33% ahead of full-year results due May 14, while the FTSE 100 fell 0.4%.
May 9, 2026
Australia Stock Market This Week: ASX 200 Dodges Fourth Weekly Loss Despite $43 Billion Friday Rout
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Australia Stock Market This Week: ASX 200 Dodges Fourth Weekly Loss Despite $43 Billion Friday Rout

The S&P/ASX 200 fell 1.51% on Friday to 8,744.4 but ended the week up 0.2%, its first weekly gain in a month. The Reserve Bank of Australia raised rates to 4.35% amid inflation pressure from higher fuel prices linked to Middle East tensions. Ten of 11 sectors dropped Friday, with banks and resource stocks sliding. Macquarie posted a record profit but shares reversed after hitting a high.
May 9, 2026
UK Stock Market Today: FTSE 100 Drops for Third Week as Gulf Tension and UK Politics Bite
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UK Stock Market Today: FTSE 100 Drops for Third Week as Gulf Tension and UK Politics Bite

The FTSE 100 closed 0.4% lower at 10,233.07 on Friday, marking its third straight weekly loss, while the FTSE 250 slipped 0.2%. Political uncertainty grew after Labour’s local election losses, with Prime Minister Keir Starmer naming Gordon Brown as an adviser. IAG shares dropped on a profit warning tied to higher jet fuel costs. UK 10-year gilt yields eased to 4.895% after Starmer pledged to serve his term.
May 9, 2026
BAE Systems Stock Falls Again as Defence Boom Meets a Harder Market Test
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BAE Systems Stock Falls Again as Defence Boom Meets a Harder Market Test

BAE Systems shares fell 2.91% to 1,933.80 pence on Friday, following a 4.68% drop Thursday, despite the company maintaining guidance for 9% to 11% earnings growth in 2026. The stock decline comes after a strong run and amid concerns over high valuations and the ability to convert military demand into contracts and cash. BAE reported a record £83.6 billion order backlog entering 2026.
May 9, 2026
RELX PLC Stock Faces Fresh AI Test After Dividend Date and Morgan Stanley Cut
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RELX PLC Stock Faces Fresh AI Test After Dividend Date and Morgan Stanley Cut

RELX shares closed at 2,460 pence in London on May 8, down 0.08% after a 6.21% ex-dividend drop and a Morgan Stanley downgrade. The broker cut its rating to “equal-weight” and lowered its target price, citing rising AI competition. RELX reported 2025 revenue of £9.59 billion, up 7% underlying, and plans £2.25 billion in buybacks for 2026. The 2025 final dividend is 48.00 pence a share, payable June 18.
May 9, 2026
Barclays Just Started Another Buyback. The £500 Million Move Puts Its Capital Plan Back in Focus
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Barclays Just Started Another Buyback. The £500 Million Move Puts Its Capital Plan Back in Focus

Barclays PLC finished a £1 billion share buyback and launched a new £500 million programme on May 8, following shareholder approval at its annual meeting. The bank repurchased 234.9 million shares at an average 425.8 pence and will cancel them. Shares closed at 435 pence Friday, down 0.08%. A tribunal on the £9.1 billion car-finance compensation scheme is unlikely before October, the FCA said.
May 9, 2026
London Stock Exchange Group Stock Falls as LSEG’s AI Data Push Faces Investor Test
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London Stock Exchange Group Stock Falls as LSEG’s AI Data Push Faces Investor Test

London Stock Exchange Group shares closed down 1.61% at £90.38 on Friday, underperforming the FTSE 100, before trading paused for the weekend. Volume was about half the 50-day average. The drop follows a record first-quarter update and a £1.1 billion buyback, but the stock remains well below its year high amid investor concerns over AI’s impact on LSEG’s data business.
May 9, 2026
HSBC Holdings Plc Says $400 Million Fraud Hit Is Isolated. Investors Want to Know Why.
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HSBC Holdings Plc Says $400 Million Fraud Hit Is Isolated. Investors Want to Know Why.

HSBC set aside $400 million for potential fraud losses tied to private credit loans, rattling investors and prompting a review of similar exposures, Chairman Brendan Nelson told shareholders. The provision contributed to a slip in first-quarter pretax profit to $9.4 billion. HSBC has not named the company involved. Shares in London and Hong Kong fell, while New York shares rose.
May 9, 2026
Shell’s $6.9 Billion Profit Beat Has a Catch: Lower Buybacks and Qatar Risk
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Shell’s $6.9 Billion Profit Beat Has a Catch: Lower Buybacks and Qatar Risk

Shell began a $3 billion share buyback after reporting first-quarter adjusted earnings of $6.92 billion, beating analyst expectations. The company raised its dividend by 5% to $0.3906 a share but cut the buyback from $3.5 billion last quarter. Net debt increased to $52.6 billion as cash flow from operations dropped to $6.1 billion. China’s April crude imports fell 20% amid Middle East supply disruptions.
May 9, 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.