Finance 3 May 2026 - 4 May 2026

Ouster Stock Just Ripped 24% in a Short Week. The $75 Wall Street Call Is Only Part of the Story
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Ouster Stock Just Ripped 24% in a Short Week. The $75 Wall Street Call Is Only Part of the Story

Ouster shares surged 8.79% Friday to $46.05, up 24.36% for the week, after Roth Capital initiated coverage with a $75 target and Buy rating. The company also announced a deal to supply digital lidar to Germany’s ARGUS Interception for counter-drone systems. Ouster reported Q1 revenue of $49 million, a 49% increase, but posted a $17 million net loss. U.S. markets were closed Monday for Memorial Day.
May 30, 2026
Reckitt Benckiser Group plc Hit by Fresh Profit Slump as Dettol Owner’s Margin Test Deepens
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Reckitt Benckiser Group plc Hit by Fresh Profit Slump as Dettol Owner’s Margin Test Deepens

Reckitt Benckiser’s Bangladesh unit posted a 28.31% drop in first-quarter profit to Tk10.99 crore, with revenue down to Tk132.61 crore from Tk147.34 crore. Earnings per share fell to Tk23.26 from Tk32.45. Parent company sales growth missed analyst expectations, and first-half margins are forecast to be two percentage points lower than last year. Demand for hygiene brands in Bangladesh has eased since the pandemic.
May 4, 2026
Glencore Stock in Focus as Berenberg Sticks With Buy After 19% Copper Output Jump
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Glencore Stock in Focus as Berenberg Sticks With Buy After 19% Copper Output Jump

Berenberg reaffirmed its Buy rating on Glencore after the company reported a 19% jump in first-quarter copper output to 199,600 tonnes. London trading was halted for the Early May Bank Holiday, delaying market response. Glencore’s trading arm is on track to exceed its long-term earnings guidance. Cobalt output fell 39% as Congo operations prioritized copper.
May 4, 2026
Anglo American plc Share Count Update Puts Teck Copper Megadeal Back in Focus
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Anglo American plc Share Count Update Puts Teck Copper Megadeal Back in Focus

Anglo American reported total voting rights of 1,178,050,272 as of April 30, with no shares in treasury, amid its pending merger with Teck Resources. The London Stock Exchange was closed May 4 for a holiday; Anglo last traded at 3,590 pence on May 1. The Teck deal, agreed in September, would give Anglo shareholders 62.4% of the combined group. China antitrust approval remains the key hurdle for the merger.
May 4, 2026
Halma plc Nears 52-Week High After Deal Moves — Why June 11 Now Matters
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Halma plc Nears 52-Week High After Deal Moves — Why June 11 Now Matters

Halma plc shares closed at £45.27 on Friday, up 2.72%, just 1.15% below their 52-week high, as the FTSE 100 slipped 0.14%. The London Stock Exchange is closed Monday for the Early May Bank Holiday, leaving Friday’s close as the last price before Halma’s June 11 results. Halma recently sold Cardios in Brazil and bought California-based Surgistar. The share price now sits above the average analyst target.
May 4, 2026
Barclays Reverses 2026 Fed Call as Oil Shock Forces Wall Street Reset
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Barclays Reverses 2026 Fed Call as Oil Shock Forces Wall Street Reset

Barclays has dropped its forecast for a U.S. Federal Reserve rate cut in 2026, citing higher oil prices and persistent inflation. The bank now expects Brent crude to peak at $115 a barrel in Q2 and headline PCE inflation to reach 3.8% next year. Barclays’ new outlook aligns with recent shifts by Morgan Stanley, J.P. Morgan, and HSBC. London trading was closed Monday for a UK holiday.
May 4, 2026
Imperial Brands Buyback Keeps £1.45 Billion Cash Return in Focus Before Key Results
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Imperial Brands Buyback Keeps £1.45 Billion Cash Return in Focus Before Key Results

Imperial Brands bought back 220,000 shares for cancellation on May 1, spending about £6.2 million at an average price of 2,802.05 pence each. The London market is closed for the Early May bank holiday, with the next trading session set for Tuesday ahead of Imperial’s May 12 half-year results. Investors are watching for updates on cash returns and market-share pressures. Imperial shares last closed at 2,816.50 pence.
May 4, 2026
NatWest Profit Jump Runs Into a £140 Million Warning Before Tuesday Reopen
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NatWest Profit Jump Runs Into a £140 Million Warning Before Tuesday Reopen

NatWest reported a first-quarter pre-tax profit of £2.03 billion, up 12.2%, and raised its 2026 income outlook, but booked a £283 million loan impairment charge after cutting UK growth forecasts. Trading in NatWest is paused for the Early May Bank Holiday, leaving Friday’s stock drop as the last market signal. Investors are weighing stronger lending income against higher credit risk.
May 4, 2026
HSBC Holdings Plc’s Indonesia Exit Hands OCBC 336,000 Clients Before Earnings Test
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HSBC Holdings Plc’s Indonesia Exit Hands OCBC 336,000 Clients Before Earnings Test

HSBC will sell its Indonesian wealth and premier banking business to OCBC’s local unit, transferring 336,000 clients and S$6.6 billion in assets. The deal includes IDR89.8 trillion in assets under management and a small retail loan book. The price, not yet disclosed, will include a premium of up to S$480 million. OCBC expects to close the transaction in Q2 2027, pending conditions.
May 4, 2026
ideaForge Stock Hits 20% Upper Circuit After Profit Swing: Why the Drone Maker Is Back Above IPO Price
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ideaForge Stock Hits 20% Upper Circuit After Profit Swing: Why the Drone Maker Is Back Above IPO Price

ideaForge Technology shares hit their 20% daily price cap Monday after the drone maker reported a March-quarter net profit of ₹59.99 crore, reversing a loss a year earlier. Revenue surged 594% to ₹141.04 crore, driven by defence orders. The stock closed at ₹731.10 on BSE, above its IPO price. IIFL upgraded the stock to “buy” and raised its target price to ₹1,187.
May 4, 2026
Vedanta’s 60% ‘Crash’ Wasn’t a Crash: Five-Way Demerger Sets Up Next Stock Test
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Vedanta’s 60% ‘Crash’ Wasn’t a Crash: Five-Way Demerger Sets Up Next Stock Test

Vedanta Ltd shares jumped 8.5% to ₹294.65 on Monday, rebounding after last week’s demerger price reset. The stock had dropped over 60% on April 30 as four businesses were spun out, with new listings expected by mid-June. Vedanta’s Q4 profit after tax rose 89% to ₹9,352 crore, and revenue increased 29% to ₹51,524 crore. The company now trades ex-demerger, with shareholders set to receive shares in each new entity.
May 4, 2026
BPCE Buys Novo Banco For €6.7 Billion — Why The Portugal Deal Matters Now
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BPCE Buys Novo Banco For €6.7 Billion — Why The Portugal Deal Matters Now

France’s BPCE has completed its €6.7 billion acquisition of Novo Banco, taking full ownership from Lone Star Funds, the Portuguese state, and the Resolution Fund. The deal makes Portugal BPCE’s second domestic retail market. Portugal’s government received €1.673 billion for its 25% stake, marking its exit from Novo Banco, which was created in 2014 after Banco Espírito Santo’s collapse.
May 4, 2026
BASF Stock’s Dividend Payday Has a Catch as Barclays Sees 26% Downside
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BASF Stock’s Dividend Payday Has a Catch as Barclays Sees 26% Downside

BASF shares rose 3.09% to 54.11 euros midday Monday, outperforming the DAX despite trading ex-dividend. Shareholders approved a 2.25-euro dividend and major restructuring, including the hive-down of Agricultural Solutions. BASF’s dividend yield stands at 5.06%, leading its sector. Barclays kept an “Underweight” rating, citing limited near-term upside and a 40-euro price target.
May 4, 2026
Why NextDC Limited’s A$750 Million Debt Deal Matters for ASX Data-Centre Stocks
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Why NextDC Limited’s A$750 Million Debt Deal Matters for ASX Data-Centre Stocks

NextDC’s A$750 million subordinated notes sale attracted A$1.2 billion in orders, The Australian reported Sunday. The funding will accelerate construction of its S4 Western Sydney data centre amid surging AI and cloud demand. The notes mature in 2030 and were priced at 350 basis points over BBSW. NextDC’s contracted utilisation rose to 667 megawatts as of March 31.
May 4, 2026
ALS Ltd Stock Faces May 18 Test as Investors Hunt for Margin Clues
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ALS Ltd Stock Faces May 18 Test as Investors Hunt for Margin Clues

ALS Ltd will brief investors on May 18 after first-half FY26 underlying revenue rose 13.3% to A$1.66 billion and EBIT climbed 14.7% to A$287.2 million. The company raised its FY26 organic revenue growth target but trimmed guidance for Life Sciences. ALS shares closed at A$21.36 on May 1, up 24% over the past year. Investors are watching for margin recovery and updated guidance.
May 4, 2026
CAR Group Limited Stock Faces Monday Test After AustralianSuper Stake Crosses 5%
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CAR Group Limited Stock Faces Monday Test After AustralianSuper Stake Crosses 5%

AustralianSuper has disclosed a 5.16% stake in CAR Group Limited, joining State Street, BlackRock, and Vanguard as substantial shareholders. CAR appointed Michael Sapountzis as company secretary, replacing David McIndoe, effective April 29. Shares closed at A$25.26 on May 1, down from a 52-week high of A$42.06. The ASX cash market had not opened as of 08:03 AEST.
May 4, 2026
REA Group Ltd’s Housing Affordability Push Puts ASX:REA in Focus Before Q3 Results
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REA Group Ltd’s Housing Affordability Push Puts ASX:REA in Focus Before Q3 Results

REA Group called on lawmakers to replace stamp duty with a land tax and ease housing-density rules ahead of its March-quarter results due May 8. PropTrack data showed national home prices fell 0.1% in April, the first decline this year. REA’s submission said housing affordability was near record lows, with median-income households able to afford just 15% of homes sold in 2024-25.
May 3, 2026
Zip Co Shares Face Monday Test After State Street Cuts Voting Power Below 10%
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Zip Co Shares Face Monday Test After State Street Cuts Voting Power Below 10%

State Street Corp reduced its disclosed voting power in Zip Co Ltd to 9.73% from 10.74%, according to a filing released ahead of Monday trading in Sydney. Zip shares last traded at A$2.41 after a sharp rebound in April. The company recently lifted its FY26 earnings guidance and reported a 41.5% jump in third-quarter cash EBTDA to A$65.1 million. Net bad debts rose to 1.93% of transaction volume in the third quarter.
May 3, 2026
Suncorp’s A$200 Million Capital Notes Draw A$880 Million Demand as Bond Market Reopens
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Suncorp’s A$200 Million Capital Notes Draw A$880 Million Demand as Bond Market Reopens

Suncorp Group’s first wholesale Additional Tier 1 capital notes attracted A$880 million in orders for a planned A$200 million issue, priced at 235 basis points over the three-month bank bill swap rate. The securities, aimed at institutional investors, are perpetual, convertible, and subordinated, with conversion into shares possible in December 2034 if not exchanged earlier. The notes are expected to be issued around May 6.
May 3, 2026
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Stock Market Today

  • Banking Lobby Condemns Dark Trade Crackdown as 'Anti-Competitive'
    May 30, 2026, 2:07 PM EDT. Banking sector lobbyists argue proposed crackdowns on dark trades-private securities transactions not publicly reported immediately-would be anti-competitive. They counter claims that these trades unfairly disadvantage everyday investors, emphasizing the need to preserve market liquidity and trading efficiency. The debate highlights tensions between regulators seeking market transparency and industry players concerned about stifling competition and innovation.