NASDAQ:ARQQ

Arqit’s rally slows as shares cool off for June after sharp drop this week
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Arqit’s rally slows as shares cool off for June after sharp drop this week

Arqit Quantum Inc. shares fell 2.37% Friday to $16.51, capping a 5.6% drop for the holiday-shortened week, despite tech stocks pushing the Nasdaq to a record. The company reported $623,000 in first-half revenue, up from $67,000 a year earlier, but posted a $33.7 million operating loss. Director Manfredi Lefebvre d’Ovidio sold 303 warrants last week. Heritage Assets and affiliates now hold about 38.4% of Arqit.
May 31, 2026

Stock Market Today

  • UK Mobile Connectivity Issues Affect 4 in 10 Users, Impacting Productivity
    May 31, 2026, 11:39 AM EDT. A survey reveals that over 40% of UK mobile users struggle to access 4G or 5G signals while on the move, highlighting poor digital infrastructure. Connectivity frustrations are higher among 18-24 year-olds (57%), with 27% also reporting weekly wifi issues at home. The UK slipped to 59th globally in mobile download speeds, down from 51st in 2023. Despite 86% full-fibre broadband coverage, disparities exist between urban and rural areas due to installation costs and infrastructure congestion. Experts warn that inadequate connectivity limits economic growth, particularly in rural sectors. Research suggests improving mobile coverage along railways could boost productivity by nearly £3 billion over ten years. The government aims to enhance digital infrastructure to support broader economic transformation.