News 6 March 2026

GoDaddy Stock Jumps 5% as Investors Reassess AI Push After Weak 2026 Forecast
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GoDaddy Stock Jumps 5% as Investors Reassess AI Push After Weak 2026 Forecast

GoDaddy shares rose 5.04% to $93.13 Thursday after reporting 2025 revenue of $4.95 billion, up 8.3%, and free cash flow of $1.61 billion, up 19%. The company highlighted growth in its AI platform Airo.ai and launched new security tools ahead of SSL rule changes. Analysts at Barclays and Wells Fargo cut price targets after GoDaddy’s 2026 revenue forecast missed expectations.
March 6, 2026
Sable Offshore Corp shares jump as Trump weighs emergency powers for stalled California oil restart
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Sable Offshore Corp shares jump as Trump weighs emergency powers for stalled California oil restart

The Trump administration may invoke emergency powers to help Sable Offshore Corp bypass California permitting delays, Interior Secretary Doug Burgum said Thursday. Sable’s oil remains stored at Las Flores Canyon, blocked by a court injunction and lacking pipeline or tanker access. Shares jumped 37.3% after the news. No Defense Production Act order has been issued, and legal challenges continue.
March 6, 2026
Teva CEO’s $14.3 Million Tax-Linked Share Sale Lands as Piper Turns More Bullish
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Teva CEO’s $14.3 Million Tax-Linked Share Sale Lands as Piper Turns More Bullish

Teva CEO Richard Francis sold 442,935 shares for about $14.3 million to cover tax withholding on vested stock awards, a U.S. filing showed. Piper Sandler raised its price target on Teva to $41 after meeting management and kept an overweight rating. Teva is seeking to offset over $1 billion in expected 2026 generic Revlimid sales erosion with branded drugs and a Blackstone-backed bowel disease program.
March 6, 2026
Gap Inc shares slide after tariff warning, Athleta slump clouds 2026 outlook
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Gap Inc shares slide after tariff warning, Athleta slump clouds 2026 outlook

Gap warned U.S. tariffs will cut profit this quarter and issued a 2026 earnings forecast below Wall Street expectations, sending shares down 7% after reporting fourth-quarter results. Net sales rose 2% to $4.2 billion, but gross margin fell 0.8 percentage point to 38.1% due to tariffs. Athleta sales dropped 11%, while Old Navy and Gap brand sales increased. Gap approved a $1 billion share buyback and raised its dividend.
March 6, 2026
Why Applied Materials (AMAT) Stock Is Sliding Even as AI Chip Spending Stays Hot
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Why Applied Materials (AMAT) Stock Is Sliding Even as AI Chip Spending Stays Hot

Applied Materials shares fell 3.1% Thursday to $346.53, now down 12.5% from a Feb. 25 high after an AI-fueled rally. The company recently settled U.S. allegations of illegal exports to China for $252 million and warned that tighter export controls will further cut China sales in 2026. Applied had forecast strong second-quarter sales driven by AI demand. China revenue share has dropped from nearly 40% to the mid-20% range.
March 6, 2026
Standard Chartered PLC Wins TP ICAP Digital-Asset Custody Role, Adds Ex-JPMorgan Payments Executive
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Standard Chartered PLC Wins TP ICAP Digital-Asset Custody Role, Adds Ex-JPMorgan Payments Executive

Standard Chartered will provide digital-asset custody and settlement for TP ICAP’s Fusion Digital Assets as the platform adopts a matched-principal trading model this month. The bank also hired former JPMorgan Kinexys executive Naveen Mallela to lead payments. U.S. and UK regulators have recently signaled support for tokenised finance, including digital government bond pilots and relaxed capital rules.
March 6, 2026
Glencore plc Moves to Back $1.4 Billion ERG Stake Bid as Kazzinc Talks Advance
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Glencore plc Moves to Back $1.4 Billion ERG Stake Bid as Kazzinc Talks Advance

Glencore is backing Shakhmurat Mutalip’s $1.4 billion bid for a 40% stake in Eurasian Resources Group, according to the Financial Times. The package includes an $800 million upfront payment linked to future ferrochrome shipments. Mutalip is also in talks to buy Glencore’s 70% stake in Kazzinc for about $3.5 billion. Any ERG deal requires unanimous shareholder and Kazakh government approval.
March 6, 2026
NatWest snaps up nearly 892,000 shares in fresh buyback as capital returns roll on
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NatWest snaps up nearly 892,000 shares in fresh buyback as capital returns roll on

NatWest bought back 891,842 shares on March 5 as part of its ongoing repurchase programme and plans to cancel them, reducing shares in circulation. The bank reported a 24% rise in 2025 pretax profit last month and is expanding into wealth management with the £2.7 billion Evelyn Partners deal. The March 5 buybacks were executed via UBS at average prices around 592–593 pence per share.
March 6, 2026
Lloyds Banking Group plc leads race for Aegon UK business as wealth push accelerates, report says
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Lloyds Banking Group plc leads race for Aegon UK business as wealth push accelerates, report says

Lloyds Banking Group is leading the auction for Aegon’s UK business, valued at £1–1.5 billion, with final bids due next month and an announcement possible in April, Financial News reported. Phoenix and Canada Life remain contenders. Aegon’s UK arm serves about 3.7 million customers and manages £220 billion in assets. No final decisions have been made, and Aegon has not detailed the scope of any sale.
March 6, 2026
IAG Faces Fresh Pressure as British Airways Keeps Middle East Flights Grounded
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IAG Faces Fresh Pressure as British Airways Keeps Middle East Flights Grounded

British Airways remains unable to operate flights from Abu Dhabi, Amman, Bahrain, Doha, Dubai, and Tel Aviv due to restricted airspace, adding extra Muscat-London flights for stranded passengers. IAG shares dropped 3.6% in London Thursday, while Wizz Air and Lufthansa warned of profit hits from the Middle East conflict. Over 25,000 flights in and out of the region were canceled between Feb. 28 and March 5.
March 6, 2026
London Stock Exchange Group Strikes ASX Deal as £3 Billion Buyback Gets Under Way
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London Stock Exchange Group Strikes ASX Deal as £3 Billion Buyback Gets Under Way

London Stock Exchange Group will supply a high-speed trading system to overhaul Australia’s ASX 24 futures and options market, the companies announced Wednesday. The deal follows LSEG’s record £3 billion buyback and comes as investors demand growth beyond cash returns. ASX is under regulatory scrutiny after system outages and delays. LSEG expects its Markets division income to rise 6.5% to 7.5% in 2026.
March 6, 2026
National Grid plc signs near-£3 billion Eastern Green Link 3 contracts in UK power-grid push
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National Grid plc signs near-£3 billion Eastern Green Link 3 contracts in UK power-grid push

National Grid has signed nearly £3 billion in contracts for the Eastern Green Link 3 project, awarding Hitachi Energy the converter stations and NKT the cable system. The 690-km link between Scotland and England aims to carry electricity for about 2 million homes. Construction is planned for 2028, pending approval, with operation targeted for 2033. The English section still requires a development consent order.
March 6, 2026
Barclays PLC’s £495 Million MFS Exposure Puts Private-Credit Risks Back in Focus
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Barclays PLC’s £495 Million MFS Exposure Puts Private-Credit Risks Back in Focus

Barclays PLC is owed about £495 million after the collapse of mortgage lender Market Financial Solutions, down from an earlier estimate of £600 million. Administrators warned of a possible £930 million collateral shortfall, with some assets potentially pledged multiple times. Santander and Jefferies also face exposure. Barclays declined to comment on its current risk.
March 6, 2026
Rolls-Royce CEO pay plan put to shareholders after turnaround, with package topping £18 million
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Rolls-Royce CEO pay plan put to shareholders after turnaround, with package topping £18 million

Rolls-Royce proposed a pay policy that could raise CEO Tufan Erginbilgic’s maximum compensation to £18.5 million in 2026, pending shareholder approval at the April 30 annual meeting. The plan would increase his long-term incentive grant to 750% of salary and annual bonus cap to 300%. If the share price rises 50%, his package could reach £24.4 million. Erginbilgic’s base salary rose 15.6% to £1.58 million in September.
March 6, 2026
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Stock Market Today

  • SpaceX-Linked Stocks Surge as FTSE Rushes IPO Inclusion Amid Destiny Tech100's $1B Share Sale
    May 28, 2026, 10:11 AM EDT. Shares of Destiny Tech100 (DXYZ), VCX, and NASA saw notable rallies following FTSE Russell's fast-tracking of index inclusion rules for large IPOs, ahead of SpaceX's anticipated $1.75 trillion debut. FTSE's rule change allows mega IPOs to enter key indexes after just five trading days, boosting potential passive fund inflows. SpaceX's estimated $70 billion market cap surpasses thresholds for indexes like Russell Top 50 and FTSE All-World. Despite Destiny Tech100's $1 billion at-the-market share offering, retail investors remain bullish, eyeing indirect exposure to SpaceX and private AI ventures. The accelerated inclusion heralds shifts in market dynamics, with SpaceX's debut poised to be the largest IPO ever, fueling significant investor interest.