News 9 May 2026 - 10 May 2026

Woolworths Shoppers Get Soft Plastic Recycling Back at 700 Stores After REDcycle Fallout
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Woolworths Shoppers Get Soft Plastic Recycling Back at 700 Stores After REDcycle Fallout

Woolworths Group has reinstated soft-plastic recycling bins at over 700 supermarkets in five Australian states after a years-long pause, following REDcycle’s 2022 collapse. Since February 2024, customers have returned about 40 million pieces of soft plastic, or 310,000 kilograms. Collected material is processed by partners including saveBOARD and iQRenew for use in store products. Coles and Aldi are also expanding similar programs.
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
Why Flutter’s FanDuel CEO Shake-Up Is Bigger Than Amy Howe’s Exit
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Why Flutter’s FanDuel CEO Shake-Up Is Bigger Than Amy Howe’s Exit

Flutter Entertainment replaced FanDuel CEO Amy Howe with President Christian Genetski and promoted Dan Taylor to group president overseeing U.S. operations. The company cut its 2026 revenue and profit forecasts, citing slower growth at FanDuel. Howe’s exit was not voluntary; she will receive $4.37 million in severance. DraftKings, FanDuel’s main U.S. rival, reported stronger growth and maintained its outlook.
May 9, 2026
Reckitt Benckiser’s China Speed Bet Puts Durex, Lysol Maker Back in Market Focus
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Reckitt Benckiser’s China Speed Bet Puts Durex, Lysol Maker Back in Market Focus

Reckitt Benckiser said ecommerce and social commerce now account for 80% of its China sales, up from 30% six years ago, with China revenue nearing £1 billion after 11 quarters of double-digit growth. The company bought back £9 million in shares on May 7. Reckitt missed first-quarter revenue forecasts in April and warned of lower first-half margins, citing weak demand and higher costs.
May 9, 2026
Vodafone Group PLC’s India Turnaround Plan Takes a New Turn With Vodafone Idea Stake Move
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Vodafone Group PLC’s India Turnaround Plan Takes a New Turn With Vodafone Idea Stake Move

Vodafone Group is considering transferring part of its 19% stake in Vodafone Idea to the Indian carrier’s treasury, Bloomberg reported, as Vodafone Idea seeks funding after a telecom dues relief. Vodafone Idea is also in talks to borrow about 350 billion rupees, mostly via term loans, with State Bank of India likely to lead. Vodafone’s shares rose 2.28% in London Friday; Vodafone Idea’s shares ended flat in Mumbai.
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
International Consolidated Airlines Group SA Hit by €9 Billion Fuel Bill as IAG Cuts Profit Outlook

International Consolidated Airlines Group SA Hit by €9 Billion Fuel Bill as IAG Cuts Profit Outlook

International Consolidated Airlines Group cut its annual profit forecast after jet fuel costs surged, despite posting a first-quarter operating profit of €351 million, up 77%. The British Airways owner said it would trim capacity growth below its earlier 3% guidance and expects a €9 billion fuel bill for 2026. IAG shares fell 2.83% to 385 pence. The group has shifted some flights away from the Gulf region due to supply risks.
May 9, 2026
Anglo American’s $295 Million Copper Push Could Keep El Soldado Running Until 2045
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Anglo American’s $295 Million Copper Push Could Keep El Soldado Running Until 2045

Anglo American has filed a $295 million plan to extend the El Soldado copper mine in Chile through 2045, seeking environmental approval. The project would add new open-pit phases, reopen an underground mine, and expand tailings infrastructure. El Soldado produced 42,605 tonnes of copper in 2025 and employs about 650 people. Chile’s regulator charged Anglo with alleged breaches at the site in late 2024.
May 9, 2026
Rio Tinto plc Eyes a Bigger Argentina Copper Bet as Los Azules Talks Surface
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Rio Tinto plc Eyes a Bigger Argentina Copper Bet as Los Azules Talks Surface

Rio Tinto is considering increasing its 17.2% stake in McEwen Copper’s Los Azules project in Argentina, according to two industry sources. The move follows the collapse of Glencore merger talks and comes as copper demand rises. Rio holds its stake via Nuton LLC, which uses bio-leaching technology. London trading is closed until Monday, leaving investors to react after the weekend.
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
GSK Wins Court Ruling in Pfizer-BioNTech Covid Vaccine Patent Fight
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GSK Wins Court Ruling in Pfizer-BioNTech Covid Vaccine Patent Fight

A U.S. judge dismissed Acuitas Therapeutics’ attempt to clear Pfizer and BioNTech’s Comirnaty vaccine of GSK patent claims, citing lack of jurisdiction, Bloomberg Law reported Friday. The decision keeps the focus on GSK’s main Delaware lawsuit alleging Comirnaty infringes mRNA-vaccine patents. Pfizer has pledged to defend its position. The ruling does not address whether infringement occurred.
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
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Stock Market Today

  • The Risks of Bluechip Investing: Why Stability Is Not Permanent
    May 26, 2026, 12:14 AM EDT. Bluechip stocks are often viewed as stable and reliable investments due to their large market capitalizations and established histories. However, investing in bluechip companies carries inherent risks as their perceived stability is not guaranteed to last indefinitely. Market conditions, economic shifts, and company-specific challenges can impact these stocks, sometimes leading to significant volatility and losses. Investors should recognize that bluechip does not mean risk-free and must continuously evaluate their portfolios and market dynamics. Expert advice is crucial in navigating such investments to balance growth potential with risk management.