News 24 June 2026

Etihad Orders 10 Boeing Jets, Raising Talk of Hard-to-Get 787 Slots
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Stock Market Today: Live Updates 10.07.2026

LIVEMarkets rolling coverageStarted: July 10, 2026, 4:00 AM EDTUpdated: July 10, 2026, 12:51 PM EDT Glazer Capital Takes 4.82% Stake in JTC plc, Buys 75,000 Shares at £13.24 July 10, 2026, 12:08 PM EDT. Glazer Capital, LLC said it now holds 4.82% of JTC plc after picking up 75,000 shares at £13.24 each, pushing its position to 8,423,163 ordinary 1p shares as of July 9, 2026. The firm made the disclosure in a Form 8.3 under the Takeover Code. No shorts or derivatives were reported. JTC plc offers fund, corporate, and private client services in the UK. Firms have to
July 10, 2026
Legal & General buyback pace drops as shares trade near 2026 high
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Legal & General buyback pace drops as shares trade near 2026 high

Legal & General Group Plc shares edged 0.2% lower to 285.2 pence in Wednesday afternoon trade. The stock was about 5.7% below its 302.3p high for the year. The company was valued at £15.63 billion and carried a quoted dividend yield of 7.56%. A June 22 filing showed the insurer bought 1,988,916 shares from June 15 through June 17 as part of its share buyback, in which it purchases and cancels its own stock. The latest purchases reduced the number of shares in issue to 5.546 billion.
June 24, 2026
Beazley trades close to Zurich’s £8.1 billion offer with EU review ongoing
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Beazley trades close to Zurich’s £8.1 billion offer with EU review ongoing

Beazley shares were flat in London on Wednesday afternoon after the European Commission listed Zurich Insurance’s planned buyout for simplified merger review, and Zurich reported more share buys. The stock traded flat at 1,284.5 pence as of 1350 BST. Zurich’s leftover cash offer stands at 1,310 pence per share, accounting for Beazley’s 25-pence dividend with a payment date of May 1. That leaves a 25.5-pence spread, or deal spread, representing expected return if the deal goes through as set. This was about 2%.
June 24, 2026
3i holds ground ahead of Action exposure limit vote
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3i holds ground ahead of Action exposure limit vote

3i Group shares inched higher on Wednesday. The move comes a day ahead of a vote by shareholders on letting the British investment firm add more money to Action, the European discount retailer that makes up most of its portfolio. 3i shares edged up 0.15% to 2,279.5 pence at 1347 BST in London. The stock traded about 25% under its last stated net asset value of 3,030p per share. Net asset value is assets minus liabilities.
June 24, 2026
Prudential plc drops under £10, buyback average still above last trades
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Prudential plc drops under £10, buyback average still above last trades

Prudential plc dropped under £10 on Wednesday, with delayed data showing shares off 2.3% at 989.8 pence. The stock traded between 988.8p and 1,006.5p during the session. The stock fell more than the London market’s opening action. At 0755 GMT the FTSE 100 was little changed. Property shares traded higher following Segro’s rejection of a $16.6 billion offer.
June 24, 2026
Reckitt climbs after £1 billion buyback but trades under offer price
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Reckitt climbs after £1 billion buyback but trades under offer price

Reckitt Benckiser Group shares traded up 1.25% at 4,713 pence in London early Wednesday. Shares still sat 2.9% below the £48.55 average the company paid at the end of its recent buyback. Reckitt bought back 11.12 million shares from March 9 through June 15, closing a £1 billion buyback. By 1303 BST, about 443,000 shares changed hands, compared with the usual 2.02 million daily. During the 67 London sessions in that stretch, the last trades averaged 166,000 shares per day. That’s about 8% of Reckitt’s usual daily volume. It wasn’t most of the trading, but now the steady buyer is gone.
June 24, 2026
IAG Shares Touch 52-Week High; Oil Drop Leaves €440 Million Fuel Gap
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IAG Shares Touch 52-Week High; Oil Drop Leaves €440 Million Fuel Gap

International Consolidated Airlines Group picked up 1.2% to 473.6 pence by 1259 BST on Wednesday, coming off a new 52-week top at 473.9 pence. The British Airways parent traded ahead of a quiet FTSE 100. Lower oil prices helped, easing expected fuel costs for airlines. Deutsche Bank has cut its estimate for IAG’s 2026 fuel bill to €8.56 billion. That’s €440 million, or 4.9%, under IAG’s guidance in May, which was around €9 billion. The difference is 8.8% of IAG’s €5.024 billion operating profit before items labeled exceptional in 2025.
June 24, 2026
National Grid trades up on New York grid project, sees limited earnings boost
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National Grid trades up on New York grid project, sees limited earnings boost

National Grid shares ticked up Wednesday after New York announced the 100-mile Smart Path Connect upgrade was done. The $438 million a year in consumer benefits the state projected doesn’t go to National Grid. The company gets paid via regulated returns from its part of the project. The stock traded 0.12% higher at 1,227p as of 1302 BST. It moved between 1,216.5p and 1,228.5p during the session, and had a market cap near £61.1 billion. Shares sat about 14% under their 52-week high. The FTSE 100 didn’t move much.
June 24, 2026
RELX drops even as company buys back 9% of average weekly volume
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RELX drops even as company buys back 9% of average weekly volume

RELX traded 0.6% lower at around 2,334 pence just before 12:50 BST on Wednesday. The FTSE 100 was unchanged. The information and analytics group is down about 40% over the last year. RELX picked up 2,936,304 shares in the five sessions ending June 19, according to a June 22 filing. That was about 9.1% of the 32.41 million shares traded over that period based on the filing and daily data. The company paid around £71.1 million for the shares, at an average price of 2,422.4p per share on a weighted basis. Wednesday’s close came in 3.6% under that average. RELX shares dropped 4.6% between June 12 and June 19.
June 24, 2026
Barratt Redrow jumps 38% below tangible book, sharp land cut lifts shares
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Barratt Redrow jumps 38% below tangible book, sharp land cut lifts shares

Barratt Redrow shares gained 1.8% to 268.29 pence by 1208 BST Wednesday. The stock stayed about 44% under its 52-week high. The housebuilder’s market cap stood close to £3.76 billion. Barratt shares traded at about 62 pence for each £1 of tangible net assets, stripping out goodwill and other intangibles. The company had tangible assets of 433 pence per share as of Dec. 28. That 38% discount suggests worries beyond softening home demand. First-half revenue rose 10.5%, but gross margin before acquisition effects dropped to 15.0% from 17.0%. Adjusted pretax profit slid 13.6% to £199.9 million.
June 24, 2026
GSK Stock Slips as Tivicay Priority Review Sets Up Busy FDA Calendar (LSE:GSK)
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GSK stock holds close to buyback price after seven board members report buys

GSK traded 0.2% higher at 1,961.5 pence by 12:11 BST Wednesday, sitting only 0.53% above the average purchase price in its most recent weekly buyback. New filings revealed seven non-executive directors picked up ordinary shares or U.S.-listed depositary shares. The FTSE 100 was up 0.08%. GSK rose 1.71% Tuesday as the FTSE 100 slipped 0.09%. Volume was light at 4.8 million shares, under the 50-day average of 7.5 million. The stock finished 14.22% off its February 18 peak of 2,282 pence.
June 24, 2026
BP shares claw back 2.8%, still down 5.7% for the week as Hormuz fears hit market
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BP share-to-Brent jumps 26% after oil dips under $76

BP dropped 1.7% to 489.85 pence late Wednesday morning. Brent crude slid about 1.6% to around $75.88 a barrel. BP’s market cap was close to £75.7 billion. BP finished at 606.30 pence on March 31, with the May Brent contract settling at $118.35 that day. Based on Wednesday’s numbers, BP has fallen 19.2% since then, while crude is down 35.9%. The ratio of BP’s share price in pence to Brent in dollars is up 26%, the data show. That’s a rough measure of sensitivity, not an actual valuation metric.
June 24, 2026
Intertek Group plc Rejects EQT’s £8.3bn Bid — Why Investors Are Watching May 14
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Intertek share price leaves £300 million EQT deal gap after dividend payout

Intertek Group shares traded at 5,805 pence around midday on Wednesday. That put the stock 195 pence, or 3.36%, below EQT’s £60 cash offer. Across 153.9 million shares in issue, the gap is about £300 million — a market price for time and deal risk, not a discount to the often-quoted £61.077 package. The distinction matters on the dividend payment date. The 107.7-pence final dividend inside the £61.077 figure was paid on Wednesday. Intertek lists May 29 as the ex-dividend date, when new buyers stopped qualifying. A comparison with £61.077 would put the apparent gap at 302.7 pence, 55% above the actual cash spread.
June 24, 2026
Lloyds Banking Group (LSE: LLOY) stays close to 105p after Starmer resigns
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Lloyds share price weakens with Aldermore math raising buyback doubts

Lloyds Banking Group slipped 0.6% to 108.45 pence as of 12:12 BST on Wednesday. Barclays and NatWest were both down around 0.2%. Lloyds was trading 5.4% under its 52-week peak at 114.60p. Berenberg’s Michael Christodoulou initiated coverage on Lloyds with a “hold” rating and a 117p target, which is about 8% above where it traded midday. He put “buy” on both Barclays and NatWest, setting targets that suggest 21% and 31% upside, based on Tuesday’s close. Berenberg called Lloyds “an attractive domestic franchise but limited room for positive surprise at current valuations.”
June 24, 2026
Standard Chartered Moves Higher After Announcing Bahrain Retail Exit Plan
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Standard Chartered shares fall with $1.5 billion buyback close to wrapping up

Standard Chartered shares slipped 0.5% Wednesday with its $1.5 billion buyback almost done and the bank now looking at a possible sale of its Bahrain wealth and retail unit. The stock is about to lose buyback support before any possible sale brings in new cash. The bank had used $1.465 billion by Monday, covering 97.7% of the buyback. On Tuesday, it picked up another 727,000 shares for an average 2,083.6 pence per share, spending £15.15 million. With the dollar rate used in Monday’s filing, total buyback spending is now around $1.485 billion—about 99.0% of the full amount. That leaves close to $14.6 million. On Monday alone, the bank spent $20.3 million.
June 24, 2026
Haleon shares slip into the weekend after Redburn downgrade tests recovery hopes
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Haleon up 2% after £47.5 million buyback set below market

Haleon traded at 341 pence, gaining 2.2%, in delayed action in London around 9:08 a.m. BST. The FTSE 100 showed little movement later in the morning. The Sensodyne maker bought 14.29 million shares to cancel them, according to a June 22 filing. The buyback ran from June 16 to June 18. Venue-level data shows the group spent about 47.5 million pounds with an average price of 332.4 pence, around 2.6% under the latest price.
June 24, 2026
Experian (LON:EXPN) holds up after new £12m buyback filing
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Experian (EXPN.L) drops 1.8% in London after share buybacks outweigh staff dilution

Experian traded 1.8% lower at around 2,475 pence by 1052 BST on Wednesday, while the FTSE 100 slipped 0.1%. Experian said it’s applied to admit 65,000 shares for trading on June 26 to settle staff awards. This block admission covers shares tied to employee plans. At Wednesday’s price, the shares are worth about 1.6 million pounds, or around 0.007% of Experian’s 894 million shares.
June 24, 2026
Vodafone (LSE:VOD) drops for sixth day, closes in on 20% slide from past year’s high
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Vodafone sheds £5.7 billion from May high as VodafoneThree debt pressure grows

Vodafone shares traded down 0.14% at 106.25 pence by late morning in London on Wednesday. The stock is about 19% off its May 21 high of 131.10 pence. Based on 23.03 billion shares now outstanding, the decline has erased around £5.7 billion in market value—about £1.4 billion more than CK Hutchison’s £4.3 billion VodafoneThree stake. That doesn’t mean the deal drove the entire slide. It shows how much extra discount investors have priced in since the high. The stock is still 38.7% higher over the past year, far outpacing the UK blue-chip index’s 19.6%. But consensus numbers as of June 23 show a median 12-month target at 112.06 pence, just about 5% over the latest price. Analyst targets range from
June 24, 2026
BAT (LON:BATS) climbs after buyback reduces payout costs
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BAT (LON:BATS) climbs after buyback reduces payout costs

British American Tobacco shares traded higher for the third straight day on Wednesday, gaining 0.9% to 4,628 pence by 1101 BST. The stock added 2.5% on Monday and 3.1% Tuesday, for a 6.7% jump over three sessions. FTSE 100 held flat. Trading volume on Tuesday was 2.7 million, trailing the 50-day average of 4.5 million. The rally left the shares trading 2.1% over the average price BAT paid in its most recent buyback. BAT picked up 494,286 shares from June 15 to June 18, spending about £22.4 million, with an average price of 4,531.7 pence, according to daily data. The company is set to cancel the shares.
June 24, 2026
Defence pullback wipes £1bn off BAE Systems despite radar update
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Defence pullback wipes £1bn off BAE Systems despite radar update

BAE Systems shares dropped 1.9% to 1,789.5 pence by 0947 BST Wednesday, falling behind the FTSE 100, which was flat in early moves. The slide knocked around £1 billion off its £52.53 billion market cap and more than wiped out Tuesday’s 0.77% rise. BAE is now trading about 24% under its 52-week high. Europe’s defence stocks took a hit. The aerospace and defence index dropped 1.3%. Rheinmetall slid 13.9% after a report that Germany could drop a big frigate project. Shares in TKMS jumped 9.2% as it was reportedly favored to build smaller vessels. “You’ve got a very unstable environment and ongoing wars. That should feed into positive sentiment towards the defence sector, but it’s not happening,” Morningstar strategist Michael
June 24, 2026
London Stock Exchange Group stock slips under buyback price with gap growing
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London Stock Exchange Group stock slips under buyback price with gap growing

London Stock Exchange Group shares dropped 2.2% to 8,188 pence by 09:47 BST on Wednesday, wiping out Tuesday’s 1.1% rise. The FTSE 100 was flat, and LSEG underperformed the wider London market. The delayed quote showed trades at 09:47 BST. LSEG traded at a price 3.2% below the 8,459p average it spent for 12.8 million shares in the first quarter. The company bought back £1.1 billion of stock in that time and is targeting £3 billion in buybacks by February 2027. Its latest outlook sees 2026 revenue growth landing in the upper half of its 6.5%-7.5% range. CEO David Schwimmer said AI efforts this year are about “roll-out and adoption of these services.”
June 24, 2026
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