News 8 May 2026

BP’s June Shake-Up Gives Meg O’Neill’s Oil-and-Gas Reset Its First Real Test
···

BP’s June Shake-Up Gives Meg O’Neill’s Oil-and-Gas Reset Its First Real Test

Morrisons was fined £737,000, with costs and a surcharge pushing the total above £750,000, after admitting food hygiene offences at its Cwmbran store. Inspectors found dirty equipment, poor cleanliness, and failures in food safety controls in the bakery. The store’s bakery was closed for a deep clean and later improved its hygiene rating. The fine was reduced from £1.1 million due to an early guilty plea.
May 8, 2026
Boeing F-47 Puts Japan’s GCAP Sixth-Generation Fighter Plan Under Fresh Pressure
···

Boeing F-47 Puts Japan’s GCAP Sixth-Generation Fighter Plan Under Fresh Pressure

U.S. Air Force plans show F-47 research funding rising to over $5 billion in 2027 and nearly $5.3 billion in 2028. Japan’s Ministry of Defense says the Mitsubishi F-2 will retire around 2035, putting pressure on the joint GCAP fighter program with Britain and Italy. Delays in GCAP funding have kept U.S.-built options like the F-35 and F-47 under consideration in Tokyo.
May 8, 2026
TotalEnergies Opens 400-kW Berlin EV Hub as Germany’s Charging Race Speeds Up
···

TotalEnergies Opens 400-kW Berlin EV Hub as Germany’s Charging Race Speeds Up

TotalEnergies opened an 18-point ultra-fast EV charging hub near Berlin Central Station, offering 400-kilowatt renewable-powered chargers. Germany counted 51,253 fast-charging points as of April 1, while battery-electric car registrations jumped 41% in April to 64,350. EnBW and public programs are expanding fast-charging networks, intensifying competition in urban and highway locations.
May 8, 2026
Tokyo Kiraboshi Ends ¥40 Billion New Bank Tokyo Bailout Shadow; Stock Sale Test Looms
···

Tokyo Kiraboshi Ends ¥40 Billion New Bank Tokyo Bailout Shadow; Stock Sale Test Looms

Tokyo Kiraboshi Financial Group will buy back and cancel all 2 million Class II preferred shares held by the Tokyo Metropolitan Government for ¥40 billion on May 25, ending a public-funds overhang tied to former ShinGinko Tokyo two years ahead of schedule. Shares closed down 5.2%. The board approved the move Friday. A separate Sumitomo Mitsui Trust Bank share sale is pending.
May 8, 2026
Deutz-Fahr Shake-Up: Germany Sales Chief Out After Eight Months, Sapio Takes Control
···

Deutz-Fahr Shake-Up: Germany Sales Chief Out After Eight Months, Sapio Takes Control

SDF Group has appointed Alessandro Sapio to lead marketing, sales, and after-sales at Same Deutz-Fahr Deutschland after Stephan Formica’s sudden exit as Chief Commercial Officer. Sapio, already COO, now oversees all German operations from Lauingen. The change comes as German tractor registrations fell over 12% in 2025, with Deutz-Fahr ranking fourth in the market. No reason was given for Formica’s departure.
May 8, 2026
Lidl Loyalty Scheme Backlash: Shoppers Say New Points Don’t Add Up
···

Lidl Loyalty Scheme Backlash: Shoppers Say New Points Don’t Add Up

Lidl has replaced its Coupon Plus scheme with Lidl Plus Points, moving to an app-based system where shoppers earn one point per £1 spent. Some customers say the new rewards require much higher spending for similar perks, with MoneySavingExpert citing a £70 spend now needed for a free bakery item once earned after £10. Lidl says bonus campaigns will increase value. The change took effect this week.
May 8, 2026
Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work
···

Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it reorganizes around agentic AI. Shares fell 19% in extended trading after the announcement, despite first-quarter revenue rising 34% to $639.8 million and adjusted earnings beating estimates. The company expects up to $150 million in restructuring charges, mostly in Q2. Departing employees will receive pay through 2026 and extended healthcare.
May 8, 2026
Why Nintendo’s Switch 2 Price Hike Is Hitting Now
···

Why Nintendo’s Switch 2 Price Hike Is Hitting Now

Nintendo will raise Switch 2 prices in Japan, the U.S., and Europe, citing higher component costs and tariffs. The Japanese price increases to 59,980 yen on May 25; the U.S. price rises to $499.99 on Sept. 1. Nintendo forecasts Switch 2 sales to fall to 16.5 million units this year, down from 19.86 million. Net profit for the last fiscal year rose 52% to 424.1 billion yen.
May 8, 2026
L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead
···

L&T Bags ₹2,500–₹5,000 Crore Realty Orders As Hyderabad, Mumbai And Karnataka Projects Move Ahead

Larsen & Toubro’s Buildings & Factories business secured large real-estate orders in Hyderabad, Mumbai, and Karnataka, days after warning of slower growth from Middle East disruptions. The company did not disclose the client or contract values. The new domestic projects include high-rise towers, a luxury hotel, and villas. Middle East orders made up about 40% of L&T’s record 7.4 trillion rupee backlog last quarter.
May 8, 2026
Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking
···

Rheinmetall Stock Falls Below €1,300 After JPMorgan Downgrade: Why the Defense Rally Is Cracking

Rheinmetall shares fell below 1,300 euros Friday, hitting a one-year low after JPMorgan downgraded the stock and cut its price target. The company reported first-quarter sales of 1.94 billion euros, missing analyst forecasts, and said operating free cash flow dropped by 527 million euros to minus 285 million euros. Order backlog rose to 73 billion euros at the end of March.
May 8, 2026
Federal Bank EPFO Payments Go Live: What Changes For Employers Paying PF Dues
···

Federal Bank EPFO Payments Go Live: What Changes For Employers Paying PF Dues

Federal Bank has enabled Employees’ Provident Fund Organisation payments through its net-banking platform, offering customers a direct online channel to pay EPF dues. The service, launched in New Delhi with EPFO officials present, aims to streamline compliance for businesses and individuals. Federal Bank shares traded at 295 rupees, down 0.69% at 2:22 p.m. Friday. EPFO’s network of empanelled banks rose to 32 from April 2025.
May 8, 2026
Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show
···

Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show

Titan reported a 35% rise in March-quarter profit to ₹1,179 crore, missing analyst estimates, as costs and gold-price swings weighed on results. Total income jumped 46% to ₹20,300 crore, led by 50% growth in jewellery sales. The board recommended a ₹15 dividend per share. Titan shares climbed 6.3% in afternoon trade after the earnings release.
May 8, 2026
IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure
···

IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure

International Consolidated Airlines Group cut its 2026 profit, cash flow, and capacity forecasts, citing higher jet fuel costs linked to Middle East conflict. Shares fell 4.1% in early London trading. IAG now expects a €9 billion annual fuel bill and says free cash flow will miss its earlier €3 billion target. Revenue rose 1.9% to €7.18 billion in the first quarter, with operating profit up 77%.
May 8, 2026
HSBC Holdings Plc Wins Saudi Debt Role as $400 Million Credit Hit Shadows AGM
···

HSBC Holdings Plc Wins Saudi Debt Role as $400 Million Credit Hit Shadows AGM

HSBC Holdings Plc has been named a primary dealer in Saudi Arabia’s local government debt market, the Ministry of Finance said Thursday. The move gives HSBC direct access to channel investor orders for riyal-denominated debt. Saudi sovereign debt stood at 1.519 trillion riyals at the end of 2025, with foreign ownership of riyal sukuk rising to 12.8% by September. HSBC shareholders meet for the bank’s annual general meeting in London on Friday.
May 8, 2026
SBI Q4 Results Today: Treasury Pain, Dividend Watch and $2 Billion Funding Plan Could Move the Stock
···

SBI Q4 Results Today: Treasury Pain, Dividend Watch and $2 Billion Funding Plan Could Move the Stock

State Bank of India will report March-quarter earnings Friday, with analysts projecting net profit between ₹16,474 crore and ₹20,116 crore, amid weaker treasury income and higher funding costs. SBI shares fell 1.3% by 13:30 IST Thursday. The board may also consider a FY26 dividend. An executive committee meeting on May 12 will weigh raising up to $2 billion via long-term bonds, according to an exchange filing.
May 8, 2026
UK & AU Stock Market Today: Live Updates 08.05.2026

UK & AU Stock Market Today: Live Updates 08.05.2026

LIVEMarkets rolling coverageStarted: May 8, 2026, 12:00 AM EDTUpdated: May 8, 2026, 11:59 PM EDT Valuing Commonwealth Bank of Australia Shares Using Dividend Yield and PE Ratio May 8, 2026, 11:19 PM EDT. The Commonwealth Bank of Australia (CBA) shares trade at a PE ratio of 31.2x, considerably above the banking sector average of 19x, indicating potential overvaluation by this metric. Analysts use PE ratio comparisons to assess if shares are priced fairly against peers, but this can be misleading as lower ratios might reflect underlying issues. A more reliable valuation method for CBA involves the Dividend Discount Model (DDM),
May 8, 2026
Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up
···

Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up

Unilever bought about 3.3 million shares between April 30 and May 1 as part of its €1.5 billion buyback, holding them in treasury, according to a May 6 filing. The move comes as Unilever prepares to spin off its food unit in a $44.8 billion merger with McCormick, leaving a company focused on beauty and home care. First-quarter underlying sales rose 3.8%, but turnover fell 3.3% to €12.6 billion due to currency effects.
May 8, 2026
1 … 49 50 51 52 53 … 344

Stock Market Today

  • PhosCo Advances Gasaat Project with Cost-Cutting Metallurgical Breakthrough
    May 26, 2026, 12:00 AM EDT. PhosCo (ASX: PHO) revealed breakthrough metallurgical test results at its Gasaat Phosphate Project, showing a single-stage flotation process that cuts processing complexity and costs. The simplified method achieves commercial-grade concentrate with 31.4% P2O5 and 75.1%-83.7% recovery, eliminating three silica flotation steps. Use of saline bore water further trims expenses. The findings will feed into an updated Scoping Study due Q3 2026. Gasaat holds a global 166.6 million tonnes resource at 20.6% P2O5, with strong JORC classification and ongoing exploration success. While precise cost savings await further study, this technical advance supports PhosCo's path towards project feasibility and development.