News 4 May 2026

OmniAb Stock Is Back Near Its High — Why OABI’s Next Few Days Matter
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OmniAb Stock Is Back Near Its High — Why OABI’s Next Few Days Matter

OmniAb shares held at $2.65 in early U.S. premarket trading Tuesday after closing Friday at a 52-week high, following a 21.6% weekly gain. Nasdaq was closed Monday for Memorial Day. The stock’s recent surge tracks OmniAb’s May 7 report of $14.4 million in first-quarter revenue and raised 2026 guidance, driven by a $10 million jump in milestone payments.
May 26, 2026
Valve’s $99 Steam Controller Sells Out Fast, and the Steam Machine Wait Gets Harder to Ignore
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Valve’s $99 Steam Controller Sells Out Fast, and the Steam Machine Wait Gets Harder to Ignore

Valve’s new Steam Controller sold out in about 30 minutes after launching Monday, with reports of purchase errors and a surge in user complaints around the 10 a.m. Pacific release. The $99 device is the first 2026 Valve hardware to reach buyers, while the Steam Machine and Steam Frame remain delayed amid memory and storage shortages. Valve has not provided new launch dates for those products.
May 4, 2026
Diploma PLC Share Price Nears Record Before May Results — Can Its FY26 Margin Upgrade Hold?
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Diploma PLC Share Price Nears Record Before May Results — Can Its FY26 Margin Upgrade Hold?

South Africa’s May social grant payments begin Tuesday, with older persons paid first, followed by disability and children’s grants through Thursday, SASSA said. The rollout comes days after Postbank ended cash services at Post Office branches, requiring beneficiaries to use other channels. Grant amounts increased in April. SASSA said payments will proceed as scheduled despite the operational changes.
May 4, 2026
UniCredit’s Commerzbank Takeover Just Cleared a Big Hurdle. Germany Is Digging In
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UniCredit’s Commerzbank Takeover Just Cleared a Big Hurdle. Germany Is Digging In

UniCredit shareholders approved a capital increase of up to 6.7 billion euros to fund an all-share offer for Commerzbank. The formal exchange offer is set to begin May 5 and run for four weeks. Commerzbank criticized the bid, saying it offers no real premium and threatens its German corporate-banking model. UniCredit’s stake in Commerzbank recently exceeded 30% when including derivatives.
May 4, 2026
Xiaomi 17 Fold Leak Just Took a Twist as Mix 5 Comeback Claim Gets Knocked Down
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Xiaomi 17 Fold Leak Just Took a Twist as Mix 5 Comeback Claim Gets Knocked Down

A new leak suggests Xiaomi is developing a book-style foldable phone with in-house silicon, code-named “Lhasa” and model 2608BPX34C, possibly launching in August 2026. Separate reports dispute claims of a Mix 5 comeback, tying the code instead to the Xiaomi 18 flagship. Product names, launch dates, and global release remain unconfirmed. Xiaomi ranked fifth in China smartphone shipments in Q1 2026.
May 4, 2026
Royal Mail No-Delivery Alert Hits Every UK Postcode Today
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Royal Mail No-Delivery Alert Hits Every UK Postcode Today

Royal Mail suspended all UK mail deliveries and collections on Monday, May 4, for the Early May Bank Holiday. The pause comes as the company faces scrutiny over missed delivery targets and ongoing changes to second-class letter services. Ofcom has relaxed delivery targets and allowed alternate-day delivery for second-class letters, with pilots underway and a full rollout expected by December 2026.
May 4, 2026
RENK Stock Faces a €585 Million Test as Orders Boom and Cash Flow Becomes the Real Story
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RENK Stock Faces a €585 Million Test as Orders Boom and Cash Flow Becomes the Real Story

RENK Group is expected to report first-quarter order intake above €585 million on May 6, amid record German defence spending. The company ended 2025 with €1.37 billion in revenue and €1.57 billion in orders but reported free cash flow of just €67 million. RENK plans $150 million investment in Michigan through 2030. Wellington Management holds over 5% of shares; short interest stands at 3.67%.
May 4, 2026
Jet2 LS190 Emergency: What Happened Before Glasgow Landing After 7700 Alert
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Jet2 LS190 Emergency: What Happened Before Glasgow Landing After 7700 Alert

Jet2 flight LS190 from Palma de Mallorca declared an emergency on approach to Glasgow on May 4, transmitting Squawk 7700 before landing safely at 14:52 BST. Early reports cited a possible passenger medical issue, but Jet2 has not confirmed the cause. Emergency services stood by as the Boeing 737-800 arrived ahead of schedule. The passenger’s identity and condition remain unreported.
May 4, 2026
ASX Today: Why Australia Stocks Fell as NAB, A2 Milk and RBA Rate Risk Hit the Market
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ASX Today: Why Australia Stocks Fell as NAB, A2 Milk and RBA Rate Risk Hit the Market

The S&P/ASX 200 closed 0.4% lower at 8,697.10 on Monday, led down by National Australia Bank, which reported first-half cash earnings of A$2.64 billion, missing estimates. Consumer staples fell after A2 Milk recalled U.S. infant formula and Endeavour Group warned of higher supply-chain costs. Investors await the Reserve Bank of Australia’s rate decision, with most expecting a 25-basis-point hike.
May 4, 2026
UK Stock Market Today: FTSE 100 Is Closed, But Tuesday’s Oil Test Looks Bigger Now
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UK Stock Market Today: FTSE 100 Is Closed, But Tuesday’s Oil Test Looks Bigger Now

London’s stock market was closed Monday for the Early May Bank Holiday, with the FTSE 100 last finishing Friday down 0.1% at 10,363.93. Brent crude surged over 5% to $113.92 a barrel after Iranian attacks in the Gulf, while European stocks fell sharply. The pan-European STOXX 600 dropped 1%, its biggest one-day fall in a month. Wall Street also traded lower as oil prices climbed and rate cut expectations faded.
May 4, 2026
PS Plus Deadline Today: Claim Three Free PS5 And PS4 Games Before FC 26 Arrives
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PS Plus Deadline Today: Claim Three Free PS5 And PS4 Games Before FC 26 Arrives

PlayStation Plus subscribers have until Monday to claim April’s Monthly Games—Lords of the Fallen, Tomb Raider I-III Remastered, and Sword Art Online Fractured Daydream—before they are replaced on May 5. EA Sports FC 26, Wuchang: Fallen Feathers, and Nine Sols become available Tuesday. Claimed games remain accessible only with an active subscription. Sony has not announced May’s Extra and Premium Game Catalog updates.
May 4, 2026
Sandisk Stock Keeps Climbing After AI Storage Earnings Beat, But The Price Cycle Is The Test
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Sandisk Stock Keeps Climbing After AI Storage Earnings Beat, But The Price Cycle Is The Test

Sandisk shares jumped $60.26 to $1,247.26 Monday after reporting fiscal Q3 revenue of $5.95 billion and announcing $42 billion in new long-term contracts. The stock hit an intraday high of $1,274.77. Analysts raised price targets, citing contract-driven revenue and AI storage demand. Sandisk also launched a $6 billion share repurchase program after repaying all debt.
May 4, 2026
Poste Italiane-TIM Takeover Faces Q1 Results Test as Debt and Agcom Move Into Focus
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Poste Italiane-TIM Takeover Faces Q1 Results Test as Debt and Agcom Move Into Focus

Telecom Italia is expected to report Q1 revenue of 3.32 billion euros and adjusted net debt of 7.31 billion euros, as Poste Italiane pursues a cash-and-share takeover. Both boards meet May 6 ahead of Poste’s results presentation. Poste shares fell 2.26% and TIM dropped 2.32% Monday in Milan trading. Italy’s regulator said the offer poses no significant consequences for now.
May 4, 2026
Xanadu Stock Plunges 59% After Resale Filing, Slashing OMERS’ Paper Windfall
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Xanadu Stock Plunges 59% After Resale Filing, Slashing OMERS’ Paper Windfall

Xanadu Quantum Technologies shares plunged 59% to $14.78 Monday after a U.S. prospectus registered up to 293.7 million Class B shares for resale by existing holders. The drop followed weeks after Xanadu’s Nasdaq debut and slashed the value of OMERS-affiliated entities’ stake from $1.45 billion to about $595 million. The company will not receive proceeds from these shareholder resales. Investors reacted to the potential flood of new shares.
May 4, 2026
RELX Stock Is Back in Focus as Buyback, Dividend Date and AI Legal Race Collide
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RELX Stock Is Back in Focus as Buyback, Dividend Date and AI Legal Race Collide

RELX’s U.S.-listed ADRs rose to $36.655 on Monday while London trading was closed for a UK holiday, ahead of the company’s ex-dividend date on May 7. An RNS filing showed 1.78 billion voting shares outstanding after buybacks. RELX is running a £350 million share repurchase as part of a £2.25 billion plan for 2026. The company recently offered to acquire French legal AI platform Doctrine.
May 4, 2026
Reckitt Benckiser Group plc Hit by Fresh Profit Slump as Dettol Owner’s Margin Test Deepens
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Reckitt Benckiser Group plc Hit by Fresh Profit Slump as Dettol Owner’s Margin Test Deepens

Reckitt Benckiser’s Bangladesh unit posted a 28.31% drop in first-quarter profit to Tk10.99 crore, with revenue down to Tk132.61 crore from Tk147.34 crore. Earnings per share fell to Tk23.26 from Tk32.45. Parent company sales growth missed analyst expectations, and first-half margins are forecast to be two percentage points lower than last year. Demand for hygiene brands in Bangladesh has eased since the pandemic.
May 4, 2026
Glencore Stock in Focus as Berenberg Sticks With Buy After 19% Copper Output Jump
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Glencore Stock in Focus as Berenberg Sticks With Buy After 19% Copper Output Jump

Berenberg reaffirmed its Buy rating on Glencore after the company reported a 19% jump in first-quarter copper output to 199,600 tonnes. London trading was halted for the Early May Bank Holiday, delaying market response. Glencore’s trading arm is on track to exceed its long-term earnings guidance. Cobalt output fell 39% as Congo operations prioritized copper.
May 4, 2026
Anglo American plc Share Count Update Puts Teck Copper Megadeal Back in Focus
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Anglo American plc Share Count Update Puts Teck Copper Megadeal Back in Focus

Anglo American reported total voting rights of 1,178,050,272 as of April 30, with no shares in treasury, amid its pending merger with Teck Resources. The London Stock Exchange was closed May 4 for a holiday; Anglo last traded at 3,590 pence on May 1. The Teck deal, agreed in September, would give Anglo shareholders 62.4% of the combined group. China antitrust approval remains the key hurdle for the merger.
May 4, 2026
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Stock Market Today

  • FCA Restores Northern Electric PLC Preference Shares to Official List
    May 26, 2026, 5:35 AM EDT. The Financial Conduct Authority (FCA) has restored Northern Electric PLC's preference shares to the Official List effective May 26, 2026, at 07:30 GMT. These securities, classified as non-equity and non-voting shares, will be admitted for trading on recognized exchanges including the London Stock Exchange, Aquis Stock Exchange, Cboe Europe, and the Shanghai-London Stock Connect. The FCA's restoration notice ensures renewed market accessibility and regulatory oversight for these shares. Market participants should monitor related exchange announcements for trading details.