News 29 April 2026 - 30 April 2026

BridgeBio shares slip as 2031 drug pricing risk pops up
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BridgeBio shares slip as 2031 drug pricing risk pops up

BridgeBio Pharma shares fell 2.8% to $67.18 after Raymond James downgraded the stock, citing payer-driven risks for its heart drug Attruby. The downgrade follows concerns that insurers may favor cheaper generics as Pfizer’s Vyndamax nears loss of exclusivity in 2031. BridgeBio reported $194.5 million in Q1 revenue, mostly from Attruby, and approved a $500 million buyback. The stock lagged biotech sector gains Tuesday.
May 26, 2026
Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada
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Shell’s $16 Billion Canada Bet Has Wall Street Giants Fighting Over LNG Canada

Apollo, Blackstone, and KKR remain in the running to buy a major stake in Shell’s LNG Canada project, a deal that could reach $15 billion, sources told Reuters. Shell this week agreed to acquire ARC Resources for $16.4 billion, adding supply near LNG Canada. Shell shares rose 0.87% in London after the news. The ARC deal is expected to close in the second half of 2026, pending approvals.
April 30, 2026
Why Severn Trent Plc Shares Jumped After United Utilities’ £11.5 Billion Water Bet
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Why Severn Trent Plc Shares Jumped After United Utilities’ £11.5 Billion Water Bet

Severn Trent shares jumped 6.7% after United Utilities unveiled an £11.5 billion investment plan and an £800 million share placing, lifting UK water stocks. United Utilities’ annual pretax profit more than doubled to £779 million, with revenue up 22%. Severn Trent’s own AMP8 plan was approved for £14.9 billion in spending. James Jesic became Severn Trent CEO on January 1.
April 30, 2026
Ofgem Shake-Up: UK Energy Bosses Face Bonus Ban as Regulator Gets New Powers
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Ofgem Shake-Up: UK Energy Bosses Face Bonus Ban as Regulator Gets New Powers

Britain will give Ofgem new powers to enforce consumer law directly and ban bonuses for energy executives who break rules. The overhaul comes as the energy price cap stands at £1,641 a year for a typical dual-fuel customer. Industry groups say questions remain about Ofgem’s culture and the legislative timeline. Ministers say the changes aim to address gaps in a more complex energy market.
April 30, 2026
Glencore PLC’s 19% Copper Jump Puts Trading Arm on Track to Beat Profit Target
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Glencore PLC’s 19% Copper Jump Puts Trading Arm on Track to Beat Profit Target

Glencore reported a 19% rise in first-quarter copper output to 199,600 metric tons and said its trading arm is set to exceed profit targets. Shares rose 2% in London after the update. Cobalt output dropped 39% due to export quotas in the Democratic Republic of Congo, with excess cobalt to be stockpiled. The company kept its 2026 copper production guidance unchanged.
April 30, 2026
National Grid plc’s £50 Million Grid Fix: New Line Sensors Aim to Cut UK Power Bottlenecks
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National Grid plc’s £50 Million Grid Fix: New Line Sensors Aim to Cut UK Power Bottlenecks

National Grid plc will install dynamic line rating technology on 585 km of transmission lines in England and Wales, aiming to save consumers up to £50 million over five years. The rollout targets key north-to-south routes and will cover 39 circuits, mainly to ease grid congestion as Britain increases renewable power flows. The work involves LineVision, Ampacimon, and Heimdall Power under a five-year contract.
April 30, 2026
Barclays PLC Shares Slip as £228 Million MFS Hit Clouds Q1 Profit
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Barclays PLC Shares Slip as £228 Million MFS Hit Clouds Q1 Profit

Barclays reported a £228 million charge linked to the collapse of Market Financial Solutions, overshadowing a 3.3% rise in first-quarter pretax profit to £2.81 billion. The bank announced a £500 million share buyback, below analyst expectations, and shares fell nearly 1% by late morning in London. Credit impairment charges rose to £823 million. The FCA is investigating MFS, which entered administration in February.
April 30, 2026
Lloyds Banking Group Profit Jumps 33% as Iran War Risk Clouds UK Bank Outlook
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Lloyds Banking Group Profit Jumps 33% as Iran War Risk Clouds UK Bank Outlook

Lloyds Banking Group posted a 33% jump in first-quarter pretax profit to £2.025 billion, beating forecasts and raising its 2026 net interest income outlook. The bank took a £151 million charge tied to the Middle East conflict and warned the Iran war could hit growth. Customer loans rose to £486.2 billion, while deposits slipped to £495.9 billion. Half-year results and a new strategy update are due in July.
April 30, 2026
HSBC’s New India Wealth Boss Shows Where the Bank Wants Growth Next
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HSBC’s New India Wealth Boss Shows Where the Bank Wants Growth Next

HSBC appointed Gautam Anand to lead its Global India private banking division, overseeing wealthy clients in India and major hubs abroad. The announcement comes days before HSBC’s first-quarter earnings on May 5. Anand joined HSBC Private Bank in December 2023 and previously managed South Asian client coverage. HSBC relaunched its India private banking business last year, targeting high-net-worth clients.
April 30, 2026
Rolls-Royce Holdings Stock Rises As 2026 Profit Outlook Holds Despite Middle East Disruption
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Rolls-Royce Holdings Stock Rises As 2026 Profit Outlook Holds Despite Middle East Disruption

Rolls-Royce kept its 2026 profit and cash-flow forecasts unchanged after a strong first quarter, citing a 5% rise in large engine flying hours to 115% of 2019 levels. Shares rose 2% in early London trading. The company said it is absorbing Middle East conflict disruption and expects underlying operating profit of £4.0–£4.2 billion. Large engine deliveries increased 18% and shop visits rose 12% in the quarter.
April 30, 2026
Bank of England Rate Decision Today: Oil Shock Puts Three UK Rate Hikes Back on the Table
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Bank of England Rate Decision Today: Oil Shock Puts Three UK Rate Hikes Back on the Table

Traders are betting on three Bank of England rate hikes by December as Brent crude hits $126.41 a barrel, its highest since March 2022, amid Middle East tensions. The BoE is expected to hold rates at 3.75% today, but markets are watching the vote split and inflation warnings. Ten-year gilt yields closed at their highest since July 2008. Sterling rose 0.1% to $1.3488 ahead of the decision.
April 30, 2026
Oil Price Shock: Brent Tops $126 as Trump’s Iran Blockade Deepens Hormuz Crisis
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Oil Price Shock: Brent Tops $126 as Trump’s Iran Blockade Deepens Hormuz Crisis

Brent crude futures jumped to $126.41 a barrel Thursday, the highest since March 2022, after reports that President Trump was briefed on new military options against Iran as the Strait of Hormuz remained closed. U.S. benchmark WTI traded above $108. Ship traffic through Hormuz remains far below normal, with just six ships crossing in 24 hours compared to 125–140 before the conflict began.
April 30, 2026
UK & AU Stock Market Today: Live Updates 30.04.2026
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UK & AU Stock Market Today: Live Updates 30.04.2026

LIVEMarkets rolling coverageStarted: April 30, 2026, 12:00 AM EDTUpdated: April 30, 2026, 11:57 PM EDT ASX ETF Picks for Retirement Blend Stability with Growth Potential April 30, 2026, 11:57 PM EDT. Investors eyeing retirement on the Australian Securities Exchange (ASX) are increasingly considering Exchange Traded Funds (ETFs) that offer a balance between stability and growth. ETFs provide a way to diversify portfolios by investing in a basket of securities, potentially reducing risk compared to single stocks. This approach suits retirees or those nearing retirement who prioritize capital preservation alongside steady returns. While the content is educational and not a direct
April 30, 2026
BHP Group’s China Iron Ore Deal Puts Yuan Pricing at Center of Market
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BHP Group’s China Iron Ore Deal Puts Yuan Pricing at Center of Market

BHP’s China iron ore settlement now includes renminbi-based pricing for some sales, sources told The Business Times. China Mineral Resources Group has released previously frozen BHP cargoes at ports, easing a months-long supply backlog. Iron ore futures fell in both Dalian and Singapore as supply concerns eased. BHP shares traded at A$54.95, down 0.87%, in early Melbourne trading.
April 29, 2026
Meta Stock Drops as $145 Billion AI Spending Shock Overshadows Earnings Beat
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Meta Stock Drops as $145 Billion AI Spending Shock Overshadows Earnings Beat

Meta Platforms raised its 2026 capital spending forecast to $125–$145 billion, up $10 billion from its earlier range, citing higher component prices and data-center costs. Shares fell about 5% in after-hours trading despite first-quarter revenue of $56.31 billion, which beat analyst expectations. Net income rose 61% to $26.77 billion, boosted by an $8.03 billion tax benefit. Ad impressions increased 19% year over year.
April 29, 2026
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Stock Market Today

  • Why Is Rolls-Royce Stock Trending Right Now
    May 26, 2026, 1:15 PM EDT. Rolls-Royce stock is drawing market attention amid evolving developments. Investors are watching the aerospace and defense firm's financial performance and strategic moves closely. Market trends reflect how external factors and company-specific news influence Rolls-Royce's share price. Analysts advise caution, noting that investment decisions should align with individual risk profiles and financial goals. Rolls-Royce's stock activity highlights broader themes in the aerospace sector and investor sentiment toward industrial manufacturers.