News 24 April 2026

AeroVironment Stock Jumps As $20 Million Missile-Factory Push Puts Drone Defense Back In Play
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AeroVironment Stock Jumps As $20 Million Missile-Factory Push Puts Drone Defense Back In Play

AeroVironment shares rose 4.6% to $182.26 after announcing a $20.2 million government investment to expand its Huntsville, Alabama, site for Freedom Eagle-1 interceptor production. The 24,000-square-foot facility will support initial and full-rate manufacturing for U.S. Army needs. The move follows recent Army contracts worth nearly $193 million. Trading volume topped 1.6 million shares amid a strong tech market session.
May 27, 2026
BHP Group’s China Iron Ore Truce Comes With a Pricing Catch
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BHP Group’s China Iron Ore Truce Comes With a Pricing Catch

BHP Group has agreed to price its Jimblebar Fines iron ore using a Chinese index, settling a dispute with China Mineral Resources Group, according to sources cited by Energy News and Reuters. The deal includes a weighted average of four price indices and a 1.8% discount on some cargoes. BHP’s Western Australia Iron Ore unit produced 69.8 million tons in the March quarter, beating estimates. BHP declined to comment on the reported terms.
April 24, 2026
Royal-Worn Russell & Bromley Shuts More Stores As Next Rescue Leaves Shoe Chain With Three Shops
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Royal-Worn Russell & Bromley Shuts More Stores As Next Rescue Leaves Shoe Chain With Three Shops

Russell & Bromley has closed more UK stores this week, including Covent Garden, as part of a wider shutdown following its January administration. Next bought the brand, intellectual property, and three stores for £2.5 million, leaving 33 stores and nine concessions outside the deal. Administrators are offering discounts of up to 90% at closing sites, and gift cards are no longer accepted. The company posted an EBITDA loss of £12.1 million in 11 months to November 2025.
April 24, 2026
United Utilities Group PLC’s £34 Million River Irwell Cleanup Comes With a Bill-Payer Test
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United Utilities Group PLC’s £34 Million River Irwell Cleanup Comes With a Bill-Payer Test

United Utilities has launched over £34 million in water-quality projects around Bury, Prestwich, and Whitefield, aiming to reduce storm overflow discharges into the River Irwell. The company is spending £28 million at Bury wastewater treatment works on new storm tanks due in June. United Utilities shares closed at 1,339.50 pence, down 0.37% on the day. Full-year results are due May 14.
April 24, 2026
ConvaTec Shares Drop Again as Wound-Care Warning Puts 2026 Growth Plan in Focus
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ConvaTec Shares Drop Again as Wound-Care Warning Puts 2026 Growth Plan in Focus

Convatec shares fell 1.69% to £2.21 in London Friday, closing nearly 30% below their 52-week high as investors reacted to weakness in the wound-care market. The drop followed Coloplast’s cut to its 2025/26 outlook and a DKK 3 billion impairment on its Kerecis business. Convatec expects InnovaMatrix revenue to fall to $20 million in 2026 due to U.S. Medicare changes.
April 24, 2026
Bunzl Shares Rise Again After Q1 Update: What the North America Rebound Means
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Bunzl Shares Rise Again After Q1 Update: What the North America Rebound Means

Bunzl shares closed up 0.91% at 2,447 pence in London on Friday, rising for a third straight session after the company maintained its 2026 outlook. First-quarter revenue rose 1.5% at constant exchange rates, while underlying revenue climbed 2.0%. North America, Bunzl’s largest region, saw underlying growth slightly ahead of the group. Adjusted operating profit met management’s expectations.
April 24, 2026
Jet2 Makes Major Summer Flight Price Promise As Fuel Fears Hit UK Holidays
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Jet2 Makes Major Summer Flight Price Promise As Fuel Fears Hit UK Holidays

Jet2 said Friday it will no longer add post-booking surcharges to flights or package holidays, guaranteeing the price paid at booking, with resort taxes excluded. The move comes as rivals including British Airways owner IAG raise fares to offset rising jet fuel costs. The UK government said airlines are not yet facing a jet fuel shortage but relaxed airport slot rules in case of future disruptions. Jet2 has 20 million seats on sale for summer 2026, up 8% from last year.
April 24, 2026
Tesco PLC Buyback Starts: £750 Million Return Moves Ahead as War Risk Clouds Grocery Outlook
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Tesco PLC Buyback Starts: £750 Million Return Moves Ahead as War Risk Clouds Grocery Outlook

Tesco bought 415,797 shares for cancellation on April 23 as part of a new £750 million buyback, paying an average 481.00 pence each. The company has acquired 822,350 shares for about £4 million since the programme began. Tesco shares closed up 0.89% while the FTSE 100 fell 0.75%. The grocer reported £66.59 billion in annual sales and a 28% market share.
April 24, 2026
Rio Tinto plc’s ERA Court Fight Puts Ranger Mine Cleanup Back in Focus
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Rio Tinto plc’s ERA Court Fight Puts Ranger Mine Cleanup Back in Focus

A Federal Court decision is pending on Rio Tinto’s attempt to compulsorily acquire the remaining shares of Energy Resources of Australia, after 123 shareholders filed objections above the legal threshold. ERA spent $47 million on Ranger uranium mine rehabilitation in the March quarter, with Pit 3 capping work delayed by weather and permit issues. ERA reported $211.5 million in cash at March 31.
April 24, 2026
Australia Stock Market Today: ASX 200 Slides Again as Oil Shock Hits Miners, Banks and Risk Appetite
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Australia Stock Market Today: ASX 200 Slides Again as Oil Shock Hits Miners, Banks and Risk Appetite

The S&P/ASX 200 closed down 0.08% at 8,786.50 on Friday, capping a 1.8% weekly drop—its worst since mid-March. Miners and gold stocks fell, offsetting gains in energy and utilities. Fortescue dropped 5.7% after cutting Iron Bridge guidance and announcing a $680 million Pilbara investment. Brent crude traded above $105 a barrel, fueling investor caution amid Middle East tensions.
April 24, 2026
UK Stock Market Today: FTSE 100 Slides as Oil Shock, Iran Tensions and BoE Warning Bite
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UK Stock Market Today: FTSE 100 Slides as Oil Shock, Iran Tensions and BoE Warning Bite

The FTSE 100 fell 0.8% to 10,379.08 on Friday, erasing gains made after the U.S.-Iran ceasefire, while the FTSE 250 also dropped 0.8%. Bank of England Deputy Governor Sarah Breeden warned that asset prices may not reflect global risks. Wizz Air lost 3.3%, AstraZeneca dropped 3.7%, and Mondi plunged 11.1% after a cost warning. Retail sales rose 0.7% in March, mostly due to higher fuel purchases.
April 24, 2026
Standard Chartered’s $2 Billion India Energy Mandate Puts StanChart Back in the Deal Spotlight
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Standard Chartered’s $2 Billion India Energy Mandate Puts StanChart Back in the Deal Spotlight

Standard Chartered Bank has been appointed by Actis to advise on the sale of BluPine Energy, an Indian renewable energy platform valued at around $2 billion, according to The Economic Times. BluPine has about 4 GW of capacity. Standard Chartered also bought 832,000 of its own shares on April 23 as part of an ongoing buyback. Its shares closed down 0.82% in London on Friday.
April 24, 2026
3i Group Shares Slide Again as Action Growth Worries Test FTSE 100 Firm
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3i Group Shares Slide Again as Action Growth Worries Test FTSE 100 Firm

3i Group shares closed down 1.83% at 2,627.50 pence in London on Friday, extending a three-day slide and leaving the stock 41.57% below its 52-week high. The drop comes ahead of 3i’s annual results on May 14, as investors focus on softer like-for-like sales growth at Action, its largest holding, which reported a 4.0% rise in comparable sales for early 2026, with France up just 0.9%.
April 24, 2026
Anglo American Coal Sale Back In Play As Three Bidders Circle Australia Mines
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Anglo American Coal Sale Back In Play As Three Bidders Circle Australia Mines

Anglo American has attracted at least three bidders, including Stanmore Resources, Mitsubishi Corp, and PT Buma Internasional Grup, for its Australian steelmaking coal assets, Bloomberg reported. The revived sale follows Peabody Energy’s withdrawal from a $3.78 billion deal last year. Anglo shares fell 1.44% in London trading. The sale comes as Anglo seeks to exit non-core businesses and pursue a merger with Teck Resources.
April 24, 2026
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Stock Market Today

  • Hiscox Stock Targets Rise as Analysts Upgrade Fair Value and Capital Returns
    May 26, 2026, 7:41 PM EDT. Analysts have raised the fair value estimate for insurance firm Hiscox (LSE:HSX) from £16.06 to £16.90, with price targets now ranging between £16.11 and £18.00. Morgan Stanley increased its target to £18.00 maintaining an Overweight rating, while RBC Capital raised its target to £17.10 with an Outperform stance. Citi raised its target to £16.11 but kept a Neutral rating, reflecting cautious optimism. The upgrades highlight improved revenue growth assumptions, a higher net profit margin, and a slightly increased price-to-earnings (P/E) ratio forecast. However, the narrower target range suggests limited upside if execution falters. Investors should watch for risks and evolving narratives to gauge Hiscox's potential amid shifting analyst views and capital return strategies.