NYSE:STT

Fortescue slides with ASX mining stocks ahead of Tuesday open
·······

Fortescue slides with ASX mining stocks ahead of Tuesday open

Fortescue Ltd shares dropped nearly 3% to A$21.95 on Monday amid a broad selloff in Australian miners, pulling the S&P/ASX 200 to a seven-week low. BHP and Rio Tinto also fell, down 2.8% and 3.6% respectively. Brent crude traded above $110 a barrel, while Singapore iron ore slipped 0.3%. Fortescue’s only new filing showed State Street Corporation holding 5.02% of its shares.
May 18, 2026

Stock Market Today

  • National Grid Shares at £13: Still a Dividend Bargain?
    May 26, 2026, 1:40 PM EDT. National Grid (LSE: NG.) shares have risen 17.5% over the past year, trading above £10 for over a year, making them appear expensive. The company is investing tens of billions to expand its electricity transmission network through 2029 under the RIIO-T3 price control, allowing higher returns. Underlying earnings grew 14.7% last year, with 13-15% growth forecast for 2027. Despite a strong 32-year dividend history and a 74% payout ratio, the dividend yield is near a five-year low at 3.8%. Shares trade at a 19.65 P/E ratio, above the FTSE 100 average, reflecting market expectations of continued growth but limiting upside for income-focused investors.