Today: 2 July 2026

Michał Rogucki

Michał Rogucki is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic developments. A graduate of Humboldt University of Berlin, he previously worked in investment research and market analysis before transitioning to financial journalism. He covers the trends and events that matter most to investors worldwide.

SSE Plc Grid Push Moves Closer After Ofgem Signals Support for Early Funding on 8 Scottish Projects

SSE Plc Grid Push Moves Closer After Ofgem Signals Support for Early Funding on 8 Scottish Projects

Britain’s energy watchdog Ofgem on March 5 said it’s considering giving SSE the green light to go ahead with its entire early-construction funding request for eight Scottish transmission projects—meaning SSE could move forward on land purchases, prep work, and placing equipment orders well before final project reviews are finished. In the consultation, Ofgem indicates it’s inclined to let Scottish Hydro Electric Transmission, SSE’s transmission arm, exceed the typical 20% early-spend cap for five of the projects. That would require changing its licence. SSE has tilted the bulk of its five-year investment plan—roughly 80%—toward regulated networks, and that shift is drawing attention now. According to Ofgem, hitting those project milestones by 2030 could slash constraint payments, which are the charges that pop up when the grid can’t deliver electricity where it’s needed, and keep high-priority upgrades on track.
6 March 2026
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Compass Group PLC Shares Jump as Investors Reassess AI Fears, 2026 Outlook Holds

Compass Group PLC Shares Jump as Investors Reassess AI Fears, 2026 Outlook Holds

Shares of Compass Group PLC snapped higher on Thursday, climbing 3.18% to 2,306 pence and putting the stock near the top of the FTSE 100’s leaderboard, even as the broader index slipped to a three-week low. The move stands out—Compass, the world’s biggest caterer, has been clawing its way back after tumbling hard in February. Back on Feb. 5, the company topped forecasts for first-quarter revenue growth, but the shares still sank to a three-year low as investors zeroed in on fears that artificial intelligence might erode office demand.
6 March 2026
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Rio Tinto seals $1.1 billion Pilbara desalination deal with WA government as water stress mounts (Rio Tinto)

Rio Tinto seals $1.1 billion Pilbara desalination deal with WA government as water stress mounts (Rio Tinto)

KARRATHA, Australia, March 6, 2026, 17:20 AWST Rio Tinto plc and Western Australia’s government on Wednesday unveiled a 50:50 partnership to bring both phases of the A$1.1 billion Dampier Seawater Desalination Plant across the finish line. Once up and running, the facility is expected to deliver 8 billion litres annually to the West Pilbara Water Supply Scheme. Rio will handle plant operations.
6 March 2026
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GSK steps up share buyback as fresh annual report spells out CEO Luke Miels’ 2026 priorities

GSK steps up share buyback as fresh annual report spells out CEO Luke Miels’ 2026 priorities

GSK picked up 650,000 shares on Thursday for its buyback, paying prices from 2,072 pence up to 2,135 pence apiece. Those shares are headed for treasury, according to the company. GSK’s acquisition comes as the company works to advance its pipeline and stick to its shareholder-returns roadmap under new CEO Luke Miels, who stepped in at the end of December, following Emma Walmsley’s departure.
6 March 2026
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RELX PLC reiterates 2026 growth outlook as AI fears keep pressure on shares

RELX PLC reiterates 2026 growth outlook as AI fears keep pressure on shares

RELX PLC stuck to its 2026 growth targets in a March investor deck published Thursday, pointing to wider adoption of artificial intelligence in its product lineup as a driver for both customer value and profits. The latest update, posted after a tough stretch for legal and data names, keeps the FTSE 100 information company pressing its advantage. The question hanging over RELX right now: will generative AI shore up the company’s businesses, or undercut them? The past month has seen investors wrestling with that. Back in early February, Reuters highlighted how Anthropic’s legal AI tools helped spark a wave of selling in RELX, along with Thomson Reuters and Wolters Kluwer. Yet Thursday saw RELX claw back 2.74%, ending the session at 2,623 pence. The FTSE 100 dropped 1.45%.
6 March 2026
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Reckitt Benckiser Shares Sink as 2026 Margin Questions Overshadow Q4 Sales Beat

Reckitt Benckiser Shares Sink as 2026 Margin Questions Overshadow Q4 Sales Beat

Shares of Reckitt Benckiser Group plc tumbled 5.8% in London on Thursday—the steepest loss in nearly a year. The selloff came even as fourth-quarter sales topped expectations, thanks to gains in China and India. Investors zeroed in on management’s refusal to set a 2026 margin target, choosing to sidestep the upbeat revenue news. Pressure on profits after the Essential Home divestment weighed on sentiment. This shift is key for Reckitt, which has been aiming to prove that a more focused health and hygiene lineup can reliably convert top-line gains into better profit growth. The company, tracking a similar playbook to Unilever and Nestle, has been cutting underperformers and leaning heavily into brands with better margins and stronger momentum. But Thursday’s drop made it clear: investors wanted more transparency in the earnings numbers.
6 March 2026
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HSBC Holdings Plc Executive Share Sale Puts Rally, Buyback Pause in Focus

HSBC Holdings Plc Executive Share Sale Puts Rally, Buyback Pause in Focus

Surendra Rosha, Asia and Middle East co-CEO at HSBC Holdings Plc, offloaded 308,400 shares in Hong Kong on March 3, collecting HK$43.2 million, according to a stock exchange filing. No explanation for the sale was given in the document. The sale comes just as HSBC urges investors to shift their focus from restructuring efforts to growth prospects. Last week, the bank bumped up its target for return on tangible equity, aiming for at least 17% between 2026 and 2028. As for fresh buybacks, those are on hold until the bank replenishes capital following the Hang Seng Bank take-private.
6 March 2026
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Shell Plc Signs Venezuela Oil and Gas Deals, Putting Dragon Gas Project Back in Play

Shell Plc Signs Venezuela Oil and Gas Deals, Putting Dragon Gas Project Back in Play

CARACAS, March 6, 2026, 04:13 Shell Plc on Thursday inked several oil and gas deals with Venezuela, aiming to jumpstart development at the offshore Dragon field after years of delays, the company announced. Trinidad’s Energy Minister Roodal Moonilal added that under the new agreement, first gas exports to Trinidad are now expected in the third quarter of 2027.
6 March 2026
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British American Tobacco p.l.c. Faces Fresh UK Shareholder Lawsuit Over North Korea Sanctions Fallout

British American Tobacco p.l.c. Faces Fresh UK Shareholder Lawsuit Over North Korea Sanctions Fallout

British American Tobacco is being sued in London by over 100 current and former shareholders, who allege the company didn’t fully disclose U.S. sanctions breaches tied to its North Korea operations. The group lodged their claim at London’s High Court on Feb. 27, according to the claimants’ legal team. BAT’s legal headaches come at a tricky moment. Just last month, the company reiterated its 2026 guidance: it’s sticking to 3% to 5% sales growth, 4% to 6% in operating profit, and a 5% to 8% rise in per-share earnings, each figure pegged to the low end of the stated ranges. Spending continues to flow into new nicotine offerings and efforts to boost productivity.
6 March 2026
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Unilever PLC’s India Unit Exits Nutritionalab as Premium Growth Push Gains Pace

Unilever PLC’s India Unit Exits Nutritionalab as Premium Growth Push Gains Pace

Hindustan Unilever, the India arm of Unilever PLC, has wrapped up the sale of its full 19.8% holding in Nutritionalab Private Limited. The deal fetched around 307 crore rupees, or about 3.07 billion rupees in total, according to a March 4 filing with the stock exchange. This shift is significant right now as HUL puts more money behind premium, high-growth segments. On Feb. 18, the company announced plans to invest as much as 2,000 crore rupees over two years to boost manufacturing for Beauty & Wellbeing and Home Care liquids. CEO Priya Nair described the move as a way to “scale our brands and create categories of the future.”
6 March 2026
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BAE Systems Shares Slip Despite Buyback and Higher Broker Target as Defence Rally Cools

BAE Systems Shares Slip Despite Buyback and Higher Broker Target as Defence Rally Cools

BAE Systems settled at 2,150 pence on Thursday, pulling back despite Berenberg lifting its price target and news of further buybacks under the company’s ongoing share repurchase programme. The decline stings, given BAE’s standing as one of the top-performing European defence names this year. According to Berenberg, shares have gained 32% since the beginning of 2026. Still, the bank stuck with its hold recommendation. It did nudge up its price target to 2,300 pence from 2,000, suggesting only a bit of further upside from here.
6 March 2026
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Pro Medicus Shares Jump 9% as Buyers Return After Brutal AI-Led Selloff

Pro Medicus Shares Jump 9% as Buyers Return After Brutal AI-Led Selloff

Pro Medicus surged roughly 9% on Friday, with the Australian medical imaging software stock continuing its rebound. Investors piled back in after last week's steep post-results slide. Shares last changed hands at A$132.70, up 9.23%, building on Thursday’s rally. This shift is significant: Pro Medicus, once packed with bullish trades on the ASX, has flipped into a major underperformer this year. Despite Friday’s rally, shares remain down 44.9% for 2026. That rough patch started with the Feb. 12 results, which sparked a 23.8% plunge in a single session as investors bailed out of high-flying software names on AI jitters.
6 March 2026
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MinRes lifts the hood on Onslow Iron: the numbers behind Mineral Resources’ Ken’s Bore push

MinRes lifts the hood on Onslow Iron: the numbers behind Mineral Resources’ Ken’s Bore push

Mineral Resources Limited said late Thursday that three crushers are now running at its Ken’s Bore site on the Onslow Iron project, giving the operation a total installed capacity of 40.9 million tonnes per year. The miner, which is relying more heavily on iron ore for cash flow, outlined the details in a post on its website. Onslow Iron is now the key thread in MinRes’ earnings narrative, with unstable lithium markets forcing investors to scrutinize execution, cost controls and shipping. Last month, MinRes disclosed net debt of A$4.9 billion, while liquidity climbed to A$1.4 billion, following what the company described as its strongest first-half on record.
6 March 2026
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Qantas Airways reroutes Perth-London via Singapore, adds London flight as Middle East conflict hits travel

Qantas Airways reroutes Perth-London via Singapore, adds London flight as Middle East conflict hits travel

Qantas Airways is shifting its Perth-London flights to make a stop in Singapore for refueling, while also putting another Sydney-London A380 flight into the mix. The move comes as Middle East conflict continues to disrupt the typical Europe-Asia air corridor, putting pressure on routes. Seats remain available, though it's clear the ripple effects from the region have hit Qantas’s Europe operations. Right now, this is a big deal: Emirates, Qatar Airways, and Etihad typically handle over half the traffic between Europe and Australia, New Zealand, and the Pacific islands, Cirium data shows. But with Doha out of action—and limited flights running out of Dubai and Abu Dhabi—passengers are scrambling for non-Gulf options. “The biggest shutdown we’ve seen certainly since the COVID pandemic,” said Paul Charles at consultancy PC Agency.
6 March 2026
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South32’s 90% Base-Metals Bet Takes Shape as CEO Graham Kerr Pushes North America Pivot

South32’s 90% Base-Metals Bet Takes Shape as CEO Graham Kerr Pushes North America Pivot

South32 could have roughly 90% of its production in base metals — industrial metals such as copper, zinc and lead — within 18 months, outgoing Chief Executive Graham Kerr said in an interview published by Financial Mail on March 5, sharpening the miner’s North America tilt as a leadership handover nears. The timing matters because mining investors have been paying up for simpler copper stories. “I think most people are looking for pure plays,” Kerr said, using market shorthand for miners focused on one or a few metals, and compared South32 with Anglo American and Glencore, which he said are building copper output of more than 1 million tonnes a year.
6 March 2026
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Evolution Mining Limited shares sink 6% as ASX gold miners sell off despite bullion rebound

Evolution Mining Limited shares sink 6% as ASX gold miners sell off despite bullion rebound

Shares of Evolution Mining Ltd dropped nearly 6% on Friday, deepening losses across Australian gold miners as risk-off sentiment prompted investors to exit the sector. The stock was last seen at A$14.79, off 5.98%, Reuters market data showed. This shift lands less than a month after Evolution posted record half-year earnings, bumped up its interim dividend, and signed off on new growth investment for Northparkes and Ernest Henry. But on Friday, the shares slid, a sharp reminder that even heavyweight gold producers aren’t shielded when investors switch to defense.
6 March 2026
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Malaysia tells lawmakers Lynas rare earth licence rules won’t soften under US minerals pact

Malaysia tells lawmakers Lynas rare earth licence rules won’t soften under US minerals pact

Malaysia’s trade ministry said the new 10-year licence granted to Lynas Rare Earths won’t alter any of the technical conditions already imposed on its local operations, despite commitments under a reciprocal trade statement and a critical minerals memorandum signed with the United States. It’s a pressing concern in Kuala Lumpur: the government is seeking foreign investment and partners in critical minerals, yet public outrage continues over radioactive by-products at Lynas’ Malaysian processing site.
6 March 2026
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Westpac Banking Corporation Plans to End SEC Reporting While Keeping U.S. Bond Sales

Westpac Banking Corporation Plans to End SEC Reporting While Keeping U.S. Bond Sales

Westpac Banking Corp intends to pull its SEC registration as soon as May 2026, according to a filing, shifting its approach to long-term U.S. dollar funding but retaining its link to U.S. debt investors. The bank said it would halt its standard SEC reporting once it submits Form 15F, triggering a roughly 90-day clock until deregistration is finalized. This shift is significant right now: Australia’s third-largest bank by market cap could sidestep one tier of U.S. reporting, yet still tap dollar funding. Westpac pointed to brisk household deposit growth, enough to take its deposit-to-loan ratio past 80%—an indicator of how much its loans lean on customer funds—as local Australian debt markets matured further.
6 March 2026
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Wesfarmers fertiliser shock: CSBP flags delays as Iran war hits supply lines

Wesfarmers fertiliser shock: CSBP flags delays as Iran war hits supply lines

CSBP, the chemicals and fertiliser division of Wesfarmers, told customers to brace for possible delays in shipments of ammonium phosphate fertilisers and urea, citing the ongoing Iran war’s impact on Persian Gulf supply routes. The company is “urgently” reviewing stock levels and looking into other sourcing options. Some imports are being put on hold, CSBP confirmed. Awkward timing for growers in Western Australia. They’re entering the critical window for picking up and applying fertiliser before the winter crop, with CSBP standing out as one of the state’s largest suppliers.
6 March 2026
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Stock Market Today

  • Toyota Shares Still Pricey by DCF, Despite Five-Year Rally
    July 1, 2026, 10:25 PM EDT. Toyota Motor shares are up 61.2% in five years. But a DCF model puts the stock about 36.5% overvalued, with the company facing free cash flow pressure and lower global sales. Other valuation lines tell a different story, as Toyota trades at 8.4x P/E-below the auto sector average of 14.9x-suggesting it could be cheap. Investors are weighing upside from electric air taxis with Joby Aviation against trouble spots like EV recalls and project risks. The split in value signals leaves Toyota's price hanging without a clear read on whether it's cheap or rich right now.
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