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Corporate News News 16 January 2026 - 19 January 2026

Drax shares barely budge after fresh buyback disclosure as investors look to February results

Drax shares barely budge after fresh buyback disclosure as investors look to February results

Drax shares slipped 0.06% to 903.0 pence by 1021 GMT after announcing further share buybacks, with 62,163 shares purchased on Jan. 16 at an average price of 902.83 pence. Total repurchases since July 2025 now stand at 5.21 million shares. The company faces ongoing scrutiny over its biomass supply chain and awaits full-year results on Feb. 26. UK policy changes threaten to halve subsidies for Drax from 2027.
Nifty, Sensex slide as Reliance and ICICI miss; Wipro tumbles and tariff jitters spread

Nifty, Sensex slide as Reliance and ICICI miss; Wipro tumbles and tariff jitters spread

Nifty 50 fell 0.68% and Sensex dropped 0.7% by mid-morning, pressured by declines in Reliance Industries, ICICI Bank, and a nearly 10% plunge in Wipro after weak forecasts. Reliance missed profit estimates, while ICICI set aside more funds for loan losses. U.S. tariff threats and heavy foreign investor selling added to the slide.
Genting Singapore stock slips as RWS CEO warns turnaround “takes time”

Genting Singapore stock slips as RWS CEO warns turnaround “takes time”

Genting Singapore shares fell 0.7% to S$0.725 by mid-afternoon Monday after its casino licence was renewed for two years following an “unsatisfactory” tourism assessment. The Straits Times Index dropped 0.5% as regional equities slid. Resorts World Sentosa’s CEO said major renovations are done, with a S$6.8 billion expansion set for completion in 2030. About 27.5 million Genting shares traded between S$0.72 and S$0.73.
China Resources Microelectronics stock tumbles in Shanghai after VP role change filing

China Resources Microelectronics stock tumbles in Shanghai after VP role change filing

China Resources Microelectronics A-shares fell 3.9% to 65.53 yuan in Shanghai morning trading Monday, reversing gains from last week’s chip sector rally. The company disclosed Vice President Ma Weiqing has stepped down to become a senior technical expert. Investors are watching for the 2025 annual performance report due by late February.
AMD stock heads into long weekend after Riot signs $311 mln data-center lease, filing shows insider sale plan

AMD stock heads into long weekend after Riot signs $311 mln data-center lease, filing shows insider sale plan

AMD shares rose 1.7% to $231.83 Friday after Riot Platforms announced a 10-year, $311 million data center lease with the chipmaker. Riot said the deal at its Rockdale, Texas site could reach $1 billion with options. An AMD officer filed to sell 2,442 shares, worth about $572,000, according to a regulatory notice. U.S. markets close Monday for Martin Luther King Jr. Day.
P&G stock in focus: Barclays lifts target ahead of Jan. 22 earnings, warns rally is a “flight to safety”

P&G stock in focus: Barclays lifts target ahead of Jan. 22 earnings, warns rally is a “flight to safety”

Procter & Gamble shares slipped 0.1% to $144.53 Friday as U.S. markets closed nearly flat ahead of the long weekend. Barclays raised its price target for P&G to $155 but kept an Equal Weight rating. The company will report quarterly earnings and hold its call on Jan. 22. U.S. markets will be closed Monday for Martin Luther King Jr. Day.
BP share price ends higher; buyback and offshore wind shift set up next week for BP stock

BP share price ends higher; buyback and offshore wind shift set up next week for BP stock

BP shares closed up 0.5% at 440.25 pence in London Friday, while U.S. ADRs rose to $35.38. The company repurchased over 3 million shares Jan. 16 and plans to move them into treasury. BP’s offshore wind JV acquired EnBW’s Mona stake but dropped the Morgan project. BP warned of $4–5 billion in Q4 impairments, mainly from low-carbon assets, ahead of results due Feb. 10.
Shell stock in focus after LNG Canada stake-sale talk as buyback ticks on

Shell stock in focus after LNG Canada stake-sale talk as buyback ticks on

Shell shares closed up 0.2% at 2,752.5 pence in London Friday after Reuters reported the company is considering selling up to 30% of its stake in the C$40 billion LNG Canada project. Mitsubishi may also review its 15% share. Shell announced new share buybacks, purchasing over 655,000 shares in London and 523,000 in Amsterdam on Jan. 16. Talks on the LNG Canada stake remain preliminary.
17 January 2026
Oklo (OKLO) stock jumps as traders eye Meta nuclear campus timeline and insider sales

Oklo (OKLO) stock jumps as traders eye Meta nuclear campus timeline and insider sales

Oklo shares closed up 2.9% at $94.14 Friday after a volatile session, as traders focused on its 1.2 GW Ohio nuclear project tied to Meta data centers. A recent SEC filing showed co-founder Caroline Cochran sold shares under a prearranged plan. Pre-construction work on the Ohio campus is set for 2026. Investors await new filings and the next quarterly report, expected in March.
Wipro Q3 results: Profit slides 7%, ₹6 interim dividend declared as labour-code hit dents earnings

Wipro Q3 results: Profit slides 7%, ₹6 interim dividend declared as labour-code hit dents earnings

Wipro’s Q3 net profit dropped 7% year-on-year to ₹3,119 crore, hit by a one-time labour code charge, while revenue rose to ₹23,556 crore. The board declared a ₹6 interim dividend per share, record date Jan. 27. IT services revenue guidance for Q4 implies flat to 2% sequential growth. Shares closed up 2.73% at ₹267.25.
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Stock Market Today

Exxon Mobil stock price just tagged a new high — what could move XOM when markets reopen

Exxon Mobil stock price just tagged a new high — what could move XOM when markets reopen

7 February 2026
New York, Feb 7, 2026, 05:50 EST — Market closed. Exxon Mobil shares ended Friday up 2.03% at $149.05, notching a fresh 52-week high as energy stocks tracked a broad U.S. equity rally into the weekend. (MarketWatch) The setup for next week looks less tidy. Oil has been swinging on U.S.-Iran headlines, and that tends to spill straight into big integrated names like Exxon. Brent settled at $68.05 a barrel on Friday while U.S. West Texas Intermediate (WTI), the U.S. benchmark, finished at $63.55. “We keep going back and forth on this Iran situation,” said John Kilduff, a partner at
Corning stock price hits record close — what’s driving GLW and the next big test

Corning stock price hits record close — what’s driving GLW and the next big test

7 February 2026
Corning shares jumped 8.3% to a record $122.16 Friday, gaining 11% over two sessions amid strong demand for AI infrastructure stocks. The move follows a $6 billion optical fiber deal with Meta and upgraded company forecasts. Shares traded as high as $122.56 and rose 0.6% after hours. COO Avery Nelson sold 1,894 shares for tax withholding, retaining 66,050.
PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

7 February 2026
PepsiCo priced €2.5 billion in euro notes across four maturities, with settlement set for Feb. 11, according to an SEC filing. The company plans to use proceeds for general corporate purposes, including repaying commercial paper. Shares closed at $170.49 Friday, up 1.8%. PepsiCo is also cutting U.S. snack prices by up to 15% after consumer pushback.
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