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Rio Tinto and WA Government Launch $1.1B Desalination Plant to Ease Pilbara Water Crisis
Rio Tinto and the Western Australian government have formed a joint venture to complete the A$1.1 billion Dampier Seawater Desalination Plant. The project aims to deliver 8 billion litres of water per year to the water-stressed West Pilbara region, with initial output starting in late 2026.
GSK Expands Share Repurchases, Outlines 2026 Growth Strategy Under New CEO
GSK has acquired 650,000 shares for treasury and published its 2025 annual report, showing £32.7B in turnover. CEO Luke Miels forecasts continued profitable growth for 2026.
RELX Holds Firm on 2026 Targets Amid AI Market Jitters
RELX PLC confirmed its 2026 growth forecast on Thursday, emphasizing artificial intelligence as a core driver. The stock rose 2.74% following recent pressure linked to competitive AI concerns.
Reckitt Benckiser Stock Plunges on Margin Uncertainty Despite Strong Q4 Sales
Reckitt Benckiser's stock dropped nearly 6% as investor focus shifted from a Q4 sales beat to the lack of a 2026 profit margin target. The company flagged ongoing weakness in Europe and softer OTC demand.
BP Evacuates Staff from Iraq Oilfield After Drone Incident, Fueling Supply Concerns
BP removed international staff from Iraq's Rumaila field following a drone security incident, adding to supply disruptions that have already cut Iraqi output by 1.5 million barrels per day.
HSBC Executive's Major Share Sale Sparks Capital Strategy Scrutiny
HSBC's Asia and Middle East co-CEO sold HK$43.2 million in shares, coinciding with the bank's decision to pause buybacks until its capital ratio recovers. The bank reported 2025 pretax profit fell 7% to $29.9 billion.
Shell Secures Venezuela Gas Deal, Targets 2027 Exports to Trinidad
Shell has finalized oil and gas agreements with Venezuela to develop the offshore Dragon field, with initial gas exports to Trinidad targeted for the third quarter of 2027. The deal follows new U.S. licenses easing sanctions on Venezuela's energy sector.
BAT Hit with UK Shareholder Suit Over North Korea Sanctions
British American Tobacco is being sued in London by over 100 shareholders who allege the company did not properly disclose U.S. sanctions violations related to its North Korea operations. The legal action follows BAT's $635.2 million settlement with U.S. authorities in 2023.
Hindustan Unilever Sells Nutritionalab Stake, Sharpens Focus on Premium Brands
Hindustan Unilever has divested its entire 19.8% holding in Nutritionalab Private Limited for approximately 3.07 billion rupees. The move aligns with a broader strategy to concentrate investment on high-growth premium categories.
BAE Systems Retreats as Defense Rally Loses Momentum
BAE Systems shares declined, pulling back from recent highs even after the company executed a share repurchase and Berenberg raised its price target. The dip reflects a broader cooling in the defense sector rally.
Pro Medicus Rebounds 9% as Healthcare Tech Recovers from AI Selloff
Pro Medicus shares jumped over 9% on Friday, rebounding from a brutal selloff triggered by AI concerns. First-half revenue grew 28.4% to A$124.8 million, though it fell short of consensus expectations.
Mineral Resources Achieves Full Crusher Capacity at Onslow Iron Project
Mineral Resources has activated three crushers at its Ken's Bore operation, achieving installed capacity of 40.9 million tonnes annually. The company shipped 8.7 million tonnes from Onslow Iron last quarter while working to reduce its A$4.9 billion net debt.