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IAG remains confident in jet fuel supply


By Dan McGrath

International Airlines Group (IAG) has stated that it is confident in its jet fuel supply in its main markets throughout the summer, despite the impact of the Middle East conflict.

The group, which owns airlines including British Airways and Aer Lingus, said that while there is potential for jet fuel to be restricted on a global basis, it is "well hedged" at 70% for the rest of the year


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Intertek rejects latest EQT bid

Intertek has rejected another bid from the Swedish private equity firm, EQT, valued at £10.3bn

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JD Sports shares jump despite profit warning

Shares in JD Sports increased by over 6% in early trading, after the retailer widened its profit guidance for the current financial year.

In the year to 31 January, the firm’s sales increased by 10.5% to £12.6bn, driven by the annualisations of the Hibbett and Courir acquisitions in the previous year

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BAE Systems reports ‘strong’ performance in 2026

BAE Systems has recorded a "strong operational and financial performance" so far in 2026, as the defence giant reiterated its full-year guidance

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M&G returns to inflows in Q1

M&G has posted net inflows of £600m in three months to 31 March, following outflows of £100m in the same period last year

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Wetherspoons issues profit warning as costs increase

Wetherspoons has stated that its profits may be slightly below market expectations as costs increase across the business

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Next beats expectations in Q1

Next has reported that its full price sales increased by 6.2% year-on-year, beating expectations of 4% set out in its full-year results

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Diageo reports 2.3% sales increase in Q3

Diageo has stated that its reported net sales increased by 2.3% to $4.5bn in the third quarter, reflecting a positive hyperinflation adjustment

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Vodafone takes ownership of VodafoneThree joint venture

Vodafone has agreed to take ownership of the VodafoneThree joint venture for £4.3bn via a cancellation of shares

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Santander completes £2.65bn TSB acquisition

Santander UK has completed the acquisition of TSB for an all-cash consideration of £2.65bn.

The takeover, which received regulatory approval from the Prudential Regulation Authority and the European Central Bank, represents the single largest investment in the UK banking sector for over 15 years

NatWest profits increase 12% in Q1

NatWest has recorded an 11.6% quarter-on-quarter increase in its profit before impairment losses, totalling £2.3bn in the three months to 31 March
Gleeson Homes records ‘resilient’ performance in latest trading update

Gleeson Homes has reported a "resilient" trading period in the 11 weeks to 24 April, as its net reservation rate increased from 0.86 per site per week to 0.88 year-on-year
HSBC reports profit hit following fraud-related exposure

HSBC has seen its profit before tax drop by just over 1% in the year to 31 March, totalling $9.37bn, following a $400m "fraud-related, secondary, securitisation exposure" with a UK financial sponsor in its corporate and institutional banking business


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