International Consolidated Airlines Group stock dropped after the company reported second-quarter operating profit below analyst expectations and cut its full-year capacity growth forecast, citing significant pressure from high jet fuel costs.
Shares in specialist engineering group IMI PLC advanced significantly after the company released its half-year financial results, pushing the stock price near its 52-week high. The market responded positively to the firm's performance amid strong demand for industrial automation.
The UK housebuilder lowered its forecast for annual home completions and reported a smaller order book, citing affordability concerns and slowing sales, which overshadowed a new share buyback program.
Police in Hyderabad, India, have registered a case against the country head of Meta Platforms over user-generated content on Facebook that allegedly depicted Prime Minister Narendra Modi abusively. The development underscores the ongoing regulatory challenges for social media giants in the key South Asian market.
The UK supermarket group has agreed to offload its general merchandise chain Argos to private equity-backed Swift Partners for at least £120 million, a move designed to simplify its operations and reduce debt.
Shares in the German semiconductor firm surged after blockbuster results from Samsung and Micron signaled robust global demand for chips, driven by AI infrastructure spending.
The UK homebuilder is reducing its capital return policy from 7.5% to 4% of net tangible assets, signaling pressure from declining margins and a softer housing market despite beating first-half earnings estimates.
The refractory materials supplier reported a 5% drop in first-half sales but saw earnings rise 17% due to wider margins, leading it to confirm its full-year profit forecast of €400 million.
The British energy giant announced plans to sell its entire UK North Sea business, ending six decades of operations as it refocuses capital on higher-return global projects under a new strategic overhaul.
