1. British Airways owner soars as buyback shows IAG 'firing on all cylinders'
Shares jumped over 6% following the update, which showed operating profit up 15.4% at €2.01 billion (£1.67 billion) over the fourth quarter and a new buyback of €350 million.
2. FTSE 100 Live
Stocks slump.
3. Vistry slumps as cost overrun hit worse than first thought
A review into the issues found profit would be impacted by a further £25 million this year, £20 million next and £5 million in 2026, taking the total impact to £165 million.
4. Rightmove cautions on sluggish new homes development growth
Rightmove said property transaction flow is improving, although the FTSE 100 constituent tightened its full-year membership growth forecast to 1% (from “up to” 2% previously) due to “a slower-than-expected recovery in new homes developments”.
5. Scottish Mortgage trims Nvidia stake in surprise curveball decision
“Companies must find ways to offer competitively priced AI systems while managing the skyrocketing costs of training them,” said SMT. “This raises concerns about the sustainability of current capital equipment spending, including Nvidia chips.”