Business 6 May 2026 - 8 May 2026

Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show
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Titan Q4 Results: Profit Jumps 35%, But Costs Steal The Show

Titan reported a 35% rise in March-quarter profit to ₹1,179 crore, missing analyst estimates, as costs and gold-price swings weighed on results. Total income jumped 46% to ₹20,300 crore, led by 50% growth in jewellery sales. The board recommended a ₹15 dividend per share. Titan shares climbed 6.3% in afternoon trade after the earnings release.
May 8, 2026
IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure
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IAG Profit Warning: British Airways Owner’s €9 Billion Fuel Bill Puts 2026 Outlook Under Pressure

International Consolidated Airlines Group cut its 2026 profit, cash flow, and capacity forecasts, citing higher jet fuel costs linked to Middle East conflict. Shares fell 4.1% in early London trading. IAG now expects a €9 billion annual fuel bill and says free cash flow will miss its earlier €3 billion target. Revenue rose 1.9% to €7.18 billion in the first quarter, with operating profit up 77%.
May 8, 2026
Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up
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Unilever PLC Stock Faces Fresh Test as €1.5 Billion Buyback Starts During McCormick Break-Up

Unilever bought about 3.3 million shares between April 30 and May 1 as part of its €1.5 billion buyback, holding them in treasury, according to a May 6 filing. The move comes as Unilever prepares to spin off its food unit in a $44.8 billion merger with McCormick, leaving a company focused on beauty and home care. First-quarter underlying sales rose 3.8%, but turnover fell 3.3% to €12.6 billion due to currency effects.
May 8, 2026
RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope
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RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope

RTL Group shares fell 0.46% to 32.68 euros late Thursday, extending a 13.56% five-day slide amid questions over the broadcaster’s outlook. The stock dropped after RTL paid a 5.50 euro dividend linked to the RTL Nederland sale. The company will report first-quarter results May 13 and plans to close its Sky Deutschland acquisition June 1. EU regulators cleared the deal, which will create a group with 12.3 million subscribers.
May 7, 2026
Suncor’s C$2.1 Billion Profit Reveals Canada’s Jet-Fuel Opening
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Suncor’s C$2.1 Billion Profit Reveals Canada’s Jet-Fuel Opening

Suncor Energy reported C$2.1 billion in first-quarter net earnings, driven by record refined product sales of 680,900 barrels a day and strong exports to markets including Puerto Rico and the Philippines. Net earnings rose from C$1.69 billion a year earlier. The company shipped 14 diesel cargoes from Vancouver in the quarter, up sharply from last year. Upstream production reached 875,200 barrels a day.
May 7, 2026
IREN Earnings Today: Why the AI Cloud Stock Faces Its First Big Test After Mirantis Deal
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IREN Earnings Today: Why the AI Cloud Stock Faces Its First Big Test After Mirantis Deal

IREN shares fell $1.48 to $59.50 ahead of its fiscal Q3 results, due after Thursday’s close. Analysts expect a $213 million revenue and a loss of 18 cents per share, with Zacks noting IREN has missed consensus for four straight quarters. The report follows IREN’s $625 million all-stock deal to acquire Mirantis and the activation of its 1.4-gigawatt Texas data center.
May 7, 2026
Kontron Stock Slides As Foxconn-Backed Ennoconn Edges Toward €1.5 Billion Takeover Move
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Kontron Stock Slides As Foxconn-Backed Ennoconn Edges Toward €1.5 Billion Takeover Move

Kontron shares fell Thursday after Ennoconn, its largest shareholder, signaled a possible mandatory takeover bid at €23.50 per share, just under 2% above Wednesday’s close. First-quarter revenue dropped 5.6% to €363.7 million, and net profit fell to €14 million. Kontron plans to cut 500 jobs in its Greentec division by August, targeting over €30 million in annual savings.
May 7, 2026
Anthropic’s 80-Fold Claude Boom Just Forced a SpaceX Deal, and OpenAI Gets an Opening
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Anthropic’s 80-Fold Claude Boom Just Forced a SpaceX Deal, and OpenAI Gets an Opening

Anthropic will use all available capacity at SpaceX’s Colossus 1 data center, adding over 220,000 Nvidia GPUs and 300 megawatts within a month, to address surging demand for its Claude AI models. The deal allows Anthropic to raise usage limits for customers and gives SpaceX a major AI client, while xAI continues on Colossus 2. Anthropic’s revenue and usage rose 80-fold year over year in Q1.
May 7, 2026
Jet Fuel Crisis Worse Than Covid for Airlines, AirAsia Chief Says, as 13,000 Flights Are Cut
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Jet Fuel Crisis Worse Than Covid for Airlines, AirAsia Chief Says, as 13,000 Flights Are Cut

Airlines cut 13,000 flights and nearly two million seats from May schedules as jet fuel prices surged after the Iran war, Cirium data showed. AirAsia CEO Tony Fernandes called the fuel shock “much worse” than Covid-19, citing costs tripling. Lufthansa, Turkish Airlines, and Spirit Airlines have reduced operations. Governments are easing airline rules and considering aid as costs rise.
May 7, 2026
Volkswagen’s Four-Plant Shock: Blume’s €30 Billion Cut Puts VW Overhaul on a Harder Track
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Volkswagen’s Four-Plant Shock: Blume’s €30 Billion Cut Puts VW Overhaul on a Harder Track

Volkswagen CEO Oliver Blume is considering closing four plants and slashing investment by about 30 billion euros, Manager Magazin reported Wednesday. Weak output at German sites, a low first-quarter margin, and tariffs costing 5 billion euros a year have intensified cost pressures. VW is also weighing defense-sector use for some sites and China-linked production in Europe.
May 6, 2026
Why Rheinmetall Stock’s Rebound Suddenly Matters as BioNTech Cuts Up to 1,860 Jobs
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Why Rheinmetall Stock’s Rebound Suddenly Matters as BioNTech Cuts Up to 1,860 Jobs

BioNTech plans to close sites in Germany and Singapore, affecting up to 1,860 jobs, after reporting a €531.9 million quarterly loss. Rheinmetall’s first-quarter revenue rose 7.7% to €1.938 billion, missing expectations, but shares held steady as the company cited timing issues. The DAX closed up 2.12% at 24,918.69 on Wednesday. Hensoldt posted a 25% revenue increase and a record order book.
May 6, 2026
Cognizant Layoffs: 15,000 Jobs May Be at Risk as Project Leap Puts India Workforce in Focus
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Cognizant Layoffs: 15,000 Jobs May Be at Risk as Project Leap Puts India Workforce in Focus

Cognizant may cut 12,000 to 15,000 jobs globally under Project Leap, with most layoffs likely in India, according to multiple Indian news outlets citing internal estimates. The company has set aside up to $270 million for severance and personnel costs, but has not confirmed numbers. Cognizant employs over 250,000 people in India out of 357,600 worldwide. Project Leap aims to shift the company toward a leaner, AI-driven model.
May 6, 2026
Ferrari Stock Falls After Strong Q1 as Luce EV, U.S. Tariffs Test 2026 Outlook
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Ferrari Stock Falls After Strong Q1 as Luce EV, U.S. Tariffs Test 2026 Outlook

Ferrari shares fell 4% Tuesday after first-quarter results, despite the company maintaining its 2026 financial targets. Net revenue rose 3% to 1.85 billion euros, while net profit was flat at 413 million euros and deliveries dropped to 3,436 cars. The company cited planned model shifts and warned of U.S. tariff and currency risks. CEO Benedetto Vigna said the order book now extends toward late 2027.
May 6, 2026
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Stock Market Today

  • HS2 Project Delays Highlight £100bn Opportunity Cost
    May 24, 2026, 3:02 PM EDT. The HS2 high-speed railway project in the UK faces delays and scaling back, burdened by rising costs surpassing £100 billion, according to commentator Tom Whipple. This budget overruns comes with significant opportunity costs, leaving many essential infrastructure projects unfunded. Whipple underscores how this massive public spending could have upgraded schools, hospitals, and local transport networks. The HS2 rail line was initially designed to modernize Britain's rail system but now is criticized for inefficiency and protracted timelines. The debate raises concerns about infrastructure planning and budget management, urging policymakers to reconsider investment priorities to maximize economic and social returns.