IAG, the owner of British Airways and Iberia, has announced plans to slow expansion plans in the wake of weaker demand after the Brussels attacks.

The group reported pre-tax profits of €124 million for the first quarter, compared with a loss of €37 million in 2015. However, shares have dropped 3.45 percent this morning on the news that they will be scaling back their planned expansion of routes.

Shares are currently down 3.81 percent at 530.00 (1142GMT).

AstraZeneca saw a 12 percent fall in underlying earnings in the first quarter, broadly in line with expectations.

The pharmaceutical company have been hit by drug patent expiries, with analysts expecting weak earnings throughout 2016 and 2017.

However, share price is broadly unaffected by the news, currently up 0.13 percent at 3964.50 (1146GMT).

Online retail giant Amazon has seen another strong quarter, reporting a $513 million profit and a 28 percent jump in sales.

The company’s investment into technology appears to have paid off, with their Kindle and Fire tablets pushing sales to $29.1 billion.

Restaurant Group, the owner of Chiquito and Frankie & Benny’s, saw shares take a dive this morning after cutting their profit forecast.

The group are now predicting full-year like-for-like sales will fall by between 2.5 percent and 5 percent, with profits between £74 million and £80 million.

Restaurant Group is currently trading down 23.91 percent at 284.91 (1156GMT).

29/04/2016