QinetiQ Group PLC, a UK defense technology company, saw its shares rise by 10.7% to 477.8p following a review of its US defense business and an increase in its 2027 profit forecast. The company announced a 24% hike in its dividend to 11p per share and a £200 million extension of its share buyback program, supported by a £4.8 billion backlog and record order intake.
Jamie Dimon, CEO of JPMorgan Chase & Co., stated that the bank will likely hire more artificial intelligence specialists and fewer traditional bankers as AI adoption accelerates, predicting job reductions in the sector. Speaking at the bank's China Summit in Shanghai, Dimon emphasized that AI will affect various roles across the industry, asserting that the bank is prepared to support displaced employees through reskilling and other measures.
Investec is enhancing its private banking services in the UK, aiming to attract wealthy clients through a £30m investment that seeks to double its client base to 16,000 and increase its market share to approximately 13%. The expansion will include hiring new talent in London and introducing a full-service banking model, which will feature current accounts and a credit card for the first time in the UK. Chief Executive Fani Titi outlined ambitious multi-year targets, with a focus on high-end financial advice and a goal to achieve a 15% compound annual growth rate.
Axel Springer reported a strong start to 2026, with first-quarter revenues rising 2.6% year-on-year, and adjusted EBIT increasing by 123.3% to €54.1 million. The company, which restructured into two divisions—Publishing and Commerce—after separating from private equity investors last year, also announced a full-year adjusted EBIT of €241.4 million for 2025, a 29.4% increase from the previous year. CEO Mathias Doepfner highlighted the contributions of both divisions, particularly noting the growth of the U.S.-based newsletter brand Morning Brew and the performance of the price-comparison platform Idealo.
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