Whitbread's £1B Savings, VW's Margin Squeeze, Air France-KLM's $2.4B Fuel Hit: Stock Movers Recap
In today's episode of Stock Movers, we break down the biggest stock movers.
Whitbread is launching a new five-year plan that aims to slash capital investment by over £1 billion and recycle £1.5 billion in property assets. The strategy is designed to fuel future growth while generating £2 billion in free cash flow for shareholder returns by 2031.
Volkswagen reported a decline in first-quarter operating margin, as tariffs and intensifying competition in key markets weighed on performance. The German automaker is pushing for additional cost savings to offset the pressure.
Air France-KLM warned that its fuel bill is expected to increase by $2.4 billion this year due to the ongoing Middle East conflict. The airline cited geopolitical uncertainty as a key factor driving costs higher.