British stocks slipped in Friday morning trade, with the pound hovering near $1.31 as investors digested earnings from IAG and Rightmove .

As of 0826 GMT, the blue-chip index FTSE 100 fell 0.2% and the British GBP/USD dropped 0.2%% against the dollar. 

DAX index in Germany rose 0.06%, the CAC 40 in France gained 0.09%. 

FTSE 100 roundup: 

• British Airways parent International Consolidated Airlines Group S.A. (BME:ICAG) reported a slight increase in third-quarter operating profit on Friday, while warning about weaker demand for U.S. economy-class seats. Operating profit for the three months ending September 30 reached €2.05 billion ($2.4 billion), a 2% rise from the same period last year. This result was close to the company’s consensus forecast of €2.1 billion.
• In other corporate news, Rightmove PLC (LON:RMV) shares plunged more than 25% after the UK property portal forecast slower profit growth for 2026, citing increased investment in artificial intelligence. The company projected revenue growth of 8-10% and underlying operating profit growth of 3-5% next year. RBC noted the new guidance suggests a 4-6% downgrade to consensus operating profit, reflecting an additional £12 million in profit and loss investment and £6 million in capitalized spending for future technology and AI development.
• ME Group International PLC (LON:MEGPM) announced it expects record profitability for the fiscal year ended October 31, 2025, with profit before tax between £76 million and £79 million. The instant-service equipment group projects total revenue for FY 2025 to be between £311 million and £318 million.
• Vodafone Group PLC (LON:VOD) and AST SpaceMobile have selected Germany as the location for their main Satellite Operations Centre to support a new European satellite constellation. The centre will manage satellite connectivity for SatCo, their Luxembourg-headquartered joint venture aimed at serving mobile network operators across Europe.
• Coats Group PLC (LON:COA) maintained its full-year outlook despite reporting a 1% revenue decline for the four months to October due to subdued market conditions. The British industrial thread manufacturer said performance was in line with expectations, with operating profit broadly consistent with the first half of 2025 and improved from the prior year.
• Wizz Air Holdings PLC (LON:WIZZ) has reached an agreement with Airbus Group SE (EPA:AIR) to reschedule its current order book, delaying the delivery of 88 aircraft originally due by fiscal year 2030 to fiscal year 2033. The budget airline’s total orderbook of 273 aircraft remains unchanged.
• ITV PLC (LON:ITV) confirmed it is in preliminary discussions with Sky regarding a potential sale of its M&E business for an enterprise value of £1.6 billion, following recent press speculation about the possible transaction.
• Scottish Mortgage Investment Trust PLC (LON:SMT) reported a 22.9% increase in net asset value (NAV) per share for the six months ending September 30, outperforming the FTSE All-World Index’s 15.4% total return in pound sterling.
• British house prices rose 0.6% in October compared to September, exceeding economist expectations, according to data from mortgage lender Halifax.