And in the real world... BP, Reckitt Benckiser, retailers, Aer Lingus and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

Whitbread has announced it will bolster its marketing spend after demand for its Premier Inn budget hotel, whose advertising is created by Rainey Kelly Campbell Roalfe/Y&R, declined dramatically in December last year.
Source: Financial Times

Retailers have reported the first sales uplift for more than a year, according to CBI's Distributive Trades Survey. Forty-four per cent of retailers posted higher sales volumes year on year for the first half of April, while 41 per cent reported a decline.
Source: The independent

Aer Lingus' share price has dropped by 20 per cent after the company issued a profit warning. The airline, which has been under hostile take over pressure from Ryanair for more than two years, has almost doubled its yearly operating loss from €41.9 million to €100 million, according to estimates.  
Source: Financial Times

BP has seen its profits drop by 62 per cent as a result of the rapidly declining oil price.
Source: Financial Times

Reckitt Benckiser has reported a 35 per cent rise in profits for the first quarter of the year, defying market expectations. The company, which owns brands such as Finish and Dettol, posted pre-tax profits of £401 million.
Source: The Daily Telegraph