Tourist travel giant TUI said the grounding of Boeing’s 737 Max jets was a big burden as it reported a 46% decline in underlying quarterly core earnings, sending its shares lower.

Retailer Sports Direct has delayed publishing its annual results, warning that problems in integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.

Sky said a twin focus on product innovation and top-class sport and entertainment would help deliver a better-than-expected rise in revenue in the year ahead after it reported 12% higher full-year profit.