Stephen Carroll

Cuban authorities claim that the occupants were armed and intended to enter the country to fight against the government.

U.S.

Secretary of State Marco Rubio said officials are looking into the incident.

Marco Rubio speaking there as the episode threatens to escalate an already tense standoff between the U.S.

and Cuba.

And WPP has announced plans to cut annual costs by half a billion pounds by 2028 as part of sweeping restructuring aimed at strengthening its AI capabilities.

The move comes as the British-based advertising giant reported full year earnings that fell short of estimates.

The company is also slashing its 2025 dividend by 62% to 15 pence per share, down from 39.4 pence in 2024 onwards.

Once the world's largest advertising agency, WPP has seen its share price fall over 65% over the past year as it struggles with the loss of several major clients.

WPP shares opening up 2% in London.

US and Iranian officials are meeting in Geneva today for the latest round of nuclear talks.

Ahead of those discussions, the US government imposed sanctions on more than 30 entities that support Iranian oil and weapons sales.

Republican Senator Steve Davies says Iran's leadership presents a threat.

Republican Steve Davies there speaking to Bloomberg yesterday.

According to the U.S.

Office of Foreign Assets Control, individuals and entities across the Middle East that helped Tehran develop advanced weapons have been blacklisted.

In his State of the Union address, President Trump claimed Iran was working to reconstitute its nuclear program, even as it negotiates with Washington.

And those are your top stories on the markets.

The Stock 600 this morning is slightly lower, but the most interesting moves are in individual share prices.

London Stock Exchange Group up by 3.9% at the moment.