International Consolidated Airlines Group (IAG)

A massive drop in profit, flat revenue and a load of headwinds going forward usually aren’t well received by investors, for pretty obvious reasons. But in the case of British Airways-owner International Consolidated Airlines (IAG), it would seem like the market believes the company is holding up well enough in what's become a ruthless industry. READ MORE ABOUT INTERNATIONAL CONSOLIDATED ...

The FTSE 100 gains 0.6% to 7,246.96 despite the US increasing tariffs on Chinese goods – with mining stocks helping to support the index. The relatively relaxed response reflecting a strong showing from Asian shares. The moderate response could be because the news was widely expected and because tariffs will not be charged on Chinese goods which have already shipped, providing a possible ...

The 10.2% year-to-date rise in the FTSE 100 is a great result but the UK stock market’s flagship index is still being comfortably outpaced by its international counterparts. And seen on a longer-term view the FTSE has definitely underperformed relative to other global benchmarks. In this article we explain why this has happened, which super sectors have contributed to the relative ...

Stocks start the week in a positive mood with the FTSE 100 index up 0.2% to a new six month high of 7,473 led by energy stocks. Oil prices have hit a new high for the year as the US tightens sanctions on Iran by withdrawing waivers on its exports to countries such as China and Turkey. Brent crude is trading at $74.50 per barrel on Tuesday compared with less than $55 per barrel at the start ...

The Competition and Markets Authority (CMA) has bared its teeth for the third time this week with the threat of an in-depth investigation into the sale of Mitie's (MTO) pest control business to Rentokil Initial (RTO) in October 2018. This is the latest in a lengthening list of mergers targeted by an apparently more aggressive UK competition watchdog. Other companies to fall foul of the UK ...

UK stocks are in modest decline in early trade on Thursday as investors come to terms with the can being kicked down the road again on a Brexit outcome following last night’s extension to the end of October. Many businesses may be breathing a sigh of relief at a possible side-stepping of a more draconian deal. Travel stocks are certainly leading the charge, with budget airline EasyJet ...

EasyJet (EZJ) is the only London-listed airline yet to meet shareholding rules to ensure it maintains the right to fly within the European Union after Brexit. Operating licences to fly between locations within the bloc are reserved for airlines owned more than 50% by European Economic Area (EEA) or Swiss nationals. Therefore airlines must be majority owned by this group once Britain leaves the ...

For a business which ranks number two in the world for its industry, John Menzies (MNZS) has an image problem. Folk memories of its high street origins mean that few people realise it is now a global support services firm. Nor do they appreciate that it has a long growth runway ahead of it although a ‘no-deal’ Brexit may do it no favours in the short term. WHAT'S IN A NAME? Even ...

Investors may be surprised to see British Airways-owner International Consolidated Airlines (IAG) is flush with cash as it plans to pay out €700m in special dividends despite rising oil prices and low fares. In the last three months of 2018, operating profit soared 19.1% to €655m, up from €550m over the same period in 2017. READ MORE ABOUT INTERNATIONAL CONSOLIDATED AIRLINES HERE In the ...

London’s FTSE 100 trades 59 points lower at 7,048 on Thursday as markets around the world take a step back amid disappointment over Donald Trump’s failure to reach a deal with North Korea and weak manufacturing data from China. The blue chip benchmark is also hit by several large companies trading without the rights to the latest dividend including AstraZeneca (AZN), off 2.2% at £61.46 and ...

Ryanair (RYA) chief executive officer Michael O’Leary will be sticking around until at least July 2024 under a new group structure that will hopefully help the embattled carrier navigate difficult times. Airlines have been struggling with trade disputes, rising fuel prices and overcapacity, forcing companies to slash prices to get more bums on seats. Over the next year, Ryanair plans to ...

Investors attracted to British Airways-owner International Consolidated Airlines (IAG) for its near-5% dividend yield could face a dividend cut if its acquisition of Norwegian Air goes through. Analysis by investment bank Citi says the ratio of free cash flow compared to the dividend would fall from approximately 2.3-times to below 1.0 times if a takeover occurred. A free cash flow-to-dividend ...

Hints of progress towards a trade agreement between China and the US helped put the FTSE 100 on course for a positive end to the week, up 0.6% to 7,160.22. President Donald Trump tweeted that trade talks were ‘moving along nicely’ but investors will likely be wary. with several previous breakthroughs on this key issue ultimately proving illusory. After the market close in the US Apple ...

Higher fuel costs and volatile currency movements have failed to hold back British Airways-owner International Consolidated Airlines (IAG) after operating profit rose 7.3% to €2.58bn. Driving the strong performance was a 7.7% jump in passengers and a 2.7% increase in passenger unit revenue, when currency fluctuations are stripped out, in the nine months to 30 September.  Essentially has been ...

The FTSE 100 gives up yesterday’s gains after a strong showing in the US and mixed trading in Asia. Investor sentiment scarred by the poor numbers posted by US tech giants Amazon and Google-owner Alphabet after the close on Wall Street. Early on the index is down nearly 100 points to trade just above 6,900. Lender Royal Bank of Scotland (RBS) fails to match the well-received third ...

Investors were clearly expecting the worst from budget airline Ryanair (RYA) following a profit warning in early October. Then, Ryanair slashed profit guidance by 12% for the year to 31 March to €1.1bn to €1.2bn, down from €1.25bn to €1.35bn. The news spooked investors and prompted shares in the airline to hit near two-year lows. Ryanair is struggling to bounce back from this ...

Dark clouds have been gathering over the airline industry this year amid rising costs, pricing pressures and disruption from various strikes including air traffic Table1, cabin crews and pilots. Some companies like EasyJet (EZJ) are managing to overcome these problems, yet others such as Ryanair (RYA) are clearly struggling. Ryanair said earlier this week that widespread strike action ...

Passengers thinking of booking flights with budget airline Ryanair (RYA) have been deterred despite lower fares because of threats over strike action by staff. This has forced the company to cut profit guidance for the full year to 31 March 2019 by 12%. ‘We now guide full year 2019 profit after tax in a new range of €1.10bn to €1.20bn,’ todayu's announcement states. The equivalent ...

Low-cost carrier Ryanair (RYA) lowered its full-year adjusted profit forecast on Monday, citing lower traffic and forward bookings due to a series of strikes by its crews. The company says it now expects profit for the year to range between €1.1bn and €1.2bn, which compares with a prior forecast of €1.25bn to €1.35bn. That goes down badly with investors who market the stock more than ...

On track for one of its worst weeks this year, London’s FTSE 100 falls 10 points to 7,309 on Friday with the banking sector on the back foot and Royal Bank of Scotland (RBS), Lloyds (LLOY) and Barclays (BARC) all marked lower. British Airways-owner International Consolidated Airlines (IAG) experiences turbulence, marked down 18p (2.6%) to 663.2p as investors weigh the ramifications of a ...