International Consolidated Airlines Group (IAG)

London’s FTSE 100 rose 30.4 points to 7,320.4 on Thursday thanks to strength in utilities, oil producers, miners and insurers. The most heavily-traded stock by volume was British Airways owner International Consolidated Airlines (IAG), which saw its shares fall 3.9% to 461.5p after downgrading earnings guidance. Imperial Brands (IMB) wafted 9.8% lower to £18.63 on a full year profit ...

Attacks on Saudi Arabian oil facilities over the weekend have prompted moves of as much as 20% higher in the price of oil as the market factors in the disruption to supply. It is reminder of how important Saudi Arabian production remains to global oil supply, despite the emergence of US shale production in recent years. This has several implications for investors. Firstly it is potentially ...

British Airways reached 100 years old at the end of last month, but its centenary celebrations haven’t exactly gone to plan. A two-day pilots’ strike this week, combined with stranded passengers and recent IT failures, as well as a data breach, has whacked the airline’s reputation. Shares in its owner International Consolidated Airlines (IAG) fell over 2% to 417p as the strike ...

UK stocks started the week on a positive note with the FTSE 100 index of leading stocks jumping 0.4% to 7,313. Firmer oil prices and a dip in the pound seem to be the main upside drivers. Shares in oil majors BP (BP.P) and Royal Dutch Shell (RDSB) both added 1.3% to 507p and £22.88 respectively. Crude prices gained on hopes that the new Saudi Arabian energy minister would continue the ...

Shares in aviation services firm BBA Aviation (BBA) have dropped 4% to 302p after it reported a dip in pre-tax profit and earnings per share in the six months to 30 June. BBA provides a variety of services to the airline industry, including maintenance and refuelling. That give it more insulation from many of the issues that typically dog the airline operators, such as rising fuel ...

Heavy selling on Asian markets and escalating trade tensions lead to second day straight of large losses across UK stock markets in early trade on Monday. Just mining group Fresnillo (FRES) and British Airways-owner International Consolidated Airlines (IAG) make positive moves across the whole FTSE 100, which slumps more than 100 points, or 1.35%, to 7,307.00. Leading the sell-off is grocery ...

The FTSE 100 fell a whopping 1.7% with a 134 point drop to 7,450 following a whole host of bad news across the world. After the Bank of England cut its growth forecast for the UK as it warned of the dangers of a no-deal Brexit, US president Donald Trump again used Twitter to move markets, announcing a fresh 10% tariff on another $300bn of Chinese goods, which effectively means all Chinese ...

UK stocks move higher on Tuesday with the FTSE 100 index up 0.6% to 7,561 as the market waits for confirmation that Boris Johnson has won the race to become the leader of the Tory party and the next Prime Minister. Sectors on the move are construction, healthcare equipment, industrials, metals, mining and technology. In company news, Lloyds (LLOY) has agreed to settle its long-running ...

Shares in British Airways owner International Consolidated Airlines (IAG) have dropped 1.5% to 450p after it was hit with a blockbuster fine following a massive data breach. The Anglo-Spanish group, which also owns the likes of Aer Lingus, Iberia and Vueling, has been slapped with a record £183.4m penalty from the Information Commissioner’s Office (ICO) over a data breach last year. READ ...

London’s FTSE 100 rose 15 points to 7,568 on Monday with strength in miners and tobacco stocks helping to offset weakness in banking and utilities names. European markets were less volatile than those in Asia, where big declines were seen across China, Hong Kong, India and Japan. Market chatter suggested that investors were no longer betting on sharp interest rate cuts in the US and so appetite ...

The FTSE 100 opened virtually unchanged at 7,608.54 this morning as fears grow among economists that the UK could’ve gone into the red in last three months. Given business sentiment surveys in June for construction and manufacturing were pretty dismal, it’s believed that UK gross domestic product (GDP) will have shrunk in the second quarter. There’s also confusion as to whether the Bank ...

The FTSE 100 is off to a steady start in early trading, up 0.2% to 7,419.26 buoyed by oil stocks. Due to concerns over oil supply disruptions thanks to the increasingly tense standoff between the US and Iran, two of the world’s biggest oil exporters, prices of the most-traded futures in crude oil have been pushed higher. That spells good news for the likes of Shell (RDSB) and BP ...

UK investors begin the week with takeover talk to digest after defence contractor Babcock (BAB) admits it turned down approaches of a tie-up from outsourcing peer Serco (SRP). There is also a strategy overhaul reported by troubled construction firm Kier (KIE) and a profit warning from German airline Lufthansa to mull, the latter hurting UK listed airlines that have been struggling with rising ...

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 ...