Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.35 (0.20%)
Spread: 0.10 (0.056%)
Open: 178.75
High: 181.20
Low: 177.50
Prev. Close: 178.30
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BA union opposes Air Europa deal as clash over jobs heats up

Thu, 11th Jun 2020 13:12

LONDON, June 11 (Reuters) - The clash between British
Airways and its unions over 12,000 job losses intensified on
Thursday as the Unite union said it had approached the European
Commission to register its opposition to BA parent company's
acquisition of Air Europa.

Unite, which represents BA cabin crew, is battling the
airline over the job losses, refusing to attend consultation
meetings, and winning support from UK lawmakers who have
criticised British Airways for using "fire and rehire" tactics.

In the latest escalation, Unite said it was in talks with
the EU Commissioner for Competition about its opposition to the
acquisition by BA's parent IAG of Spanish airline Air
Europa.

"Unite is questioning why IAG is seeking to fire and rehire
the workforce at BA while its parent IAG is ploughing ahead with
buying an airline for over 1 billion euros ($1.1 billion),"
Unite Executive Officer Sharon Graham said in a statement.

Unite said it objected to the deal because it was
anti-competitive but directed its main anger at BA, which has
said it needs to shed jobs to make cost savings.

Another of IAG's airlines, Iberia, said last November it
would buy Air Europa for 1 billion euros but IAG's boss Willie
Walsh said in May that the group was evaluating whether to
proceed with the purchase or not.

The deal is currently being considered by competition
authorities. Unite said it intends to act as a third party
opposing the deal which could mean the deal faces additional
scrutiny.

IAG declined to comment on Unite's move on Thursday.

Last week, Walsh said in a television interview that because
of the way IAG is structured, Iberia's acquisition of Air Europa
would not have any impact on British Airways' finances or jobs.

"Not a single penny of British Airways money will go towards
that acquisition... it’s not going to in any way impact on the
people at British Airways," he told Sky News earlier in June.
($1 = 0.8805 euros)
(Reporting by Sarah Young; Editing by Susan Fenton)

More News
5 Apr 2024 19:38

UK Border Force officers suspend Heathrow Airport strike action plan

LONDON, April 5 (Reuters) - UK Border Force officers at Heathrow Airport, Britain's busiest hub, have suspended the strike action they were due to take for four days from April 11 in a dispute over working conditions, a trade union said on Friday.

Read more
5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawkish remarks from Federal Reserve officials, and escalating tensions in the Middle East.

Read more
28 Mar 2024 16:49

UK Border Force officers at Heathrow airport to take strike action

LONDON, March 28 (Reuters) - More than 600 UK Border Force officers at Heathrow Airport, Britain's busiest hub, will take strike action for four days from April 11 in a dispute over working conditions, the PCS trade union said on Thursday.

Read more
27 Mar 2024 10:28

JPMorgan puts IAG on 'positive catalyst watch' ahead of Q1 results

(Sharecast News) - JPMorgan Cazenove placed shares of BA and Iberia owner IAG on 'positive catalyst watch' on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

Read more
21 Mar 2024 09:27

LONDON BROKER RATINGS: UBS cuts Entain; RBC raises IAG

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
21 Mar 2024 09:09

RBC Capital upgrades IAG to 'outperform'

(Sharecast News) - RBC Capital Markets upgraded BA and Iberia owner IAG on Thursday to 'outperform' from 'sector perform' and lifted the price target to 220p from 200p.

Read more
21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

Read more
15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

Read more
6 Mar 2024 15:02

London close: Stocks finish higher after Hunt's Spring Budget

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.

Read more
6 Mar 2024 14:05

Tax rise outlined in UK budget for air passengers in premium cabins

(Alliance News) - Airline passengers travelling in premium cabins will be hit by a UK tax hike.

Read more
6 Mar 2024 09:07

LONDON BROKER RATINGS: JPMorgan raises IAG; Jefferies likes Experian

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
6 Mar 2024 08:45

IAG flies higher after double upgrade to 'overweight' by JPMorgan

(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to 'overweight' from 'underweight' and lifted the price target to €2.50 from €1.45.

Read more
6 Mar 2024 07:45

LONDON BRIEFING: ConvaTec profit doubles; DS smith trades in line

(Alliance News) - Stocks are called to open higher on Wednesday, with focus in the UK on Wednesday's Spring budget.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.