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Share Price Information for International Airlines (IAG)

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Share Price: 168.05
Bid: 167.95
Ask: 168.05
Change: 3.05 (1.85%)
Spread: 0.10 (0.06%)
Open: 166.65
High: 168.40
Low: 166.15
Prev. Close: 165.00
IAG Live PriceLast checked at -

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LONDON MARKET CLOSE: Stocks End Higher Ahead Of No-Deal Brexit Vote

Wed, 13th Mar 2019 17:22

LONDON (Alliance News) - Stocks in London ended marginally higher on Wednesday, with Standard Life Aberdeen and BP helping keep the FTSE 100 above the 7,150 mark.Attention will now shift to the no-deal vote in the House of Commons later in the evening. The FTSE 100 index closed up 8.04 points, or 0.1%, at 7,159.19. The FTSE 250 ended up 36.13 points, or 0.2%, at 19,180.09, and the AIM All-Share closed up 1.77 points, or 0.2% at 909.25. The Cboe UK 100 ended down 0.2% at 12,138.58, the Cboe UK 250 closed up 0.2% at 17,151.20, and the Cboe Small Companies ended up 0.1% at 11,119.81.In Paris the CAC 40 ended up 0.7%, while the DAX 30 in Frankfurt ended up 0.4%. "Dealers are cautious on account of Brexit. Westminster will be in focus again this evening as MPs are set to vote on whether the no deal option should be pursued, or dropped. Eurozone stocks are muted as Continental Europe could lose a lot too if the UK leaves the EU without a deal," said CMC Markets analyst David Madden. On the London Stock Exchange, Standard Life Aberdeen ended as the best blue chip performer, up 2.4% after the fund manager raised its dividend despite a challenging industry backdrop and weak investor sentiment.Standard Life Aberdeen on Wednesday proposed a final dividend of 14.3p per share, bringing its total for the year to 21.6p, up from 21.3p in 2017. The company intends to maintain its 2018 dividend during the next stages of its "transition and transformation" programmes - which it said is 75% complete."Shares in Standard Life Aberdeen are up today, largely thanks to the absence of a dividend cut - the firm has actually increased the distribution for 2018 and then targeted an unchanged pay-out of 21.6p per share going forward as it continues to implement its plan of becoming a pure-play asset manager," said AJ Bell's Russ Mould. Standard Life Aberdeen also said Keith Skeoch has been appointed sole chief executive, with former joint boss Martin Gilbert stepping down to become vice chairman.The move marks an end to the firm's dual-CEO structure following the merger of Standard Life and Aberdeen Asset Management in March 2017. Since then, the stock is down 40%. BP closed up 2.1%, tracking spot oil prices higher. Brent was quoted at USD67.22 a barrel at the London equities close, up from USD66.64 at the close Tuesday.Oil was up after an US Energy Information Administration report showed oil stockpiles fell by 3.86 million barrels. Analysts were expecting an increase of 2.65 million barrels.Prudential closed up 1.1% after the life insurer said its planned demerger of M&G Prudential is progressing as planned as the insurance giant's profit was ahead of consensus in 2018, driven - as always - by growth from its Asia operations.Prudential posted a pretax profit of GBP3.64 billion compared to GBP3.30 billion in 2017, a 10% increase year-on-year.Prudential's operating profit for 2018 totalled GBP4.83 billion, up 2.8% from the GBP4.70 billion recorded in 2017. Analyst consensus forecast Prudential achieving GBP4.60 billion in operating profit.Prudential's Asia unit reported a 9.1% rise in operating profit to GBP2.16 billion in 2018 - ahead of consensus - with its insurance operations generating GBP1.98 billion in profit.International Consolidated Airlines Group closed up 1.1% after RBC raised the British Airways parent to Outperform from Sector Perform. Wm Morrison Supermarkets closed up 0.6% after the grocer reiterated confidence in its outlook for the current year despite the risk of a no-deal Brexit, changing UK consumer behaviour, and an ever more competitive food retail market.The supermarket chain rewarded its shareholders, hiking its total annual payout by 25% to 12.60 pence per share from 10.09p a year ago. This was made up of a total ordinary dividend of 6.60p, after a final payout of 4.75p, in addition to a special dividend of 4.0p, which brought its special payout for the year to 6.0p.At the other end of the large cap index, Hikma Pharmaceuticals closed down 4.3% after the generic drugmaker's annual earnings missed consensus estimates. For 2018, revenue was USD2.07 billion, a 6.7% increase from USD1.94 billion in 2017, which Hikma said reflected strong demand for its in-market products and new launches. Company-compiled consensus was for revenue of USD2.10 billion, putting Hikma's reported result just behind. Core operating profit was USD460 million 19% above its core operating profit of USD386 million in 2017, but 2.3% less than the USD471 million consensus. Hikma posted a pretax profit of USD293 million for the year, swinging from a pretax loss of USD738 million in 2017. In the FTSE 250, Petrofac closed up 4.5% after the oilfield services firm said it has been awarded a contract, worth USD1 billion, with Groupment Isarene for the Ain Tsila development project in Algeria. The pound was higher against the dollar, quoted at USD1.3215 at the London equities close, compared to USD1.3083 at the close Tuesday, shrugging off downbeat forecasts from the Office of Budget Responsibility. Ahead, UK Members of Parliament will vote on Wednesday at about 1900 GMT on whether the UK should crash out of the European Union without a deal."Brexit optimism is pushing the pound over USD1.32 - not bad given the future of the UK looks so uncertain. Whilst traders are focused on the upcoming vote, it is also worth pointing out that tonight's vote is not legally binding. At these levels the pound continues to look on the optimistic side, disbelieving that the UK could crash out of the EU in just two weeks," City Index analyst Fiona Cincotta said. The OBR predicted economic growth of 1.2% this year - a downgrade from the 1.6% forecast at the Budget in October 2018. However, the OBR, expects this shortfall to be made up in future years; its forecast for cumulative growth over the next five years was unchanged.The growth downgrade came as Chancellor of the Exchequer Philip Hammond urged lawmakers to lift the "cloud of uncertainty" over the UK's economy by ruling out a no-deal Brexit in a vote late Wednesday.Delivering his statement after MPs emphatically rejected Theresa May's Brexit deal for a second time on Tuesday night, the chancellor said the issue was "damaging our standing and reputation in the world".He warned: "Leaving with no deal would mean significant disruption in the short and medium-term and a smaller, less prosperous economy in the long-term, than if we leave with a deal."Hammond warned that leaving the bloc with no deal would mean significant short-and medium term economic disruption, including higher unemployment and rising prices.Elsewhere, Hammond said there was "good news" on the public finances, with borrowing forecast to reach GBP13.5 billion in 2023/24, its lowest level in 22 years.The OBR figures handed Hammond a GBP11 billion windfall, in what Treasury sources described as an "extraordinary" indication of how well the economy is performing.Better-than-expected income tax and national insurance revenues, resulting from wages outstripping inflation, mean the chancellor is on track to meet his targets with a "headroom" of GBP26.6 billion to spare, rather than the GBP15.4 billion forecast at the time of the autumn Budget."For what it's worth, if there's a no deal we think fiscal policy will be loosened by more than the chancellor has implied. And if there's a deal, a stronger economy than projected will give the chancellor even more money to spend," noted analysts at Capital Economics. The euro stood at USD1.3112 at the European equities close, against USD1.1290 late Tuesday after positive industrial production data.The eurozone's industrial production grew more-than-expected in January after declining in the previous two months, but the outlook remains uncertain amid worries of slowing global demand.Industrial production rose 1.4% from December, when it fell 0.9%, figures from the statistical office showed. Economists had forecast a 1% increase.Growth was driven by a 2.4% surge in energy production, followed by a 2% climb in the output of non-durable consumer goods.Capital goods output rose 0.9%, durable goods production grew 1.1% and manufacture of intermediate goods was 0.2% higher.On a year-on-year basis, industrial production decreased 1.1% after a 4.2% slump in December. Economists had anticipated a 2.1% fall.Stocks in New York were higher at the London equities close after a report from the US Commerce Department showed an unexpected increase in durable goods orders in the month of January.The DJIA was up 0.7%, the S&P 500 index up 0.9% and the Nasdaq Composite up 1.0%.The report said durable goods orders climbed by 0.4% in January after spiking by an upwardly revised 1.3% in December. Economists had expected durable goods orders to drop by 0.5%.The Commerce Department also said orders for non-defence capital goods excluding aircraft, a closely watched indicator of business spending, climbed by 0.8% in January after slumping by 0.9% in December."The rebound in underlying capital goods orders in January stands out as a positive amid the recent flood of downbeat activity data, but it is still consistent with a gradual slowdown in business equipment investment growth in the first quarter," said Michael Pearce, senior US economist at Capital Economics.Gold was quoted at USD1,308.09 an ounce at the London equities close, higher than USD1,297.69 late Tuesday.The economic events calendar on Thursday has China retail sales numbers at 0200 GMT, Germany inflation data at 0700 GMT, Ireland GDP readings at 1100 GMT and US import-export numbers at 1230 GMT. The UK corporate calendar on Thursday has full year results from multiplex chain operator Cineworld Group, lender OneSavings Bank, life insurer Just Group and outsourcer Capita.

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5 May 2023 09:42

European airlines see strong summer bookings, hope to avert chaos

IAG first-quarter results better than expected

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5 May 2023 09:10

TOP NEWS: IAG loss narrows, revenue up as capacity recovers from Covid

(Alliance News) - International Consolidated Airlines Group SA on Friday reported its first quarter narrowed alongside strong revenue as Iberia delivered its "best ever" quarterly performance, while noting capacity recovering towards pre-pandemic levels.

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5 May 2023 08:47

LONDON MARKET OPEN: Stocks make headway, investors cheer IAG update

(Alliance News) - Stock prices in London opened higher on Friday, with oil companies and an encouraging trading update from International Consolidated Airlines boosting the FTSE 100.

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5 May 2023 07:56

LONDON BRIEFING: IAG narrows loss; IHG CEO to step down

(Alliance News) - Stocks in London were called higher on Friday, as investors mulled over the latest interest rate decisions in the US and the EU and ahead of the US nonfarm payrolls report.

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5 May 2023 07:21

IAG lifts guidance on strong summer demand as Q1 earnings beat forecasts

(Sharecast News) - British Airways-owner IAG on Friday lifted its full year earnings forecasts on the back of strong summer demand as first-quarter profits beat expectations.

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5 May 2023 07:08

British Airways-owner IAG sees travel rebound lifting forecasts

LONDON, May 5 (Reuters) - British Airways-owner IAG said strong ticket sales for summer travel and a winter season which beat expectations meant 2023 profit would come in above its previous forecasts.

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28 Apr 2023 15:40

UK earnings, trading statements calendar - next 7 days

Monday 1 May 
no events scheduled 
Tuesday 2 May 
BP PLCQ1 Results
Facilities by ADF PLCFull Year Results
HSBC Holdings PLCQ1 Results
Wednesday 3 May 
Aston Martin Lagonda Global Holdings PLCQ1 Results
Ashtead Technology Holdings PLCFull Year Results
Barratt Developments PLCTrading Statement
Bank of Ireland Group PLCTrading Statement
Cambridge Cognition Holdings PLCFull Year Results
Card Factory PLCFull Year Results
Coca-Cola HBC AGTrading Statement
Flutter Entertainment PLCTrading Statement
Haleon PLCTrading Statement
Inspiration Healthcare Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Metro Bank PLCTrading Statement
Permanent TSB Group Holdings PLCTrading Statement
OSB Group PLCTrading Statement
Smiths News PLCHalf Year Results
Ten Lifestyle Group PLCHalf Year Results
TI Fluid Systems PLCTrading Statement
Thursday 4 May 
Apax Global Alpha LtdQ1 Results
BAE Systems PLCTrading Statement
Cardiff Property PLCHalf Year Results
Derwent London PLCTrading Statement
e-Therapeutics PLCFull Year Results
Glanbia PLCQ1 Results
IMI PLCTrading Statement
Mondi PLCTrading Statement
Morgan Sindall Group PLCTrading Statement
Next PLCTrading Statement
Rathbones Group PLCTrading Statement
Shell PLCQ1 Results
Spirent Communications PLCTrading Statement
Trainline PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
Wheaton Precious MetalsQ1 Results
Friday 5 May 
Eqtec PLCFull Year Results
InterContinental Hotels Group PLCTrading Statement
International Consolidated Airlines Group SAQ1 Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Apr 2023 14:29

Jet2 invests in sustainable fuel plant as airlines seek to meet 2030 targets

LONDON, April 27 (Reuters) - Britain's Jet2 said it has invested in a Sustainable Aviation Fuel (SAF) production plant in northern England, as airlines jostle to secure supplies of the green fuel ahead of 2030 targets.

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27 Apr 2023 14:11

Portugal to assess value of airline TAP ahead of privatisation

LISBON, April 27 (Reuters) - Portugal's government has mandated state holding company Parpublica to pick two independent assessors to value airline TAP ahead of its privatisation, which could be launched in July, the finance minister said on Thursday.

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27 Apr 2023 09:38

LONDON BROKER RATINGS: Reckitt price targets raised; Ocado is 'hold'

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

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19 Apr 2023 19:33

Portugal PM welcomes Lufthansa's interest in TAP, Scholz sees good fit

LISBON, April 19 (Reuters) - Portuguese Prime Minister Antonio Costa welcomed the interest expressed by Lufthansa in the upcoming privatisation of flag carrier TAP, but promised a level playing field and a transparent process for all contenders.

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19 Apr 2023 15:15

UK's Heathrow, airlines appeal regulator's landing fee cut

LONDON, April 19 (Reuters) - A cut to the fees Britain's Heathrow can charge airlines faces separate appeals from the airport and two of its biggest carriers, British Airways and Virgin Atlantic.

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19 Apr 2023 09:53

UK's Heathrow Airport to appeal regulator's cut to landing fees

LONDON, April 19 (Reuters) - Heathrow Airport, Britain's busiest hub, said on Wednesday it had launched an appeal against a ruling by the airport regulator that it must cut the fees it charges airlines between 2024-2026.

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13 Apr 2023 14:44

European airlines lay groundwork for potential bids for Portugal's TAP

LISBON, April 13 (Reuters) - At least three European airlines are laying the groundwork for potential bids for Portugal's flag-carrier TAP, sounding out local communications agencies and legal advisers as a new CEO prepares to take over, according to sources and media reports.

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13 Apr 2023 09:48

LONDON BROKER RATINGS: HSBC lifts housebuilders; Peel cuts Britvic

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

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