We would love to hear your thoughts about our site and services, please take our survey 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: 178.30
Bid: 158.00
Ask: 180.00
Change: 0.00 (0.00%)
Spread: 22.00 (13.924%)
Open: 0.00
High: 0.00
Low: 0.00
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

London midday: Stock selloff continues heading into the weekend

Fri, 28th Feb 2020 11:01

(Sharecast News) - There was scant let up in selling pressure on global stockmarkets on Friday, with investors wary of what news headlines the weekend might bring, even as they worried that a global economic recession might be on the cards.
A key manufacturing survey was due out in China on Saturday and analysts believed it would reveal a very sharp drop in activity, while South Korean officials were expected to release the results of testing on the members of a Shincheonji church which it was thought might harbour a large number of cases.

"Do you want to be long going into the weekend, even at these lower prices, when any number of worrying headlines may potentially hit the screens?," analysts at Rabobank mused.

Overnight, the World Health Organisation said that the caseload of coronavirus cases outside of China had increased by 746, versus an increase of 459 the day before, amid news of a first case in Nigeria and of the death of Iran's ambassador to the Vatican.

Against that backdrop, as of 1150 GMT, the FTSE 100 was down by 3.4% to 6,565.28 and the FTSE 250 was 2.73% lower to 19,242.51.

The top flight index was also pushing further into so-called "correction" territory, just like its peers around the world, having broken below the threshhold of a 10% drop from its most recent peak the day before.

Regarding the potential impact of the COVID-19 virus, in an interview with Sky News, Bank of England, Mark Carney, said that: ""It's too early to tell what it means for the UK, or its magnitude.

"But the most important thing is to make sure the system is functioning. We're very confident about that, and we're on top of it."

Some traders however disagreed.

"With the coronavirus having now breached the Chinese borders and spreading in some cases despite no clear connection to breakout areas, investors have finally accepted the reality of the situation," said Oanda senior market analyst Craig Erlam.

"And panicked. Suddenly the threat of a pandemic on global supply chains and the economy has set in and investors are fearing the worst, while not really knowing exactly what that is."

On Thursday, US markets closed sharply lower, with the S&P 500 registering its largest percentage point drop in eight and a half years and on course for its worst week since 2008 amid a spike in volatility.

According to Lori Calvasina at RBC Capital Markets, since the 1930s the median and average declines in the S&P 500 around recessions had been on the order of 24.0-30.0% from its most recent peak.

As an aside, according to Reuters Breakingviews, three out of the four flu pandemics over the past century were followed soon after by economic recessions in the US.

UK economic survey data remained conspicuously resilient despite the spreading coronavirus, although the same could not be said of Japanese unemployment data released earlier.

Consultancy GfK's UK consumer confidence index edged up by two points to -7.0 in February (consensus: -8).

In parallel, mortgage lender Nationwide reported a 0.4% month-on-month to reach ?216,092, for a 2.3% year-on-year rise in UK home prices (consensus: 2.3%), which was up from 1.9% in January and the strongest reading in 18 months.

On the corporate front, British Airways-owner IAG declined to provide financial guidance, telling shareholders that due to the "ongoing uncertainty on the potential impact and duration of COVID-19, it is not possible to give accurate profit guidance for FY 2020 at this stage."

In remarks made to the BBC, IAG chief Willie Walsh said: "In the first three weeks of February the main impact was in Asia ... It looked like it was stabilising but earlier this week we had cases in Italy and we had a significant fall-off in demand in Italy and some other markets as well."

Elsewhere in the Travel & Leisure space, budget airline EasyJet said it would cancel flights and introduce emergency cost cuts after the coronavirus outbreak caused a drop in demand for flights in and out of Italy and across Europe.

It said the fall in demand and load factors for Italy was significant and that business was weaker in other European markets.

EasyJet said it would cut administrative spending; freeze recruitment, promotion and pay; and postpone non-critical capital spending. It will also offer staff unpaid leave, stop non-mandatory training, press suppliers for price cuts and reorganise summer 2020 flights to maximise revenue when the market recovers.

Aircraft engine maker Rolls-Royce narrowed operating losses, but still took an exceptional charge of ?1.36bn on its troubled Trent 1000 engine.

Reported group operating losses came in at ?852m from a loss of ?1.1bn a year earlier. Underlying operating profit rose 25% to ?808m after a strong fourth quarter.

Market Movers

FTSE 100 (UKX) 6,565.66 -3.40%
FTSE 250 (MCX) 19,246.14 -2.72%
techMARK (TASX) 3,746.17 -3.39%

FTSE 100 - Risers

Rolls-Royce Holdings (RR.) 632.60p 5.33%
Sainsbury (J) (SBRY) 194.30p 0.13%
easyJet (EZJ) 1,108.00p -0.18%
Morrison (Wm) Supermarkets (MRW) 169.60p -0.26%
DCC (DCC) 5,550.00p -0.79%
BT Group (BT.A) 138.14p -0.97%
Carnival (CCL) 2,370.00p -1.13%
Flutter Entertainment (FLTR) 8,124.00p -1.24%
SSE (SSE) 1,547.00p -1.50%
Tesco (TSCO) 227.50p -1.52%

FTSE 100 - Fallers

TUI AG Reg Shs (DI) (TUI) 612.60p -6.59%
Smith (DS) (SMDS) 314.40p -6.26%
Scottish Mortgage Inv Trust (SMT) 549.00p -6.07%
BHP Group (BHP) 1,401.60p -5.92%
Polymetal International (POLY) 1,221.50p -5.64%
Mondi (MNDI) 1,531.50p -5.43%
Ocado Group (OCDO) 1,022.50p -5.37%
International Consolidated Airlines Group SA (CDI) (IAG) 488.40p -5.24%
Hikma Pharmaceuticals (HIK) 1,812.50p -5.10%
National Grid (NG.) 988.00p -4.98%

FTSE 250 - Risers

Plus500 Ltd (DI) (PLUS) 933.20p 6.97%
Finablr (FIN) 59.15p 3.41%
G4S (GFS) 169.20p 2.79%
LXI Reit (LXI) 130.40p 2.68%
Fisher (James) & Sons (FSJ) 1,718.00p 2.26%
Helios Towers (HTWS) 125.40p 1.79%
Sequoia Economic Infrastructure Income Fund Limited (SEQI) 111.80p 1.45%
Watches of Switzerland Group (WOSG) 339.00p 1.19%
Euromoney Institutional Investor (ERM) 1,046.00p 0.97%
Essentra (ESNT) 351.20p 0.92%

FTSE 250 - Fallers

Premier Oil (PMO) 76.00p -10.36%
IWG (IWG) 349.40p -9.01%
Aston Martin Lagonda Global Holdings (AML) 324.10p -8.91%
Hochschild Mining (HOC) 166.30p -8.43%
IP Group (IPO) 67.90p -7.99%
Jupiter Fund Management (JUP) 301.00p -7.75%
Petrofac Ltd. (PFC) 307.90p -6.98%
HGCapital Trust (HGT) 232.00p -6.83%
Fresnillo (FRES) 639.20p -6.71%
Energean Oil & Gas (ENOG) 646.00p -6.38%
More News
26 Jul 2023 10:34

UK's Heathrow warns of leisure travel slowdown later this year

First-half pretax profit up 6%

*

Read more
25 Jul 2023 14:08

Mercia Asset Management investee wins IAG investment

(Alliance News) - Mercia Asset Management PLC on Tuesday said that one of its direct investments Nova Pangaea Holdings Ltd has received an investment from International Consolidated Airlines Group SA.

Read more
21 Jul 2023 15:38

UK earnings, trading statements calendar - next 7 days

Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Science Group PLCHalf Year Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 25 July 
City of London Investment Group PLCTrading Statement
Compass Group PLCTrading Statement
Croda International PLCHalf Year Results
Games Workshop Group PLCFull Year Results
Greencore Group PLCTrading Statement
Hummingbird Resources PLCTrading Statement
MITIE Group PLCTrading Statement
Paragon Banking Group PLCTrading Statement
Reach PLCHalf Year Results
Smart Metering Systems PLCTrading Statement
Tristel PLCTrading Statement
Tyman PLCHalf Year Results
Unilever PLCHalf Year Results
Unite Group PLCHalf Year Results
Wednesday 26 July 
Aptitude Software Group PLCHalf Year Results
Breedon Group PLCHalf Year Results
Conduit Holdings LtdHalf Year Results
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
FRP Advisory Group PLCFull Year Results
Gresham Technologies PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
Nichols PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Rathbones Group PLCHalf Year Results
Rio Tinto PLCHalf Year Results
Science Group PLCHalf Year Results
Van Elle Holdings PLCFull Year Results
Thursday 27 July 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Lancashire Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Videndum PLCHalf Year Results
Wheaton Precious Metals CorpHalf Year Results
Friday 28 July 
AIB Group PLCHalf Year Results
GCP Infrastructure Investments LtdTrading Statement
International Consolidated Airlines Group SAHalf Year Results
Intertek Group PLCHalf Year Results
Jardine Matheson Holdings LtdHalf Year Results
NatWest Group PLCHalf Year Results
Standard Chartered PLCHalf Year Results
YouGov PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Jul 2023 11:33

Transatlantic travel sets up European airlines for bumper earnings

LONDON/CHICAGO, July 20 (Reuters) - North American tourists thronging the streets of Europe's top destinations are set to fuel healthy earnings for airlines this quarter and onwards as they enjoy travelling after long pandemic lockdowns, analysts and aviation executives said.

Read more
17 Jul 2023 09:20

LONDON BROKER RATINGS: JPMorgan cuts Spectris; Berenberg likes Victrex

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

Read more
16 Jul 2023 11:44

Sunday newspaper round-up: Tesco, Green Agenda, EasyJet

(Sharecast News) - Tesco is leaning on its suppliers so that they pass on savings from falling costs so that it can reduce prices more quickly than rivals and thus lead on price cuts. Among other factors, on Thursday Tesco pointed to a halviing in wholesale electricity prices, a 22% reduction in PET packaging and an 84% fall in the cost of freight. Suppliers however said that other costs had continued to rise - not least wages. And in response to prodding by MPs, Asda co-owner, Mohsin Issa, has cautioned that fixed-term contracts meants that three to nine more month would be needed before customers benefitted from falling prices. - The Sunday Times

Read more
14 Jul 2023 14:37

Strikes at Britain's Gatwick Airport could hit summer holidays

950 workers to strike in pay dispute

*

Read more
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

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

Read more
14 Jul 2023 07:56

LONDON BRIEFING: Burberry shines in China; ITV-All3Media deal unlikely

(Alliance News) - Stocks in London are expected to slip into the red at Friday's open, in a tepid conclusion to what has been a largely positive week for global equities, as the market prices in a lower peak for US interest rates.

Read more
12 Jul 2023 17:13

Miners, banks lift FTSE 100, cooling US inflation lifts sentiment

Banks gain after major lenders clear BoE's stress test

*

Read more
12 Jul 2023 12:08

LONDON MARKET MIDDAY: FTSE 100 boosted by banks ahead of US inflation

(Alliance News) - The FTSE 100 in London was lifted by banking stocks heading into Wednesday afternoon, after the Bank of England's latest stress test showed the sector to be "resilient".

Read more
12 Jul 2023 09:27

LONDON BROKER RATINGS: UBS raises AstraZeneca; RBC cuts Bunzl

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

Read more
12 Jul 2023 08:45

LONDON MARKET OPEN: FTSE 100 higher as UK banks pass BoE stress tests

(Alliance News) - European markets were trading higher on Wednesday, in a sign of cautious optimism ahead of US inflation data.

Read more
12 Jul 2023 07:40

LONDON BRIEFING: UK banks pass stress test; Wetherspoon trades well

(Alliance News) - Stocks in London are called higher on Wednesday, ahead of US inflation data.

Read more
10 Jul 2023 16:22

Portugal's TAP says passenger traffic up 30% in first half of 2023

LISBON, July 10 (Reuters) - Portugal's state-owned airline TAP carried 7.58 million passengers in the first half of this year, a 30% increase from a year ago but still slightly below pre-pandemic levels even as tourist numbers have already exceeded those seen in 2019.

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.