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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
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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 -

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London midday: Stocks surge on Greek deal hopes, but uncertainties remain

Wed, 01st Jul 2015 12:07

Decent gains in the banking and travel sectors gave UK stocks a boost on Wednesday as sentiment was buoyed by hopes of a possible bailout deal in Greece.According to reports, Greek Prime Minister Alexis Tsipras will accept all his creditors' bailout conditions that were on the table last weekend, with only a handful of minor changes.The FTSE 100, which on Tuesday settled at its lowest since 12 January, was up 1.44% at 6,614.56 by midday.The Financial Times said it had obtained a two-page letter sent by Tsipras to the heads of the Troika, elaborating on Tuesday's surprise request for an extension of Greece's now-expired bailout and for a new, third €29.1bn rescue. The bailout's expiry at midnight Tuesday night means the extension is no longer on the table, but Tsipras' letter could serve as the basis of a new bailout in the coming days, said the FT.However, economist Holger Schmieding from Berenberg warned that "Europe - exasperated by the current Greek government - may now demand that the Greek people settle the issue in a referendum, and that Tsipras campaigns for a 'yes' to the conditions against which he first called the referendum".Schmieding also said that any potential deal at this stage may require political change in Athens, given that the Syriza party's left wing won't sign off on it. "Greece would probably need a new formal (or informal) coalition of moderate Syriza members with the pro-European parties before Europe could strike a deal," he said.In economic data on Wednesday, the Markit/CIPS UK manufacturing purchasing managers' index (PMI) unexpectedly fell from a revised 51.9 in May to a 26-month low of 51.4 in June.Overnight, the official China manufacturing PMI was unchanged at 50.2 in June, missing the 50.4 estimate, while the non-manufacturing PMI rose to 53.8 from 53.2.Banks and travel stocks riseBanking giants RBS, Standard Chartered, Lloyds and Barclays were all making gains in London, having fallen sharply - along with the wider market - over recent sessions.Similarly, travel and leisure stocks were also rebounding after a recent sell-off, including Easyjet, IAG, TUI and IHG. The sector had been hit by the potential impact on tourism from the Greek debt crisis and recent terrorist attacks.Airlines were also performing well after an Airports Commission report declared that a third runway should be built at Heathrow. The Commission said the runway was "crucial for the UK's long-term prosperity".Profits in the first half of the year at outsourcer Serco were flat compared to the previous year but "a little better" than predicted, causing shares to surge 10%. However, management have not altered their expectations for the full year.Pub group Greene King edged higher as it reported record retail revenue of £1bn in its full-year results, although profits leaked lower as a result of a decline in like-for-like sales and the impact of the disposal of 275 pubs to Hawthorn Leisure.Tullow Oil gained after taking action to "re-set" the business for the new oil price environment. The company also slightly increased its guidance for full-year production after enjoying strong West Africa oil production in the first half.Market MoverstechMARK 3,127.89 +1.45%FTSE 100 6,614.56 +1.44%FTSE 250 17,713.32 +1.04%FTSE 100 - RisersRoyal Bank of Scotland Group (RBS) 364.20p +3.61%easyJet (EZJ) 1,601.00p +3.56%TUI AG Reg Shs (DI) (TUI) 1,063.00p +3.20%ARM Holdings (ARM) 1,070.00p +3.18%Persimmon (PSN) 2,035.00p +3.04%CRH (CRH) 1,840.00p +3.02%Barratt Developments (BDEV) 632.00p +2.85%Prudential (PRU) 1,575.00p +2.77%InterContinental Hotels Group (IHG) 2,634.00p +2.65%Ashtead Group (AHT) 1,128.00p +2.64%FTSE 100 - FallersAntofagasta (ANTO) 683.50p -0.87%Randgold Resources Ltd. (RRS) 4,258.00p -0.63%Admiral Group (ADM) 1,380.00p -0.50%SSE (SSE) 1,535.00p -0.07%HSBC Holdings (HSBA) 570.00p -0.02%FTSE 250 - RisersSerco Group (SRP) 129.70p +9.92%Bovis Homes Group (BVS) 1,161.00p +4.31%Aveva Group (AVV) 1,884.00p +4.20%Betfair Group (BET) 2,506.00p +4.16%Ladbrokes (LAD) 135.10p +4.08%Just Eat (JE.) 423.00p +3.98%DCC (DCC) 5,175.00p +3.50%Redrow (RDW) 457.60p +3.32%Card Factory (CARD) 333.00p +3.10%Balfour Beatty (BBY) 249.00p +2.94%FTSE 250 - FallersNostrum Oil & Gas (NOG) 575.00p -2.95%Acacia Mining (ACA) 295.60p -2.09%Telecom Plus (TEP) 970.00p -2.02%Lonmin (LMI) 109.90p -1.79%Stagecoach Group (SGC) 397.20p -1.63%IP Group (IPO) 203.30p -1.55%Evraz (EVR) 121.40p -1.46%Euromoney Institutional Investor (ERM) 1,200.00p -1.40%Jardine Lloyd Thompson Group (JLT) 1,030.00p -1.34%Petra Diamonds Ltd.(DI) (PDL) 147.10p -1.21%
More News
3 May 2024 13:37

UK earnings, trading statements calendar - next 7 days

Monday 6 May 
no events scheduled 
Tuesday 7 May 
Arecor Therapeutics PLCFull Year Results
BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
Kosmos Energy LtdQ1 Results
MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
Wednesday 8 May 
Alliance Pharma PLCFull Year Results
boohoo group PLCFull Year Results
Brighton Pier Group PLCFull Year Results
Cornerstone FS PLCFull Year Results
HydrogenOne Capital Growth PLCTrading Statement
JD Wetherspoon PLCTrading Statement
Light Science Technologies Holdings PLCFull Year Results
OSB Group PLCTrading Statement
Renishaw PLCTrading Statement
Thursday 9 May 
Balfour Beatty PLCTrading Statement
Derwent London PLCTrading Statement
Flutter Entertainment PLC Trading Statement
Harbour Energy PLCTrading Statement
IMI PLCTrading Statement
ITV PLCTrading Statement
John Wood Group PLCTrading Statement
Rathbones Group PLCTrading Statement
Spire Healthcare Group PLCTrading Statement
Synthomer PLCTrading Statement
Wheaton Precious Metals CorpQ1 Results
Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

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19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

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19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

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18 Apr 2024 16:52

LONDON MARKET CLOSE: Stocks recover some of recent Fed talk losses

(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while initial jobless claims for the week came in steady.

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18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

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18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

(Alliance News) - Stock prices in London closed lower on Thursday, with a hawkish interest rate outlook for the Federal Reserve and geopolitical tensions hurting investor enthusiasm.

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11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

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10 Apr 2024 14:46

Portugal's new government vows to keep balanced budgets, privatise TAP

LISBON, April 10 (Reuters) - Portugal's new minority government will maintain balanced budgets, keep reducing the country's public debt and carry out a long-planned privatisation of flag carrier TAP, it said in its inaugural legislative programme on Wednesday.

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8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

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6 Apr 2024 18:59

Two planes at Heathrow Airport collide on the ground

LONDON, April 6 (Reuters) - The wingtip of an empty Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said.

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