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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
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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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Sector movers: Ebola fears hammer travel stocks, but grocers and miners rise

Tue, 07th Oct 2014 14:19

Fears about the fallout from a potential Ebola outbreak hammered stocks in the travel and leisure sectors on Tuesday with UK-listed airlines and tour operators dropped sharply.In contrast, supermarket and mining stocks were bucking the trend with the two sectors, which have both bore the brunt of the selling pressure over recent weeks, the only categories to trade in positive territory in afternoon trade in London.News that a Madrid nurse has caught Ebola spooked investors across Europe on Tuesday, given that she is the first to contract the deadly virus outside West Africa.Anglo-Spanish airline conglomerate IAG was among the worst performers in London, down nearly 6% on fears on how any potential contagion could affect business.Other airlines were also flying firm lower, such as Easyjet, Ryanair and even Fastjet despite reporting record passenger numbers for September. All three stocks were down at least 4.1%.Travel tour operators TUI Travel and Thomas Cook were down 3.4% and 4.5%, respectively, while hotel group IHG fell 2.6%.Leading the upside were grocery stocks as they continued to claw their way back after a string of profit warnings and an accounting scandal at Tesco hammered sentiment last month.Shares in the UK's largest retailer were trading nearly 5% higher after the news that the company has asked another senior manager to step down as it attempts to rebuild confidence and repair trust among its shareholders.The stock had lost 25% of its value in the two weeks following after 22 September when Tesco revealed that first-half profit guidance was overstated by £250m.The reported departure of Kevin Grace, commercial director, will bring the total of senior executives leaving the company to five.As for the miners, the revelation that Glencore had approached Rio Tinto about a "possible combination" in the summer gave the sector a boost, even though the latter turned the offer down.The deal, which Rio claimed "was not in the best interests" of its shareholders, would have created the biggest mining company in the world with a market value estimated to be $160bn, surpassing that of BHP Billiton ($154bn).Others in the sector, such as Anglo American, Randgold Resources, Lonmin, Kazakhmys and Centamin, were also performing well.Top performing sectors so far todayFood & Drug Retailers 2,582.68 +2.86%Industrial Metals & Mining 1,297.88 +2.45%Mining 15,863.98 +1.55%Bottom performing sectors so far todayOil Equipment, Services & Distribution 21,262.24 -2.27%Travel & Leisure 7,079.99 -2.08%Technology Hardware & Equipment 1,051.57 -1.92%Aerospace and Defence 4,702.79 -1.64%Forestry & Paper 10,669.03 -1.54%
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22 Nov 2023 14:41

Aurrigo inks USD290,000 deal with IAG for Cincinnati airport in US

(Alliance News) - Aurrigo International PLC on Wednesday said that it has signed an agreement with International Consolidated Airlines Group SA for the deployment and demonstration of its autonomous aviation solutions.

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21 Nov 2023 09:57

IN BRIEF: International Consolidated Airlines seeks to restore payouts

International Consolidated Airlines Group SA - Madrid-based owner of British Airways, Iberia, Vueling and Aer Lingus - Hosts capital markets day for institutional investors and analysts on Tuesday, saying its 2023 outlook remains unchanged. "We expect 2023 to be a year of strong recovery in our margins, operating profit and balance sheet and towards pre-Covid-19 levels of capacity," the company had said with its third-quarter results back in October.

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21 Nov 2023 09:20

IAG reiterates commitment to resuming dividends

(Sharecast News) - British Airways owner IAG on Tuesday set out its medium-term targets and pledged its commitment to resume paying dividends once its balance sheet and investment plans are "secure".

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17 Nov 2023 13:59

British Airways' green fuel project wins UK government backing

(Alliance News) - A partnership involving International Consolidated Airlines Group SA's British Airways to develop lower carbon aviation fuels has secured a share of new UK government funding.

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15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

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

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6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

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LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

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27 Oct 2023 09:18

TOP NEWS: BA-owner IAG has "record" quarter despite air traffic snafu

(Alliance News) - International Consolidated Airlines Group SA on Friday hailed a "record third-quarter performance" that provided money for investment and debt reduction.

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27 Oct 2023 07:54

LONDON BRIEFING: NatWest notes "serious failings" in Farage findings

(Alliance News) - Stocks in London are set to open slightly higher on Friday, as investors wait for a key US inflation reading.

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27 Oct 2023 07:07

IAG reports record third quarter as demand continues to recover

(Sharecast News) - British Airways owner IAG reported a record-breaking third-quarter operating profit of €1.745bn on Friday, marking a substantial increase from the €1.216bn reported in the same period of 2022.

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