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: 168.90
Bid: 168.90
Ask: 169.00
Change: -4.80 (-2.76%)
Spread: 0.10 (0.059%)
Open: 169.85
High: 170.15
Low: 167.25
Prev. Close: 173.70
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK ministers, companies visit Saudi Arabia to boost trade ties

Tue, 14th May 2024 06:27

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised the use of lethal force to clear land for a new desert city.

Deputy Prime Minister Oliver Dowden, Business Secretary Kemi Badenoch and Culture Secretary Lucy Frazer will be in the Gulf state for a two-day summit aimed at promoting economic ties.

Dowden will lead a 450-strong delegation of British businesses including HSBC Holdings PLC and International Consolidated Airlines Group SA's British Airways at the event.

Downing Street defended the visit on Monday after the BBC reported claims last week that Saudi forces had been permitted to use deadly force to clear land for a GBP400 billion desert city being built by dozens of western companies.

Villagers were reportedly evicted to make way for The Line, a 105-mile-long metropolis in the kingdom's eco-region of Neom, with one person subsequently shot and killed for protesting, according to the broadcaster.

Prime Minister Rishi Sunak's official spokesman said the UK has "a vital national security and economic security relationship with Saudia Arabia" but "no aspect of that relationship prevents us from speaking frankly about human rights".

Asked by journalists whether the trip was appropriate in light of the claims, he said UK ministers "regularly raise concerns with Saudi counterparts as necessary" and that the government would "continue to monitor" the reports.

"Particularly obviously given current events in the Middle East, it is a very important relationship (between the UK and Saudia Arabia)," the official said.

The event this week, dubbed Great Futures, is aimed at promoting British business interests in Riyadh's Vision 2030 strategy, which includes Neom and is designed to diversify the country's economy away from oil.

Dozens of companies from across the world, some of them British, are involved in the construction of the eco-region.

After virtual remarks from Sunak and Saudi Crown Prince Mohammed Bin Salman, Dowden will say: "Our collaboration has enabled an exponential increase in our mutual prosperity and demonstrated that our modern, forward-looking partnership can meet the challenges of the 21st century."

Saudi Arabia has also been working alongside other countries to contain the Gaza war and avoid a spiralling regional conflict that could derail its economic reform agenda.

Dowden praised the "extraordinary transformation being accomplished across economic and social domains" as he announced London and Riyadh will also establish a new joint taskforce to encourage further co-operation in higher education.

He will use the trip to say Britain stands to benefit from a further GBP3 billion of investment from Saudi Arabia, helping to sustain around 2,000 jobs in the North East.

The visit comes as the UK and the Gulf Co-operation Council, which includes Riyadh, launch the seventh round of negotiations on a trade deal which the government says could add GBP1.6 billion to the British economy.

Before the summit, Dowden said: "Great Futures will be an important moment for British business. We're opening up our markets to one another so that investment, exports, tourism and collaboration flows in both directions. Britain doesn't just endorse Vision 2030, we want to be a part of it."

By Nina Lloyd, PA Political Correspondent

source: PA

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
16 May 2024 06:00

How easyJet's bet on holidays paid off

LONDON, May 16 (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for its no-frills service.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

Read more
13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Read more
13 May 2024 09:03

JPMorgan sees further upside at IAG despite recent rally

(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.

Read more
10 May 2024 16:02

London close: Stocks rise further as UK exits recession

(Sharecast News) - London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.

Read more
10 May 2024 14:17

IAG in talks to address Air Europa bid concerns

PARIS, May 10 (Reuters) - British Airways owner IAG said on Friday it is in talks with other airlines about ceding routes in order to address EU regulators' concerns that its bid for Air Europa may reduce competition and lead to price increases.

Read more
10 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record high on BoE vote, UK GDP

(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold.

Read more
10 May 2024 09:28

TOP NEWS: Upbeat IAG buoyed by continued high demand for travel

(Alliance News) - British Airways-owner International Consolidated Airlines Group SA on Friday said it is well positioned for the key summer season as it reported a narrowed first-quarter loss.

Read more
10 May 2024 09:20

owner IAG projects strong summer after solid first quarter

IAG operating profit at 68 million in Q1, compared to 9 million last year

*

Read more
10 May 2024 09:03

LONDON MARKET OPEN: Stocks buoyed by dovish BoE hold and UK GDP growth

(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:56

LONDON BRIEFING: FTSE 100 called up on BoE hold and UK economic growth

(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:04

IAG sees strong summer demand as Q1 profits take off

(Sharecast News) - British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

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.