PYX Resources: Achieving volume and diversification milestones. Watch the video 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: 177.60
Bid: 177.65
Ask: 177.75
Change: 0.65 (0.37%)
Spread: 0.10 (0.056%)
Open: 177.25
High: 179.35
Low: 176.60
Prev. Close: 176.95
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 WINNERS & LOSERS SUMMARY: Amigo Down 22% As Puts Up For-Sale Sign

Mon, 27th Jan 2020 10:30

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.

----------

FTSE 100 - WINNERS

----------

Polymetal International, up 0.2%. The gold miner was tracking spot gold prices higher. The safe-haven assest was quoted at USD1,582.50 an ounce Monday, up from USD1,571.18 late Friday, amid growing concerns about the spread of the coronavirus in China.

----------

FTSE 100 - LOSERS

----------

Anglo American, down 4.9%, Rio Tinto, down 4.7%, Antofagasta, down 4.7%, Glencore, down 4.3%, BHP, down 4.1%. The miners were lower on fears the coronavirus epidemic will weaken China's demand for industrial metals. "The heavy weighting of the index towards the resources sector has exacerbated the situation, given how these companies' fortunes are closely tied to the commodity-hungry Chinese economy," said AJ Bell's Russ Mould.

----------

International Consolidated Airlines, down 6.0%, easyJet down 5.7%. The airline operators were lower amid worries that international travel restrictions could be imposed should the World Health Organisation declare the coronavirus outbreak a global health emergency.

----------

FTSE 250 - WINNERS

----------

Computacenter, up 1.3%. Berenberg raised the IT services provider to Buy from Hold.

----------

FTSE 250 - LOSERS

----------

Fidelity China Special Situations, down 6.5%. Shares in the China-focused investment trust were lower on the health crisis in China.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Nektan, up 45%. The mobile gaming and casino technology platform said first half revenue of business-to-business division more than doubled on the previous year following a group restructuring programme. In the six months to December 31, Nektan recorded B2B revenue of GBP787,000, more than double the GBP311,000 reported the year before. In December alone, Nektan's B2B revenue was GBP225,000. Nektan now has 28 live sites, generating revenue, which is sharply higher than the 5 live sites the year before. The company has 6 sites in beta stage and a further 21 in its pipeline to launch. As a result, Nektan is now guiding for monthly earnings before interest, tax, depreciation and amortization to be break-even by the end of financial 2020.

----------

OTHER MAIN MARKET AND AIM - LOSERS

----------

Amigo Holdings, down 22%. The guarantor loans provider launched a strategic review and formal sale process in a bid to "maximise value for its shareholders". This may result in a sale of the company. Amigo said controlling shareholder Richmond Group is a "willing seller" of its 60% stake. The review will be looking into the lender's "strategy, ownership and operating model". Amigo said it is considering the potential sale of the company as a whole, the sale of parts of the group, the sale of the UK business, and a potential de-listing of the company's shares. The announcement follows a board clear-out in early December. James Benamor, founder and previous chief executive of Amigo, returned to the company and was appointed a non-independent non-executive director with immediate effect. Benamor holds his stake in Amigo via Richmond. "Amigo has been under pressure from the regulator to improve the way it conducted business. The Financial Conduct Authority has been worried that many guarantors do not fully understand the risks they are taking on, as well as too many guarantors ending up paying part of the loan, as well as interest rates potentially being too high," said Mould.

----------

Safestyle UK, down 15%. The PVC windows and doors maker said it expects to report a loss for 2019, albeit a narrowed one, with costs from its ongoing transformation programme likely to hurt 2020 profitability as well. Safestyle is predicting an underlying pretax loss of up to GBP1.5 million, narrowed from GBP8.7 million in 2018. This underlying figure excludes items such as non-recurring costs and share based payment. The narrowing of this loss has been mostly driven by revenue, which for 2019 is forecast at around GBP126 million, an 8.2% rise from GBP116.4 million. This would put Safestyle's second-half revenue around 11% ahead of the year before. Safestyle said the reason it is still expecting to post a loss is that it incurred "additional lead generation costs" in the fourth quarter. In 2020, Safestyle will invest around GBP3.0 million in these initiatives, which is "expected to have a negative impact on short-term profitability" but is ultimately planned to "deliver material benefit" starting in 2021.

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

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

Read more
21 Jan 2024 18:15

Over 100 flights cancelled at Dublin airport due to storm

DUBLIN, Jan 21 (Reuters) - Airlines cancelled 102 flights in and out of Dublin airport on Sunday due to a storm that was forecast to rage for the rest of the day, the airport operator said.

Read more
17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

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

Read more
16 Jan 2024 17:01

IAG to offer remedies to EU for Air Europa deal

BRUSSELS, Jan 16 (Reuters) - British Airways owner IAG expects EU antitrust regulators to open a full-scale investigation into its plan to buy Spain's Air Europa and will offer remedies to address their concerns, IAG's chief executive said on Tuesday.

Read more
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

Read more
5 Jan 2024 07:59

Ground staff at IAG-owned Iberia to strike from midnight

MADRID, Jan 4 (Reuters) - Ground staff at IAG-owned Iberia airlines will stage a four-day strike at Spanish airports from Friday, forcing the cancellation of hundreds of flights, after talks between unions and the company failed at a last-ditch meeting, the airline said.

Read more
21 Dec 2023 07:26

Ground service workers at Spain's Iberia postpone strike after New Year period

MADRID, Dec 21 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia have postponed a strike at Spanish airports that was announced for the New Year period.

Read more
14 Dec 2023 13:32

Ground service workers at Spain's Iberia plan New Year strike

MADRID, Dec 14 (Reuters) - Unions for ground service workers at International Airlines Group-owned Iberia said on Thursday they plan to strike over the New Year period at Spanish airports.

Read more
14 Dec 2023 07:53

Spain airport ground service workers plan New Year strike, Iberia says

MADRID, Dec 14 (Reuters) - Labour unions representing ground service workers at Spanish airports plan to strike from late December into early January, Spain's Iberia, part of the International Airlines Group, said.

Read more
13 Dec 2023 14:22

Spanish airline Volotea to increase fleet to 45 jetliners in 2024

MADRID, Dec 13 (Reuters) - Spanish low-cost airline Volotea plans to increase its fleet to 45 commercial aircraft next year up from 41 now as it plans to expand its short- and medium- haul route network, a spokesperson said on Wednesday.

Read more
12 Dec 2023 17:16

Portugal's TAP expects slower but sound 2024 revenue growth, CEO says

LISBON, Dec 12 (Reuters) - Portugal's flag carrier TAP expects to deliver strong results again in 2024, though with more moderate revenue growth, which should maintain its attractiveness to potential buyers, CEO Luis Rodrigues said on Tuesday.

Read more
7 Dec 2023 16:59

LONDON MARKET CLOSE: Stocks mute as eyes turn to US jobs data

(Alliance News) - Stock prices across Europe were muted on Thursday, as investors cautiously eye the next set of US jobs data.

Read more
7 Dec 2023 15:03

London close: Stocks weaker as investors look to central banks

(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.

Read more
7 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks muted amid pre-US jobs data nerves

(Alliance News) - London's FTSE 100 was slightly lower early on Thursday afternoon, with the mood in global markets cautious as investors eagerly anticipate Friday's US jobs data.

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.