Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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: 169.05
Bid: 169.70
Ask: 169.80
Change: -2.15 (-1.26%)
Spread: 0.10 (0.059%)
Open: 170.60
High: 171.25
Low: 167.50
Prev. Close: 171.20
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: Travel, Retail Firms Dive On Tier 4 Rules

Mon, 21st Dec 2020 10:38

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

----------

FTSE 100 - WINNERS

----------

Ocado, up 4.1% and Just Eat Takeaway.com, up 3.0%. The two stocks - both involved in the business of delivering food, the former an online grocer and the latter a takeaway platform - are poised to gain from tighter restrictions in the UK. On Saturday, UK Prime Minister Boris Johnson announced that from Sunday, areas in the South East currently in Tier 3 will be moved into a new Tier 4, effectively returning to the lockdown rules of November, after scientists said a new coronavirus variant is spreading more rapidly. Non-essential shops, gyms, cinemas, hairdressers and bowling alleys have been forced to close for two weeks – with people being restricted to meeting only one other person from another household in an outdoor public space.

----------

FTSE 100 - LOSERS

----------

International Consolidated Airlines, down 11%. The emergence of a new Covid-19 strain, leading to tighter restrictions in the south east of England and to other countries closing their borders to the UK, heaped pressure on the British Airways owner.

----------

Royal Dutch Shell, 'A' and 'B' shares down 5.5% and 5.9% respectively. The oil major said it expects charges of up to USD4.5 billion due to impairments, asset restructuring and onerous contracts in the fourth quarter. For Integrated Gas, production is expected to be between 900,000 and 940,000 barrels of oil equivalent per day in the fourth quarter. LNG liquefaction volumes are expected to be between 8.0 and 8.6 million tonnes. In Upstream, production is expected to be between 2.3 million and 2.4 million barrels of oil equivalent per day. The unit is expected to post an adjusted loss in the current price environment, the firm said. Post-tax charges, in total, between USD3.5 billion to USD4.5 billion in relation to impairments, asset restructuring and onerous contracts are expected in the fourth quarter.

----------

FTSE 250 - LOSERS

----------

Hammerson, down 13%. As well as the travel sector, the retail industry was coming under pressure on Monday, with shares in shopping centre owner Hammerson falling. "Tier 4 restrictions could be catastrophic for retailers and lead to the demise of further companies in what is already a fragile sector," said Russ Mould at AJ Bell.

----------

Frasers Group, down 11%. The Sports Direct and House of Fraser owner said it has withdrawn its guidance for its current financial year due to the closure of non-essential retail in London, the south east and the east of England. The sports equipment and clothing retailer said the new restrictions enacted during the peak trading period and combined with the high likelihood of further lockdowns nationwide over the coming months means it can no longer commit to its guidance of a 20% to 30% improvement in underlying earnings before interest, tax, depreciation, and amortization for its financial year ending April 2021.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Kibo Energy, up 9.7%. The energy company said its UK subsidiary Sloane Developments Ltd has progressed the acquisition of the 9 megawatts flexible gas power project. Kibo said the latest progress is based on the parties making their reciprocal due diligence investigations, which have now reached the point where the parties are in the process of finalizing a definitive share purchase agreement. Sloane is seeking listing on the London Stock Exchange, after which it will be renamed Mast Energy Developments Projects PLC. Admission will be accompanied by an initial public offering, which will seek to raise sufficient funds to complete the acquisition. Kibo intends to maintain a strategic interest in Mast post the initial fundraise and admission of at least 51% ensuring continued upside from future developments.

----------

OTHER MAIN MARKET AND AIM - LOSERS

----------

Premier Oil, down 12%. Berenberg cut the oil and gas company to Sell from Hold.

----------

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
9 Aug 2023 12:37

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Read more
9 Aug 2023 10:09

Irish court pauses order for Dublin Airport to limit flights

DUBLIN, Aug 9 (Reuters) - Ireland's High Court has paused a local council order that would have forced Dublin Airport to limit daily flights between the hours of 11 p.m. and 7 a.m. from next month pending a full hearing on the matter.

Read more
9 Aug 2023 05:01

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Read more
7 Aug 2023 13:09

Carriers face longer Africa flights, suspensions as Niger closes airspace

LONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday.

Read more
5 Aug 2023 11:12

PRESS: IAG agree 13% pay rise for 24,000 staff - Financial Times

(Alliance News) - The Financial Times on Friday reported that International Consolidated Airlines Group SA has agreed a 13% pay rise for 24,000 staff.

Read more
3 Aug 2023 12:00

Sluggish return of business travelers forces US airlines to rejig their networks

CHICAGO, Aug 3 (Reuters) - U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes.

Read more
3 Aug 2023 11:43

Holiday travel boom here to stay, says Lufthansa

BERLIN, Aug 3 (Reuters) - The boom in holiday travel shows no signs of ending, German airline group Lufthansa said on Thursday, as advance bookings for this winter and next year were already a double-digit percentage above the year-earlier level.

Read more
3 Aug 2023 10:25

Lufthansa bolstered by leisure travel demand, but costs bite

Lufthansa sees 2023 adj EBIT at more than 2.6 bln euros

*

Read more
3 Aug 2023 09:31

LONDON BROKER RATINGS: Berenberg raises Hochschild Mining to 'buy'

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

Read more
3 Aug 2023 06:01

Sluggish return of business travelers forces US airlines to rejig their networks

CHICAGO, Aug 3 (Reuters) - U.S. airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying for business purposes.

Read more
1 Aug 2023 09:24

LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target

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

Read more
31 Jul 2023 17:27

UK's FTSE 100 ends marginally higher, notches monthly gains

Beverages down on Heineken's outlook

*

Read more
31 Jul 2023 16:56

LONDON MARKET CLOSE: FTSE 100 inches higher as BoE moves into focus

(Alliance News) - European equities closed slightly higher on Monday, supported by favourable eurozone data and the hope of more stimulus in China, after an underwhelming factory reading there.

Read more
31 Jul 2023 14:57

BofA Merrill Lynch lifts IAG price target, reiterates 'buy'

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

Read more
31 Jul 2023 14:45

Broker tips: IAG, Babcock

(Sharecast News) - Bank of America Merrill Lynch lifted its price target on BA and Iberia owner IAG on Monday to 260p from 240p and reiterated its 'buy' rating on the shares after results last week.

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.