The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 173.70
Bid: 173.40
Ask: 173.45
Change: 0.00 (0.00%)
Spread: 0.05 (0.029%)
Open: 0.00
High: 0.00
Low: 0.00
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 WINNERS & LOSERS SUMMARY: Travel Stocks Left Behind By Market Rally

Mon, 02nd Mar 2020 10:44

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

----------

FTSE 100 - WINNERS

----------

J Sainsbury, up 2.5%, WM Morrison Supermarkets, up 2.5%. Bernstein raised the two UK supermarket chains to Outperform from Market Perform.

----------

FTSE 100 - LOSERS

----------

International Consolidated Airlines Group, down 9.1%, Carnival, down 5.0%, easyJet, down 4.3%. Travel stocks remained under pressure amid coronavirus fears, despite a mild rebound in global equity markets generally. The FTSE 100 was up 0.9% at 6,637.42 on Monday morning. The large-cap index closed down 215.79 points, or 3.2%, at 6,580.61 on Friday and ended the week down 11%, its worst weekly performance since the 2008 financial crisis. "For this rebound to stick you really need to see a rebound in travel and leisure and at the moment we aren't seeing that, and that is a worry," said CMC Markets analyst Michael Hewson.

----------

FTSE 250 - WINNERS

----------

Senior, up 6.5%. The aerospace parts maker reported "robust" annual results despite the grounding of the Boeing 737 MAX jet causing disruption. Senior's revenue increased 3% in 2019 to GBP1.11 billion, but excluding currency movements, the figure actually declined by 1%. Pretax profit for the year fell by 53% at actual rates to GBP28.7 million, and the adjusted figure declined by 5% to GBP78.5 million. Senior's profit was hit by a GBP22.0 million loss in disposal following the sale of its Flexonics operations in France early in 2019. Rickmansworth, Hertfordshire-based Senior has proposed a final dividend of 5.23 pence per share. This would take the year's total to 7.51p, meaning a 1.2% year-on-year increase.

----------

Hiscox, up 5.2%. The insurer raised its annual dividend, even as annual pretax profit more than halved due to large catastrophe events. For 2019, the company's pretax profit dropped by 61% to USD53.1 million to USD135.6 million the year before. Hiscox said the profit performance was affected by large catastrophes, with USD165 million reserved for hurricane Dorian in the Bahamas and typhoons Faxai and Hagibis. There was also higher claims and claim adjustment expenses at USD3.21 billion versus USD2.33 billion, as well as expenses for the acquisition of insurance contracts at USD944.9 million from USD882.0 million. Total annual income grew by 9.4% to USD2.91 billion from USD2.66 billion the prior year. Hiscox declared a final dividend of 29.60 cents per share, bringing the total payout to 43.35 cents, up 3.6% from 41.85 cents in 2018.

----------

FTSE 250 - LOSERS

----------

PageGroup, down 4.6%. Credit Suisse double downgraded the recruiter to Underperform from Outperform.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Johnson Service Group, up 11%. The workspace clothing rental firm reported a "strong" financial performance in 2019. Revenue in the year rose 9.2% on the prior year to GBP350.6 million. Johnson Service reported organic growth of 6.5%. Pretax profit climbed 15% to GBP38.1 million, with the adjusted figure rising 13% to GBP48.2 million. Cheshire-based Johnson Service has proposed a dividend of 2.35 pence per share, which would take the total dividend to 2019 to 3.5p, a 13% rise on the year before. The Workwear division, which provides work clothing rental and laundry services to the food and industrial sectors, delivered a 5.0% revenue increase to GBP135.3 million. Trading was "strong", Johnson Service said.

----------

Starcom, up 8.5%. The Chicago-headquartered media company said it anticipates growth going forward despite its loss widening in 2019. Starcom reported a pretax loss of USD1.0 million for 2019 compared to USD831,000 loss a year earlier, as operating expenses increased to USD3.5 million from USD3.3 million. Starcom explained that costs grew mainly due to non-cash expenses such as depreciation and share option provisions. Revenue, meanwhile, grew by 14% to USD6.8 million from USD6.0 million year-on-year. Adjusted earnings before interest, tax, depreciation and amortisation totalled USD300,000 versus USD8,000 Ebitda loss a year ago. Looking ahead, Chief Executive Avi Hartmann said: "Based on our existing range of products, mature technology, global client base, recurring software-as-a-service revenue and substantial sales pipeline, the company anticipates continued growth in 2020."

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
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
7 Dec 2023 10:16

LONDON BROKER RATINGS: JPMorgan lowers IAG; Exane BNP cuts Vodafone

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

Read more
7 Dec 2023 10:10

JP Morgan cuts IAG to 'underweight'

(Sharecast News) - Analysts at JP Morgan downgraded British Airways parent company International Consolidated Airlines Group from 'neutral' to 'underweight' on Thursday as it turned "more cautious" on the sector.

Read more
7 Dec 2023 08:09

LONDON BRIEFING: Frasers confident; DS Smith profit down, CEO to leave

(Alliance News) - London's FTSE 100 made a slow start on Thursday, after equities in Asia struggled following Chinese trade data which failed to soothe growth worries about the world's second-largest economy.

Read more
28 Nov 2023 16:54

LONDON MARKET CLOSE: European stocks perk up but end day mixed

(Alliance News) - European equities closed off session lows during a mixed day on Tuesday, while stocks in New York went into the afternoon in the green, as comments from Federal Reserve officials cemented expectations that the US central bank has already enacted its last hike of the cycle.

Read more
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.

Read more
21 Nov 2023 15:19

London close: Stocks slip ahead of FOMC minutes, Autumn Statement

(Sharecast News) - London stocks finished in the red on Tuesday as investors examined the latest UK borrowing data ahead of Wednesday's Autumn Statement.

Read more
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.

Read more
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".

Read more
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.

Read more
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:

Read more
6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

Read more
6 Nov 2023 12:04

LONDON MARKET MIDDAY: Tepid start to new week as investors take stock

(Alliance News) - London's FTSE 100 drifted marginally lower heading into Monday afternoon in uncertain trade as investors reassess the near-term outlook for equity markets after a bullish week for stocks last week.

Read more
30 Oct 2023 09:40

LONDON BROKER RATINGS: Jefferies cuts NatWest to underperform from buy

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

Read more
27 Oct 2023 17:08

LONDON MARKET CLOSE: Poorly-received earnings weigh on European stocks

(Alliance News) - Stock prices in London closed mixed on Friday, hurt by share price falls for the banking sector, while investors also digested underwhelming earnings elsewhere and a US inflationary reading.

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.