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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: 175.50
Bid: 175.50
Ask: 175.65
Change: -0.90 (-0.51%)
Spread: 0.15 (0.085%)
Open: 175.40
High: 176.15
Low: 175.15
Prev. Close: 176.40
IAG Live PriceLast checked at -

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UK's FTSE 100 edges up as consumer staples offset commodity slump

Tue, 12th Jul 2022 17:32

July 12 (Reuters) - UK's top share index edged up on Tuesday, as gains in defensive sectors outweighed mining and energy stocks pulled down by strict COVID-19 lockdowns in China and prospects of further central bank tightening.

The blue-chip FTSE 100 ended up 0.2% and the domestically oriented FTSE 250 index rose 0.1%.

Defensive sectors such as consumer staples that tend to be less sensitive to the economic climate boosted the FTSE 100 index. Unilever, Reckitt Benckiser and British American Tobacco rose near 1% each.

Capping gains on the resource-heavy FTSE 100, the industrial metals and mining index and energy index dropped 0.6% and 1.7%, respectively, as commodity prices slid on the back of a strong U.S. dollar, China's lockdowns and higher benchmark interest rates globally.

Travel and leisure stocks gained 1.1%, with British Airways owner IAG and Wizz Air rising 6.5%, and 4.6%, respectively.

"We have seen oil fall bit below $100 a barrel and that obviously is good news for airlines because a lot of their costs are taken up by fuel. That is partly what you're seeing with IAG," Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said.

"Nervousness that was taking hold on financial markets this morning in terms of concerns about fresh COVID outbreaks in China and falling global growth has eased off a little but investors are still pretty sensitive."

Meanwhile, Britain's new prime minister will be announced on Sept. 5, with the first votes to begin eliminating candidates in a crowded and increasingly unpredictable and divisive contest to replace Boris Johnson this week.

Real estate firms Hammerson, British Land and Land Securities fell between 1.8% and 4% after Royal Bank of Canada downgraded their shares, saying higher interest rates, deterioration in credit spreads and recessionary trends put the sector in "uncharted territory".

Among mid-caps, shares of Plus500 climbed 1.2% after the online trading platform forecast its annual revenue and profit ahead of market expectations, benefiting from a surge in market volatility.

More News
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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20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

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20 Oct 2023 17:06

LONDON MARKET CLOSE: Stocks down after difficult week for markets

(Alliance News) - Stock prices in London closed lower on Friday, after a difficult week for markets, as investors contend with the heightening war in the Middle East as well as the prospect of higher interest rates.

Read more
20 Oct 2023 15:44

UK earnings, trading statements calendar - next 7 days

Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Virgin Wines UK PLCFull Year Results
Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Oct 2023 12:11

LONDON MARKET MIDDAY: Middle East tensions continue to weigh on stocks

(Alliance News) - Stock prices in London were down at midday on Friday, as ongoing hostilities in the Middle East continued to weigh on investor sentiment, with US interest rate worries also tempering enthusiasm.

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20 Oct 2023 08:52

LONDON MARKET OPEN: Rate worries and Middle East tensions hurt shares

(Alliance News) - Stock prices in London opened lower on Friday, with US interest rate concerns and ongoing hostilities in the Middle East keeping a lid on enthusiasm at the end of the week.

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18 Oct 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 falls after stubborn UK inflation data

(Alliance News) - Stock prices in London were lower heading into Wednesday afternoon, with events in Gaza and a hotter-than-expected UK inflation reading weighing on stocks.

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18 Oct 2023 09:39

LONDON BROKER RATINGS: Citigroup cuts Wizz Air to 'sell'

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

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17 Oct 2023 09:56

UK competition regulator orders rethink on Heathrow Airport charges

(Alliance News) - A decision on how much Heathrow Airport can charge airlines must be reconsidered, competition regulator the Competition & Markets Authority said.

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9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

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9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

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9 Oct 2023 08:54

LONDON BROKER RATINGS: Numis raises Rotork and cuts Bodycote

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

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8 Oct 2023 14:22

Major airlines cancel dozens of flights to Tel Aviv amid Hamas attack

(Alliance News) - Major airlines have cancelled dozens of flights to Tel Aviv this weekend after the Palestinian militant group Hamas launched a surprise large-scale attack against Israel.

Read more

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