Roundtable Discussion; The Future of Mineral Sands. 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: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.00 (0.00%)
Spread: 0.10 (0.056%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 178.65
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 3-Britain's top court gives go-ahead to Heathrow expansion

Wed, 16th Dec 2020 10:08

* Heathrow, to west of London, is UK's biggest airport

* Legal battles, political wrangling have long blocked
expansion

* PM Johnson opposes expansion, spokesman says to respond
later

* Ruling comes amid COVID-induced downturn, Brexit
uncertainty

* Heathrow keen to retrieve crown as Europe's busiest hub
(Adds PM spokesman's comment, bullets)

By Sarah Young

LONDON, Dec 16 (Reuters) - Britain's top court gave the
go-ahead to the expansion of Heathrow Airport on Wednesday,
allowing the 14 billion pound ($19 billion) plan to proceed
after decades of legal battles and political wrangling.

The Supreme Court ruling overturned a previous court
decision that had blocked the plan on environmental grounds.

Heathrow, Britain's biggest airport, currently has only two
runways and is keen to proceed despite the plunge in air traffic
during the COVID-19 pandemic that has seen it lose its crown as
the busiest hub in Europe.

Prime Minister Boris Johnson has been a vociferous opponent
of the expansion, which was approved under the previous
government. As mayor of London, he said in 2015 he would lie
down in front of bulldozers if necessary to stop construction
of the third runway.

His spokesman said on Wednesday the government had noted the
court's judgment and would respond in due course.

In February, a court had declared the expansion unlawful,
ruling in favour of climate change campaigners. The judge had
said that a failure to take into account the British
government's commitments on climate change was "legally fatal"
to the plans.

But a Supreme Court judge told a virtual session on
Wednesday that the government had taken climate change
commitments into account when designing its airport policy.

"For these reasons, the Court unanimously concludes that the
appeal should be allowed. The airports national policy statement
is lawful," Judge Philip Sales said.

Since February, the aviation sector has been hit by its
worst ever downturn, meaning Heathrow now has plenty of spare
capacity, but the airport said another runway was still vital
for the future.

BREXIT

"Demand for aviation will recover from COVID-19, and the
additional capacity at an expanded Heathrow will allow Britain
as a sovereign nation to compete for trade and win against our
rivals in France and Germany," a Heathrow spokesman said in a
statement.

Heathrow and its supporters argue that Britain's departure
from the European Union makes expansion critical to ensuring the
country can increase trade with the rest of the world. The new
runway won't be opened until the 2030s, Heathrow has said.

The airport is owned by Spain's Ferrovial, the
Qatar Investment Authority and China Investment Corp, among
others.

Though it is Britain's biggest airport by value, its two
runways compare with Paris's and Frankfurt's four and
Amsterdam's six. Before the pandemic, it had no space to add new
flights.

The project has been hotly debated in Britain for almost
half a century. The new runway was previously approved in 2009
before being scrapped the following year, and then approved
again in 2018.

Wednesday's ruling represents a setback to wider hopes among
climate campaigners of using Heathrow as a test case to develop
similar legal challenges to heavily polluting transport, energy
or other projects in other countries.

Heathrow said that its expansion plan must now go through a
planning process that will require it to prove expansion is
compliant with Britain's climate change obligations before
construction can begin.
($1 = 0.7408 pounds)
(Additional reporting by Michael Holden and Kate Holton;
Editing by Alex Richardson and Gareth Jones)

More News
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
31 Jul 2023 12:06

LONDON MARKET MIDDAY: Europe rises but FTSE 100 underperforms

(Alliance News) - Stock prices in London were lower at midday on Monday, though European peers were on the rise, following favourable eurozone economic data.

Read more
31 Jul 2023 09:16

LONDON BROKER RATINGS: Oddo BHF raises IAG to 'outperform'

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

Read more
28 Jul 2023 17:44

UK's FTSE 100 ends flat as BOJ sparks rate worries, higher on the week

AstraZeneca boosts pharma index to one-month high

*

Read more
28 Jul 2023 16:58

LONDON MARKET CLOSE: FTSE 100 flat as DAX surges to record high

(Alliance News) - London's FTSE 100 tread water on Friday, after a trio of central bank decisions, and as focus turns to the Bank of England next week and the US jobs report.

Read more
28 Jul 2023 12:34

Air France-KLM's rising costs overshadow profit beat

Q2 operating profit 733 mln euros vs forecast 663 mln

*

Read more
28 Jul 2023 11:47

LONDON MARKET MIDDAY: FTSE 100 treads water on blue chip earnings

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a busy week of earnings comes to an end.

Read more
28 Jul 2023 09:27

TOP NEWS: IAG to restore flight capacity to pre-pandemic by year-end

(Alliance News) - International Consolidated Airlines Group SA on Friday said it will return its flying capacity back to the level seen before the Covid-19 by the end of 2023, as it reported a dramatic swing to profit in the first half of the year.

Read more
28 Jul 2023 08:52

British Airways-owner IAG beats forecasts, but wary on outlook

Q2 profit 1.25 bln euros vs 895 mln forecast

*

Read more
28 Jul 2023 07:54

LONDON BRIEFING: NatWest posts interim growth; IAG swings to profit

(Alliance News) - Stocks in London are called slightly lower on Friday, with investors having plenty to consider amid the week's swathe of corporate earnings and central bank decisions.

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.