Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 172.00
Bid: 0.00
Ask: 179.00
Change: 0.00 (0.00%)
Spread: 7.15 (4.161%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 172.00
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-'Sick man of Europe': UK cut off over fears about new COVID strain

Mon, 21st Dec 2020 08:14

* UK says French freight closure is 'surprising'

* Much of Europe cuts travel ties with UK

* Sainsbury's warns of shortages in certain foods

* Sterling, stocks and bond yields fall

* UK due to exit EU's orbit on Dec. 31

* Brexit talks continue
(Adds Sainsbury's)

By Gerhard Mey and Ben Makori

DOVER, England, Dec 21 (Reuters) - The United Kingdom stood
shut off from the rest of Europe on Monday after allies cut
transport ties over fears of a new coronavirus strain, sowing
chaos for families, truckers and supermarkets just days before
the Brexit cliff edge.

France, Germany, Italy, the Netherlands, Austria,
Switzerland, Ireland, Belgium, Israel and Canada were among
those that shut off travel ties after Prime Minister Boris
Johnson warned that a highly infectious new strain of the virus
was a danger to the country.

Johnson will chair an emergency response meeting on Monday
to discuss international travel, in particular the flow of
freight in and out of Britain. EU officials are due to hold a
meeting at 1000 GMT on coordinating their response.

France shut its border to arrivals of people and trucks from
the United Kingdom, closing off one of the most important trade
arteries with mainland Europe, a step Transport Secretary Grant
Shapps said was surprising.

"We're doing everything we can to get that restarted,"
Shapps told Sky. "They've said to us they want to restart the
hauliers as quickly as possible."

As families and truck drivers tried to navigate the travel
bans to get back home in time for Christmas, Britain's
second-largest supermarket chain, Sainsbury's, said
gaps will start to appear on shelves within days if transport
ties are not quickly restored with mainland Europe.

"If nothing changes, we will start to see gaps over the
coming days on lettuce, some salad leaves, cauliflowers,
broccoli and citrus fruit – all of which are imported from the
continent at this time of year," Sainsbury's said.

Shellfish producers in Scotland said they had tonnes of
perishable products stranded on roads as the French border was
closed. Disruption in Britain will also snarl supplies to
Ireland.

Hong Kong is also due to ban all flights arriving from the
United Kingdom from midnight, becoming the first city in Asia to
do so. Asian nations including Japan and South Korea said they
were closely monitoring the new strain.

The pound fell more than 2 cents to $1.3279 and the FTSE 100
fell 2% at the open, with travel companies such as British
Airways-owner IAG tumbling 15%. The yield on 2-year UK
gilts hit a record low.

TRANSPORT CHAOS

Britain's Shapps said getting the bans lifted as swiftly as
possible was his priority but that given British preparations
for the end of the Brexit transition period, the country was
well positioned for disruption.

Johnson on Saturday cancelled Christmas plans for millions
of British people due to what he said was a more infectious
strain of the coronavirus, though he said there was no evidence
that it was either more lethal or caused a more severe illness.

The new variant contains 23 different changes, many of them
associated with how it binds to cells and enters them. Shapps
said Britain had done some of the best global analysis of the
mutations of the virus so it was simply seeing what was already
at large in other countries.

The British government triggered plans it had for stacking
up trucks in the southeast county of Kent - part of its plans
for potential disruption when the United Kingdom exits the EU's
orbit with - or without - a trade deal at 2300 GMT on Dec. 31.

Talks on a Brexit trade deal were due to continue on Monday.

'SICK MAN OF EUROPE'

Trucks are being stacked on the M20 motorway through Kent,
heading towards the ports, which is closed to normal traffic. A
nearby airport will also be used to hold freight.

"Sick Man of Europe", the Daily Mirror newspaper said on its
front page beside a picture of Johnson while the Sun newspaper
said "French show no merci".

The closure of the Channel Tunnel and ports for onward
travel to France will affect the export of goods such as fish
and shell fish from Scotland to Europe, and the import of food
for British supermarkets if, as expected, European drivers
refuse to travel.

Trucks have been told to avoid Kent to prevent any further
build up of trucks.

Jon Swallow, a director of the British logistics group
Jordon Freight, said the move by France would deter European
drivers from coming to Britain both now and after the end of the
year for fear they will get stuck.

"This is a serious situation as the stockpiled goods
expected here are for Christmas and to help stabilise January,"
he told Reuters. "This shows how fragile the cross channel route
is."
(Additional reporting by Toby Melville and James Davey; Writing
by Guy Faulconbridge; Editing by Kate Holton and Alison
Williams)

More News
16 May 2024 06:00

How easyJet's bet on holidays paid off

LONDON, May 16 (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for its no-frills service.

Read more
14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised the use of lethal force to clear land for a new desert city.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

Read more
13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Read more
13 May 2024 09:03

JPMorgan sees further upside at IAG despite recent rally

(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.

Read more
10 May 2024 16:02

London close: Stocks rise further as UK exits recession

(Sharecast News) - London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.

Read more
10 May 2024 14:17

IAG in talks to address Air Europa bid concerns

PARIS, May 10 (Reuters) - British Airways owner IAG said on Friday it is in talks with other airlines about ceding routes in order to address EU regulators' concerns that its bid for Air Europa may reduce competition and lead to price increases.

Read more
10 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record high on BoE vote, UK GDP

(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold.

Read more
10 May 2024 09:28

TOP NEWS: Upbeat IAG buoyed by continued high demand for travel

(Alliance News) - British Airways-owner International Consolidated Airlines Group SA on Friday said it is well positioned for the key summer season as it reported a narrowed first-quarter loss.

Read more
10 May 2024 09:20

owner IAG projects strong summer after solid first quarter

IAG operating profit at 68 million in Q1, compared to 9 million last year

*

Read more
10 May 2024 09:03

LONDON MARKET OPEN: Stocks buoyed by dovish BoE hold and UK GDP growth

(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:56

LONDON BRIEFING: FTSE 100 called up on BoE hold and UK economic growth

(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.

Read more
10 May 2024 07:04

IAG sees strong summer demand as Q1 profits take off

(Sharecast News) - British Airways owner IAG said it was "well positioned" for the summer after posting a huge rise in first quarter profit on the back of strong leisure travel demand, especially over the Easter holidays.

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood ahead of Thursday's Bank of England decision.

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.