Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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: 176.30
Bid: 176.75
Ask: 176.85
Change: 0.15 (0.09%)
Spread: 0.10 (0.057%)
Open: 177.75
High: 178.70
Low: 174.65
Prev. Close: 176.15
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WRAPUP 5-Britain faces isolation as world tightens borders to keep out new coronavirus strain

Mon, 21st Dec 2020 18:53

(adds UK adviser, truckers, no progress on trade talks, BA
testing)

* Nations ban travel from UK over infectious new strain

* UK supermarkets warn of some food shortages

* Sterling, stocks and bond yields tumble

* Chaos comes as Britain due to exit EU's orbit on Dec. 31

* EU regulator approves use of Pfizer-BioNTech vaccine

* U.S. Congress poised to vote on $900 billion stimulus

By Gerhard Mey and Ben Makori

DOVER, England, Dec 21 (Reuters) - Countries across the
globe shut their borders to Britain on Monday due to fears about
a highly infectious new coronavirus strain, causing travel chaos
and raising the prospect of food shortages days before Britain
is set to leave the European Union.

India, Pakistan, Poland, Spain, Switzerland, Sweden, Russia,
Jordan and Hong Kong suspended travel for Britons after Prime
Minister Boris Johnson said a mutated variant of the virus had
been identified in the country. Saudi Arabia, Kuwait and Oman
closed their borders completely.

Several other nations blocked travel from Britain over the
weekend, including France, Germany, Italy, the Netherlands,
Austria, Ireland, Belgium and Canada - although experts said the
strain may already be circulating in countries with less
advanced detection methods than the United Kingdom.

France shut its border to arrivals of people and trucks from
Britain, closing off one of the most important trade arteries
with mainland Europe.

Trucks backed up for miles on the highway leading to the
port of Dover, Britain's main trade gateway with the continent
and thousands of Europe-bound drivers were stranded.

"My chances of going home for Christmas are going down. It's
stupid and I am nervous and unhappy about that," said Stanislaw
Olbrich, a 55-year-old Polish trucker stuck 24 miles (40 km)
north of Dover.

The discovery of the new strain, just months before vaccines
are expected to be widely available, sowed new panic in a
pandemic that has killed about 1.7 million people worldwide and
more than 67,000 in Britain.

New York Governor Andrew Cuomo urged the U.S. government to
take steps to prevent the variant entering the United States,
which has been worst hit by COVID-19 with almost 318,000 deaths.

"It's high time the federal government takes swift action,
because today that variant is getting on a plane and landing in
JFK, and all it takes is one person," he said.

British Airways agreed to allow only passengers who test
negative for the coronavirus to fly to New York's John F.
Kennedy International Airport, he said.

U.S. Assistant Health Secretary Brett Giroir said nothing
had yet been decided on any travel ban.

European officials met via video link to coordinate their
response to the new strain. The EU is on course to start
vaccinations within a week after its medicines regulator
approved the use of a shot from Pfizer and BioNTech
on Monday.

Experts said there was no evidence that vaccines would not
protect against this variant but they were working around the
clock to determine whether the mutations would affect how well
the shots guarded against infection.

The UK government's chief scientific adviser, Patrick
Vallance, said tighter restrictions on public life in Britain
were likely.

"I will say that the evidence on this virus is it spreads
easily, it's more transmissible, we absolutely need to make sure
we've got the right level of restrictions in place," Vallance
told a news conference hosted by Johnson.

"And I think it's likely therefore that measures need to
need to be increased in some places in due course, not reduced."

FOOD SHORTAGES WARNING

As well as the traffic jams around British ports, trucks
were also backed up in Calais and other French ports. Although
they are allowed to cross from France to Britain, the logistics
chain that keeps the goods moving has been thrown out of kilter.

"No driver wants to deliver to the UK now, so the UK is
going to see its freight supply dry up," France's FNTR national
road-haulage federation said.

British supermarket chains Sainsbury's and <Tesco
TSCO.L> said shortages would start to appear within days if
transport ties were not quickly restored.

"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.

The global alarm was reflected in financial markets.

European shares slumped, with travel and leisure stocks
bearing the brunt. British Airways-owner IAG and
easyJet dropped about 7%, while Air France KLM
lost around 3%.

Wall Street also felt the pain, with losses across the
board. The S&P 1500 airlines index slid 3%, while
leading cruise operators fell about 4%.

The British pound tumbled 2.5% against the dollar at one
point before paring some of the losses, while the yield on
two-year UK government bonds hit a record low.

CHRISTMAS CLAMPDOWN

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

The new variant and restrictions in Britain compound the
chaos as the country prepares to finally part ways with the
European Union, possibly without a trade deal, when the Brexit
transition period at 2300 GMT on Dec. 31.

Talks on a Brexit trade deal continued on Monday but Johnson
said there were still problems and the position was unchanged.

The new variant, which scientists said was 40%-70% more
transmissible, is rapidly become the dominant strain in parts of
southern England, including London.

Experts tracking it said there was some early but
unconfirmed evidence that it could transmit as readily among
children as among adults, unlike previous dominant strains.

Cases of the new strain have also been in detected in some
other countries, including Denmark, Italy and the Netherlands.

Australia said two people who travelled from Britain to New
South Wales state were carrying the mutated virus. It axed
dozens of domestic flights while New South Wales locked down
more than 250,000 people.

Some scientists said the prevalence discovered in Britain
might be down to more thorough detection.

"I think we will find in the coming days that a lot of other
countries will find it," Marc Van Ranst, a virologist from the
Rega Institute for Medical Research in Belgium, told broadcaster
VRT.

(Additional reporting by Kate Kelland, Toby Melville and James
Davey in London, Laurence Frost in Paris, Philip Blenkinsop in
Brussels, Sayantani Ghosh in Singapore, Frank McGurty in New
York, Josh Smith and Sangmi Cha in Seoul, Renju Jose in Sydney,
Shilpa Jamkhandikar in Mumbai and Farah Master in Hong Kong;
Writing by Guy Faulconbridge and Pravin Char; Editing by Angus
MacSwan)

More News
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more
19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

Read more
19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

Read more
18 Apr 2024 16:52

LONDON MARKET CLOSE: Stocks recover some of recent Fed talk losses

(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while initial jobless claims for the week came in steady.

Read more
18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

Read more
18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

*

Read more
12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

Read more
11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

(Alliance News) - Stock prices in London closed lower on Thursday, with a hawkish interest rate outlook for the Federal Reserve and geopolitical tensions hurting investor enthusiasm.

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
10 Apr 2024 14:46

Portugal's new government vows to keep balanced budgets, privatise TAP

LISBON, April 10 (Reuters) - Portugal's new minority government will maintain balanced budgets, keep reducing the country's public debt and carry out a long-planned privatisation of flag carrier TAP, it said in its inaugural legislative programme on Wednesday.

Read more
8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

Read more
6 Apr 2024 18:59

Two planes at Heathrow Airport collide on the ground

LONDON, April 6 (Reuters) - The wingtip of an empty Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said.

Read more
5 Apr 2024 19:38

UK Border Force officers suspend Heathrow Airport strike action plan

LONDON, April 5 (Reuters) - UK Border Force officers at Heathrow Airport, Britain's busiest hub, have suspended the strike action they were due to take for four days from April 11 in a dispute over working conditions, a trade union said on Friday.

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.