IN BRIEF: IAG completes EUR500 million buyback scheme

International Consolidated Airlines Group SA - London- and Madrid-based owner of British Airways, Iberia and other airlines - Says its EUR500 million buyback programme completed on Thursday. The programme was announced back in February. IAG has repurchased 116.8 million shares, which represents about 2.5% of stock in issue. The purpose of the programme is to reduce share capital and the repurchased shares are being held in treasury pending cancellation, which is subject to approval at IAG's annual general meeting on June 18.

Current share price: 375.90 pence, down 2.2% on Friday afternoon in London

12-month change: up 17%

By Holly Munks, Alliance News reporter

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