FTSE 100 and sterling take a hit after Israel strikes Iran June 13, 2025 The FTSE 100 and pound tumbled Friday morning after Israel launched a flurry of strikes targeting Iran’s nuclear programme. The UK’s blue-chip index was down 0.6 per cent during early trading, led by a slump in the airline sector. BA parent IAG and low-cost airline Easyjet were down nearly four per cent following the crash [...]
IAG: British Airways owner faces shareholder revolt June 5, 2025 British Airways owner IAG is set to become the latest FTSE 100 company facing a shareholder revolt over pay awards to its top execs. Influential proxy adviser ISS has urged IAG investors to vote against a remuneration policy which includes a one-off share award for CEO Luis Gallego, at the group’s next annual general meeting [...]
FTSE 100 nears record high but Trump threat lingers May 27, 2025 The FTSE 100’s latest rally has put it inches away from sealing an all-time high but another tariff twist from the White House threatens the record. The UK’s flagship index was up one per cent to around 8,800p during midday trading on Tuesday as it reversed Friday’s losses made after Trump threatened the European Union [...]
British execs still fly to US despite Trump turmoil, data suggests May 14, 2025 Business travel across the pond has increased this year despite concern over policy developments under President Trump, data suggests. Data from the travel tech firm Navan, shared with City AM, shows year-to-date bookings for UK-US corporate trips have risen by nearly a quarter year-on-year. There were 8,000 corporate trips from the UK to the US [...]
IAG: Share price of British Airways owner ‘significantly undervalued’ May 12, 2025 IAG’s share price has been dubbed “significantly undervalued” by analysts as flight numbers soar and the airline group shrugs off wider political and economic headwinds. British Airways’ parent company reported quarterly operating profit well-ahead of expectations last Friday as it unveiled an order for 53 new Airbus and Boeing aircraft. The bumper results came despite [...]
Heathrow airport scores record April May 12, 2025 Heathrow Airport reported an increase in transatlantic passenger traffic in April despite President Donald Trump’s policy changes sparking a sharp downturn in US tourism. Some 1.8m passengers travelled between North America and the UK’s busiest hub over the month, up 5.5 per cent year-on-year. Heathrow also said year-to-date traffic to and from New York’s JFK [...]
British Airways owner IAG to buy 53 new aircraft as earnings beat estimates May 9, 2025 British Airways and Aer Lingus owner, IAG, has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results. IAG announced the order of 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft for Aer Lingus, Iberia and LEVEL. [...]
Heathrow: Sir Richard Branson eyes terminal as Virgin Atlantic and British Airways push for more control May 5, 2025 Sir Richard Branson could end up taking over one of Heathrow Airport’s terminals if the airport succumbs to pressure from airlines to reform its regulatory model. The billionaire’s airline Virgin Atlantic is plotting to seize greater control of the UK’s busiest hub alongside its long-running rival, British Airways’ parent company IAG. The two carriers are [...]
IAG: Pay for British Airways owner’s CEO takes off after FTSE 100 success March 5, 2025 The chief executive of British Airways owner IAG has received a huge pay rise after its shares surged on the FTSE 100 over the last year. Luis Gallego has been handed a pay packet of £4.6m for the group’s latest financial year, up from the £3.1m he received for 2023. The latest figure also compares [...]
IAG: British Airways owner beats expectations as profit hits record £3.6bn February 28, 2025 British Airways owner IAG beat expectations in its full-year results as strong travel demand in the post-pandemic era continued through 2024. The airline conglomerate reported a record operating profit of €4.3bn (£3.6bn), up 22 per cent year-on-year and ahead of the €3.7bn analysts had forecast. Revenue also came in ahead of expectations, rising nine per [...]