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The Latest Breaking News from IAG

Insurance giant sued over 'loyalty tax' on policies

A class action has been filed against NRMA Insurance's parent on behalf of millions of customers allegedly ripped off on home and contents insurance policies.

AAP

Retailers help drag FTSE 100 to three-month low as firms warn over tax rises

The blue-chip index dropped 68.35 points to close at 8,072.39, the lowest level since early August.

Evening Standard

British Airways owner IAG outperforms rivals with profits up 15%

Group expects ‘strong financial performance to continue’ as it announces €350m share buyback scheme

The Guardian - UK

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British Airways owner IAG records surge in earnings

International Airlines Group reported an operating profit for the first three months to the end of September of 2.0 billion euro (£1.7 billion).

Evening Standard

FTSE 100 Live 08 November: British Airways owner IAG soars on results beat, retail stocks struggle

IAG shares soared in the FTSE 100 index today after the British Airways owner reported a bumper summer.

Evening Standard

FTSE 100 Live 28 October: Oil price slide hits BP and Shell, Trainline upgrades guidance

A 5% slide in the price of Brent Crude today ensured BP and Shell led the fallers board during an otherwise resilient session for the FTSE 100 index.

Evening Standard

Insurer's disaster claims running well under budget

Insurer IAG had relatively fewer natural peril claims in the first quarter of 2024/25, but CEO Nick Hawkins says everyone realises how quickly that can change.

AAP

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Woman Named Karen Sues Company For Not Giving Farewell Card, Finds Out Almost No One Signed It

“If you go around saying everyone hates you, sooner or later you’re going to be right." The post Woman Named Karen Sues Company For Not Giving Farewell Card, Finds Out Almost No One Signed It first appeared on Bored Panda.

Bored Panda

Woman who did not get leaving card loses UK employment claim

Managers did not give Karen Conaghan her leaving card because of the low number of signatures

The Independent UK

Aussie shares edge up as Rio seals $10b lithium deal

The ASX200 has finished 0.1 per cent higher, with Rio Tinto announcing after the market closed that it would pay $10 billion to acquire Arcadium Lithium.

AAP

Woolworths and Coles sued by ACCC for allegedly misleading shoppers over the price of more than 500 products

At a time most people are trying to cut their weekly grocery bills, Australia’s supermarket giants have been hit with legal action for allegedly misleading shoppers over the price of hundreds of products.

The Conversation

2 Stocks to Scoop Up as Gold Price Forecasts Rise

As bullish sentiments around gold strengthen, adding these two stocks from the space can make your portfolio shine.

Barchart

New Actors Join Horror Film Goons In Louisiana Production

Upcoming horror film 'Goons' adds talented actors to its cast in Louisiana. Director Gerard McMurray leads the project set in eerie locations.

Top News

Aussie shares in late comeback to extend winning streak

After being down as much as 0.5 per cent in morning trading, the ASX200 gained steadily in the afternoon to finish slightly in the green and above 8,000.

AAP

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news in one place.

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AAP

IAG to spend $350m on share buyback after profit jumps

Insurance Australia Group says its financial position has improved, after growing its full-year profit by 7.9 per cent to $898 million.

Evening Standard

British Airways owner IAG shares soar despite market headwinds

Technology stocks are under pressure but IAG is in demand after declaring dividend

The Guardian - UK

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

International Business Times

British Airways Parent IAG Drops Bid For Air Europa

Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment".

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news in one place.

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AAP

Australian shares finish financial year up 7.8 per cent

The ASX200's early gains on Friday faded in the afternoon, but it still finished June and 2023/24 in the green.

The Independent UK

Aer Lingus industrial action causing hundreds of cancellations– what does it mean for your flight?

Pilots at the Irish airline voted 99% in favour of action in support of a 24% pay claim

AAP

Insurers hiked premiums in loyalty ploy, lawsuit claims

A loyalty ploy by insurers led to higher premiums being charged to more than one million customers, a class action alleges in claims the parent company denies.

AVNetwork

Pro AV Newsmakers: ASG Goes AI, LG's New BIC, and People on the Move

Here are some of the people moves and partnerships you may have missed.

Barchart

Compelling Fundamentals Drive Unusual Options for Iamgold (IAG)

With inflation remaining a constant struggle for the Fed, IAG stock should be a cynically intriguing idea for concerned investors.

The Guardian - AU

Business wants pay rises for Australia’s lowest paid workers limited to 2% – but what about executives?

Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now. What about those on minimum wage?

TechRadar

Air Europa customers warned their data may have been leaked

Further details about the incident, revealed by Air Europa parent IAG, are not available at this time

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