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The Latest Breaking News from IAG

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

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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

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.

AAP

British Airways owner IAG shares soar despite market headwinds

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

Evening Standard

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

The Guardian - UK

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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".

International Business Times

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.

AAP

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

The Independent UK

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.

AAP

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.

AVNetwork

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.

Barchart

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?

The Guardian - AU

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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

The Guardian - UK

British Airways owner’s annual profits soar to £2.3bn on leisure boom

IAG says demand has remained robust despite UK recession, with capacity close to pre-Covid levels

Top News

IAG Proposes Remedies to EU for Air Europa Acquisition

IAG, the parent company of British Airways and Iberia, is set to offer remedies to the EU in order to gain approval for its acquisition of Air Europa.

What Hi-Fi?

Mission 778X

Great sounding and well-equipped, Mission’s new 778X amplifier is so good that it doesn’t need to rely on retro appeal

AAP

ASX skyrockets as economy shows sign of weakness

The ASX200 made its biggest daily gain in more than a year as lower-than-expected GDP growth signals the RBA's rate rises are having their intended effect.

The Guardian - UK

Strong demand drives profits record at British Airways owner IAG

Group says it will use third-quarter earnings of £1.52bn to invest in the business and reduce its debt

The Independent UK

British Airways made £50 per second profit during first nine months of 2023

BA parent company IAG warns of possible problems with air-traffic control and airports’ resilience, despite £1.15bn profit

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