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The Latest Breaking News from IAG

Australia’s financial sector will pay customers $7.2bn for wrongdoing, regulator says

Australian Securities and Investments Commission issues guide for paying compensation and tells companies to pay up quickly

The Guardian - AU

IAG returns to profit despite perils blow

Insurance giant IAG made a $347 million full-year profit in the 12 months to June 30, beating expectations despite blowing out its natural perils allowance.

AAP

BA chief calls Heathrow chaos “acute” as airline cuts passenger capacity forecasts

Airline says bookings for the fourth quarter “seasonally low” for this time of year but returns to profit

Evening Standard

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British Airways’ parent company IAG returns to profit between April and June

CEO thanks customers hit by Heathrow cancellations ‘for their loyalty and patience’

The Independent UK

Heathrow faces summer of disruption as BA staff vote to strike

BA accused of using ‘fire and rehire’ tactics during lockdown to slash 10% off Unite and GMB workers’ pay

The Guardian - UK

Morning Brief: Top Financial Stories Dominating on Thursday, May 19

CNBC CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis

Benzinga

IAG Finalizes Agreement With Boeing For Up To 150 737 Jets

British Airways owner International Airlines Group (IAG) ordered a combined total of 50 737-8-200s and 737-1

Benzinga

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British Airways’ parent company orders dozens of planes originally designed for Ryanair

Boeing 737-8200 is a special high-capacity version of the Max with extra seats fitted

The Independent UK

RBC Capital Cuts iA Financial Price Target By ~10%

iA Financial Corporation Inc (TSX:IAG) (OTC:IAFNF) price target has been reduced to C$86 from C$96 by RBC Capital analyst Darko Mihelic to account for higher risk in the current environment. The analyst maintained the Outperform rating on the shares. Mihelic mentioned that analysts have significantly reduced the 2022 core EPS estimate following the quarter, but…

Benzinga

Recap: Iamgold Q1 Earnings

Iamgold (NYSE:IAG) reported its Q1 earnings results on Tuesday, May 3, 2022 at 05:00 PM. Here's what investors need to know about the announcement. Earnings Iamgold beat estimated earnings by 150.0%, reporting an EPS of $0.05 versus an estimate of $0.02.

Benzinga

British Airways, Iberia, Vueling and Aer Lingus axe flights as group tackles staff shortage

The airline needs to recruit 6,000 workers having made thousands redundant

Wales Online

Business class travel helps post-pandemic airline sales take off

The front of the cabin is looking more like 2019 as business travellers return and pandemic savers splash out

The Guardian - UK

British Airways parent IAG hit by huge losses but eyes return to post-Covid profit

First-quarter losses were much worse than predicted because of staffing and reliability problems

The Independent UK

OLD British Airways parent IAG hit by huge losses amid cancellations but eyes return to post-Covid profit

First-quarter losses were much worse than predicted because of staffing and reliability problems

The Independent UK

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Evening Standard

British Airways owner reports another heavy loss in first quarter

International Airlines Group takes £624 million drop as it flies through pandemic jetwash

The Guardian - UK

BA owner says recovery of business travel will drive return to profit

More trips by wealthy passengers as Covid controls eased also improved demand for IAG in first quarter

Evening Standard

FTSE 100 Live: Stagflation fears continue to hit pound, house prices up again

A volatile week for stock markets is ending with the pound at a two-year low and shares under more pressure as stagflation fears grow.

The Independent UK

British Airways’ parent company says profitability returning with ‘strong business travel recovery’

IAG says BA is ‘moderating planned capacity at Heathrow’

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 4, 2022

Upgrades

Benzinga

What 4 Analyst Ratings Have To Say About Iamgold

Analysts have provided the following ratings for Iamgold (NYSE:IAG) within the last quarter:

Benzinga

Earnings Preview: Iamgold

Iamgold (NYSE:IAG) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that Iamgold will report an earnings per share (EPS) of $0.02.

Benzinga

Iamgold Stock Slips After BMO Capital Downgrade, Price Target Reduction

Iamgold Corp (TSX:IMG) (NYSE:IAG) has been downgraded to Market Perform from Outperform, and the price target has been lowered to $2.75 (a downside of 19.5%) from $4 by BMO Capital Markets analyst Jackie Przybylowski. The downgrade is partly on valuation as the company's share prices have appreciated YTD, says the analyst. According to Przybylowski, a…

The Guardian - UK

An Easter sunshine rush won’t ensure a bright future for BA

Brits may be piling on to its planes again, but the flag carrier still has IT and ownership issues to tussle with

The Guardian - UK

BA investors as much as customers deserve explanation for IT woes

It’s hard to fathom why airline and IAG didn’t throw kitchen sink at deep-rooted problems years ago

ABC News

Insurers brace for rising flood damage amid climate change, and they warn you should too

Amid the clean-up after what are likely to be the costliest floods in Australian history, insurers warn things are set to get worse, especially along the east coast.

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