Trends - IAG - Business Recorder

IAG

IAG may get EU warning on Air Europa deal if no remedies in coming weeks

BRUSSELS: British Airways owner IAG may get a warning from EU antitrust regulators on its 400-million-euro ($432.4...

Published 23 Feb, 2024 06:36am

Pakistan

FM, Thomas West discuss peace in Afghanistan

ISLAMABAD: The US Special Representative for Afghanistan Thomas West called on Foreign Minister Jalil Abbas Jilani ...

Published 21 Sep, 2023 06:08am

Business & Finance

British Airways-owner IAG says business travel recovering

LONDON: British Airways-owner IAG said on Friday it had seen a strong recovery in business travel in the first...

Published 06 May, 2022 12:02pm

Business & Finance

British Airways owner IAG expects return to profit in 2022

LONDON: British Airways owner IAG said it expected passenger capacity to grow to 85% of pre-pandemic levels and a...

Published 25 Feb, 2022 12:39pm

Business & Finance

BA-owner IAG not planning to tap investors for funds

LONDON: British Airways owner IAG is not planning to raise billions of euros from shareholders to get the company...

Published 20 Sep, 2021 05:23am

Business & Finance

UK launches action against Ryanair and BA over refunds

During periods of lockdown across Britain, the airlines refused to give refunds to people that were lawfully unable to fly.

Published 09 Jun, 2021 12:53pm

Markets

European stocks mark worst sell-off this year

AMSTERDAM/LONDON: European stocks tumbled from all-time highs on Tuesday, with the travel, retail and technology...

Published 12 May, 2021 04:23am

Markets

British Airways-owner IAG launches 800mn euro convertible bond

IAG said that given the continuing uncertainty around air travel the new funds would help the group's overall liquidity position.

Published 11 May, 2021 12:30pm

Markets

FTSE 100 edges lower

LONDON: London’s FTSE 100 dipped on Monday as weakness in industrial stocks and a stronger pound following the...

Published 11 May, 2021 04:39am

Business & Finance

British Airways-owner IAG posts 1.14bn euro Q1 loss

Flying just 20% capacity in the three months to the end of March resulted in the group posting the operating loss before exceptional items of 1.14 billion euros.

Published 07 May, 2021 11:42am

World

International passenger traffic down 89% in February, no sign of recovery: IATA

“International passenger traffic was down almost 89% and is showing no signs of recovery in the current environment,” IATA’s new director general Willie Walsh said at a presentation on Wednesday.

Published 08 Apr, 2021 10:01am

Markets

Australia shares slip as Sydney faces worst floods in 60 years; insurers slump

Energy stocks also helped limit losses in the index, gaining 1.7% to be on track for their best session since March 12 on firmer oil prices.

Published 22 Mar, 2021 11:44am

Business & Finance

Virus-hit airline giant IAG dives to 6.9bn euro loss

LONDON: British Airways owner IAG said Friday it suffered a 2020 net loss of 6.9 billion euros ($8.4 billion) as the...

Updated 01 Mar, 2021 09:41am

Business & Finance

Virus-hit airline giant IAG dives to 6.9-bn-euro loss

"The group continues to reduce its cost base and increase the proportion of variable costs to better match market demand," said Gallego.

Published 26 Feb, 2021 02:36pm

Business & Finance

Ireland in talks with Aer Lingus on further financial support

Ireland's sovereign wealth fund said earlier this month that it had provided a 150 million euro ($181.2 million) three-year loan to the airline that is also a recipient of the state's wage subsidy scheme for firms hit by the COVID-19 pandemic.
To say very clearly, Aer Lingus will not be allowed to fail. It is already receiving substantial financial support from government.

Published 18 Feb, 2021 07:47pm

Business & Finance

British Airways to trial mobile health passport on some flights

BA, owned by IAG, said on Friday it would trial the use of a mobile travel health passport, VeriFLY, following American Airlines, which is already using it.
Flying is currently at minimal levels, with flight volumes in Britain down more than 80% due to lockdowns and restrictions which ban most people from travelling.

Published 29 Jan, 2021 08:11pm

Business & Finance

British Airways-owner IAG buys Air Europa in cut-price 500mn euro deal

Given current cash pressures due to a lack of travel, IAG said that net cash outflow from the deal would be minimal in 2021.

Published 20 Jan, 2021 02:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.61 ▲ 0.91 (15.96%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8.08 ▲ 0.97 (13.64%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.61 (10.02%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Shadman Cotton / Dec 18 Shadman Cotton Mills Limited(SHCM)	26.80 ▼ -2.98 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Hussain Industries / Dec 18 Husein Industries Limited(HUSI)	20.26 ▼ -2.25 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.09
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.29
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.23
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.20
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.02
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.17
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.26
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -1.33
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.09

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