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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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