Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 160.90
Bid: 161.20
Ask: 161.35
Change: -2.95 (-1.80%)
Spread: 0.15 (0.093%)
Open: 165.55
High: 165.55
Low: 160.90
Prev. Close: 163.85
IAG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Likely Irish kingmaker Green Party eyes aviation tax, megaprojects

Thu, 06th Feb 2020 16:46

* Green Party leader eyes 10-euro flight tax

* Party plans huge boom in offshore wind

* Bogs could absorb 15% of carbon

By Conor Humphries

DUBLIN, Feb 6 (Reuters) - Ireland's Green Party, likely to
be a kingmaker after Saturday's election, would re-introduce an
aviation tax opposed by Ryanair and push two
megaprojects to cut carbon emissions if it enters government,
leader Eamon Ryan said in an interview this week.

While recent opinion polls show the Green Party in fourth
place with around 8% support, the country's two dominant
parties, Fine Gael and Fianna Fail, have consistently named the
Greens as a preferred partner. Analysts say most possible
governments would seek the Greens' support.

Support for the party collapsed in 2011 after a disastrous
four-year stint in coalition with centre-right Fianna Fail,
which saw the Irish economy collapse after a property bubble
burst. But support has bounced back amid a political "green
wave" across Europe.

"We have four other green parties in government across
Europe, I am hoping we can make it a fifth," Ryan told Reuters
in the interview on Wednesday, adding he was targeting around
10% of the 160 seats in parliament.

Ryan said he was open to being in a coalition with any party
and said the key aim would be to increase planned cuts to carbon
dioxide emissions to 7% per year from 2% per year. Anything less
"won't work," he added.

One of the most achievable goals would be the
re-introduction of an air passenger travel tax, scrapped in
2011, that charged 10 euros for each passenger flying to an
airport more than 300 kilometres (185 miles) from Dublin, he
said.

"I don't see that as a particularly difficult negotiation,"
he said, adding he was confident it would be secured in any
coalition talks. "It's not a huge (thing), it's a 10 euro a
ticket tax. ... It signals intent."

Persuading partners to end the construction of major new
motorways on the island, on the other hand, would be a "real
challenge".

The greens would pursue two megaprojects, he said: huge
floating wind farms off the Irish coast and the "re-wetting" of
the country's bogs, which cover 16% of its land.

The latter involves blocking drains of dried-out bog land to
restore the water level up to the vegetation level, creating a
huge carbon sink.

"We think could save something like 10 million tonnes of
carbon a year. So that is big," he said of the bog project.
Current emissions are around 60 million tonnes.

The offshore boom would have two phases - first 5 gigawatts
of wind capacity added in the Irish Sea in the 2020s followed by
30 gigawatts in the Atlantic to the west and northwest of
Ireland in the 2030s.

That, he said, would help ease concerns about a boom in data
centres, many built by large employers in Ireland like Google
and Amazon. Such centres could be consuming
30% of Ireland's electricity use in 10 years time, he said.

"This is complex ... we have 60,000 people working in this
city (Dublin) in the tech sector," he said. "We have to make
sure that their use is compatible with our climate targets."
(Reporting by Conor Humphries
Editing by Frances Kerry)

More News
27 Jun 2024 09:49

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Rio Tinto

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
25 Jun 2024 16:36

Lufthansa to raise fares by up to 72 euros as environmental costs increase

Airline to introduce 'Environmental Cost Surcharge'

*

Read more
25 Jun 2024 11:35

Volotea teams up with Abra for slots from combined IAG-Air Europa

MADRID, June 25 (Reuters) - Spain's Volotea said on Tuesday it was teaming up with Abra, which owns Colombian airline Avianca and Brazil's GOL, to take over slots that IAG pledged to hand over in order to get approval for its merger with Air Europa.

Read more
25 Jun 2024 10:42

Volotea, Abra team up to take over slots from potential IAG-Air Europa merger remedies

MADRID, June 25 (Reuters) - Spanish carrier Volotea said on Tuesday it was teaming up with Latin American airline holding group Abra - which owns Colombian airline Avianca and Brazil's GOL - to take over slots that IAG may have to sell if remedies are imposed to approve its merger with Air Europa.

Read more
19 Jun 2024 12:56

UK shareholder meetings calendar - next 7 days

Thursday 20 June 
Angling Direct PLCAGM
Anglo Asian Mining PLCAGM
Animalcare Group PLCAGM
ASA International Group PLCAGM
Balanced Commercial Property Trust LtdAGM including re views on strategic review
Block Energy PLCAGM
boohoo Group PLCAGM
Card Factory PLCAGM
Concurrent Technologies PLCAGM
Cordiant Digital Infrastructure LtdAGM
Corero Network Security PLCAGM
Cykel AI PLCGM re acquisition by Mustang Energy PLC
Futura Medical PLCAGM
Good Energy Group PLCAGM
Gresham House Energy Storage Fund PLCAGM
Henderson Eurotrust PLCGM re merger with Henderson European Focus Trust PLC
Kingfisher PLCAGM
Likewise Group PLCAGM
LSL Property Services PLCAGM
Marble Point Loan Financing LtdEGM requisitioned by Freestone
Mustang Energy PLCGM re acquisition of Cykel AI PLC
Northcoders Group PLCAGM
Strix Group PLCAGM
Thor Energy PLCGM re equity raise
Friday 21 June 
All Things Considered Group PLCAGM
Monday 24 June 
Anglo-Eastern Plantations PLCAGM
Cizzle Biotechnology Holdngs PLCAGM
Cobra Resources PLCAGM
Diaceutics PLCAGM
Ithaca Energy PLCAGM
Network International Holdings PLCAGM
Oriole Resources PLCAGM
Oxford Biomedica PLCAGM
Savannah Resources PLCAGM
THG PLCAGM
Trinity Exploration & Production PLCAGM
World Chess PLCAGM
Tuesday 25 June 
Alphawave IP Group PLCAGM
Anpario PLCAGM
Aurrigo International PLCAGM
Elixirr International PLCAGM
Future Metals NLGM
Gemfields Group LtdAGM
Huddled Group PLCAGM
ICG Enterprise Trust PLCAGM
IQE PLCAGM
Roadside Real Estate PLCAGM
Rockhopper Exploration PLCAGM
Saga PLCAGM
Skillcast Group PLCAGM
Verici Dx PLCAGM
Vertu Motors PLCAGM
Vietnam Enterprise Investments LtdAGM
Xeros Technology Group PLCAGM
Wednesday 26 June 
Amicorp FS UK PLCAGM
Ariana Resources PLCGM re merger with Rockover Holdings
Asiamet Resources LtdAGM
Avacta Group PLCAGM
Bluejay Mining PLCAGM
Cora Gold LtdAGM
Corre Energy BVAGM
Creo Medical Group PLCAGM
East Star Resources PLCAGM
Echo Energy PLCAGM
Emmerson PLCAGM
HSS Hire Group PLCAGM
India Capital Growth Fund LtdAGM
Infrastructure India PLCGM re delisting from AIM
International Consolidated Airlines Group SAAGM
Novacyt SAAGM
Pinewood Technologies Group PLCAGM
RA International Group PLCAGM
SpaceandPeople PLCAGM
Warpaint London PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
18 Jun 2024 12:00

Irish government urges union and IAG's Aer Lingus to avoid strike

(Alliance News) - Irish Finance Minister Michael McGrath has urged Aer Lingus management and unions to "get down around the table" for talks to avoid strikes.

Read more
17 Jun 2024 19:23

EU vets IAG rivals' ability to take over Air Europa routes, sources say

BRUSSELS, June 17 (Reuters) - EU antitrust regulators are asking whether rivals proposed by British Airways owner IAG to take over some of Spanish airline Air Europa's routes are capable of operating them and competing with IAG, people familiar with the matter said on Monday.

Read more
31 May 2024 11:46

Ryanair, Easyjet and others fined for cabin luggage fees

MADRID, May 31 (Reuters) - Spanish authorities have slapped fines on budget airlines Ryanair, easyJet , Vueling and Volotea totalling 150 million euros ($163 million), consumer groups who lead a six-year campaign against the charges said on Friday.

Read more
31 May 2024 08:55

Ryanair, others fined 150 mln euros in Spain for cabin luggage fees, SER radio reports

MADRID, May 31 (Reuters) - Budget airlines Ryanair , easyJet, Vueling and privately owned Volotea have been fined 150 million euros ($162.30 million) in Spain, local radio SER reported on Friday.

Read more
16 May 2024 06:00

How easyJet's bet on holidays paid off

LONDON, May 16 (Reuters) - EasyJet's big bets on package holidays and better-located airports are helping it win customers, its CEO and investors say, even as concerns linger about the high cost of the strategy for an airline known for its no-frills service.

Read more
14 May 2024 06:27

UK ministers, companies visit Saudi Arabia to boost trade ties

(Alliance News) - UK Cabinet ministers are visiting Saudi Arabia in a bid to bolster trade links with the kingdom amid reports that Riyadh authorised the use of lethal force to clear land for a new desert city.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

Read more
13 May 2024 12:01

LONDON MARKET MIDDAY: Stocks flat as IPO chat brightens up subdued day

(Alliance News) - Stocks in London marked time on Monday, consolidating recent gains, ahead of a key week of US economic data.

Read more
13 May 2024 09:03

JPMorgan sees further upside at IAG despite recent rally

(Sharecast News) - British Airways owner IAG's stock was making gains on Monday following positive comments from JPMorgan, which said that earnings momentum should continue to take the shares higher.

Read more
10 May 2024 16:02

London close: Stocks rise further as UK exits recession

(Sharecast News) - London stocks finished the trading week on a positive note on Friday, driven by gains in the mining sector, following the release of data indicating the UK's exit from recession.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.