Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 163.85
Bid: 164.15
Ask: 164.25
Change: 0.00 (0.00%)
Spread: 0.10 (0.061%)
Open: 0.00
High: 0.00
Low: 0.00
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

WRAPUP 2-World closes borders to Britain as new coronavirus strain breeds panic

Mon, 21st Dec 2020 12:20

(Adds countries closing borders, New York's Cuomo, details on
strain and detection in other nations)

* India, Hong Kong join nations cutting travel UK

* Follows discovery of highly infectious virus strain

* Supermarket Sainsbury's warns of shortages of some foods

* Sterling, stocks and bond yields tumble

* Chaos comes as Britain due to exit EU's orbit on Dec. 31

By Gerhard Mey and Ben Makori

DOVER, England, Dec 21 (Reuters) - A slew of countries
closed their borders to Britain on Monday over fears of a highly
infectious new coronavirus strain, heightening global panic,
causing travel chaos and raising the prospect of UK food
shortages days before the Brexit cliff edge.

India, Poland, Spain, Switzerland, Russia, Jordan and Hong
Kong suspended travel for Britons after Prime Minister Boris
Johnson warned that a mutated variant of the virus, up to 70%
more transmissible, had been identified in the country. Saudi
Arabia, Kuwait and Oman closed their borders completely.

Several other nations have suspended travel from Britain
including France, Germany, Italy, the Netherlands, Austria,
Ireland, Belgium, Israel and Canada - although scientists said
the strain may already be circulating in countries with less
advanced detection methods than the United Kingdom.

The discovery of the new strain, just months before vaccines
are expected to be widely available, sowed fresh panic in a
pandemic that has killed about 1.7 million people worldwide and
more than 67,000 in Britain.

Australia said two people who travelled from the United
Kingdom to New South Wales state were found to be carrying the
mutated virus.

New York Governor Andrew Cuomo urged the U.S. government to
take steps to prevent the new strain entering the country, which
has been worst hit by COVID-19 with almost 318,000 deaths.

"It's high time the federal government takes swift action,
because today that variant is getting on a plane and landing in
JFK, and all it takes is one person," he said.

U.S. Assistant Health Secretary Brett Giroir said nothing
had yet been decided on any travel ban.

Johnson will chair an emergency response meeting on Monday
to discuss international travel, in particular the flow of
freight in and out of Britain. EU officials held a meeting on
coordinating their response.

France shut its border to arrivals of people and trucks from
Britain, closing off one of the most important trade arteries
with mainland Europe.

As families and truck drivers tried to navigate the travel
bans to get back home in time for Christmas, British supermarket
chain Sainsbury's said shortages would start to appear
within days if transport ties were not quickly restored.

"If nothing changes, we will start to see gaps over the
coming days on lettuce, some salad leaves, cauliflowers,
broccoli and citrus fruit – all of which are imported from the
continent at this time of year," Sainsbury's said.

France's FNTR national road haulage federation said: "No
driver wants to deliver to the UK now, so the UK is going to see
its freight supply dry up."

'SICK MAN OF EUROPE'

The global alarm was reflected in financial markets.

European shares slumped, with travel and leisure stocks
bearing the brunt of the pain; British Airways-owner IAG
and easyJet fell about 8%, while Air France KLM
lost about 7%.

U.S. carriers Delta Air Lines also suffered, with
American Airlines, United Airlines and Southwest
Airlines dropping 5% to 7% in premarket trading.

The British pound tumbled 2.5% against the dollar, and was
on course for its biggest one-day drop since March, while the
yield on two-year UK government bonds hit a record low.

Britain's tabloids bemoaned the crisis.

"Sick Man of Europe", the Daily Mirror newspaper said on its
front page beside a picture of Johnson while the Sun newspaper
said "French show no merci".

Johnson cancelled Christmas plans for millions of British
people on Saturday due to the more infectious strain of the
coronavirus, though he said there was no evidence that it was
either more lethal or caused a more severe illness.

The new variant and restrictions in Britain compound the
chaos as the country prepares to finally part ways with the
European Union, possibly without a trade deal, when the Brexit
transition period at 2300 GMT on Dec. 31.

Talks on a Brexit trade deal were due to continue on Monday.

The new variant, which scientists said was 40%-70% more
transmissible, is rapidly become the dominant strain in parts of
southern England, including London.

Experts stressed, though, that there was no evidence that
vaccines, including the one made by Pfizer and BioNtech
being deployed in Britain, would not protect against
this variant.

ASIAN INFECTIONS

Cases of the new strain have also been in detected in some
other countries, including Italy and the Netherlands. Some
scientists said the prevalence discovered in Britain might be
down to detection.

"Britain is simply the country which finds these mutations
the most because they are looking for them more. There are
countries that hardly search or do not search at all," Marc Van
Ranst, a virologist from the Rega Institute for Medical Research
in Belgium, told Belgian broadcaster VRT.

"I think we will find in the coming days that a lot of other
countries will find it."

The new strain has been identified at a time when COVID-19
cases have surged in several Asian countries that had previously
contained the pandemic, prompting localised lockdowns and more
aggressive testing.

South Korea said it was reviewing new measures for flights
from Britain, and would test twice those coming in from there
before they were released from quarantine.

New cases climbed to over 1,000 a day in South Korea several
times last week. It reported on Sunday an outbreak in a Seoul
prison where 188 inmates and staff were infected.

Thailand said it was testing tens of thousands of people,
and extended curbs on movement, following its worst outbreak yet
which began at a market in a province that is a seafood industry
hub and home to thousands of migrant workers.

Australia cancelled dozens of domestic flights on Monday,
while New South Wales ordered more than a 250,000 people into a
lockdown.

(Additional reporting by Toby Melville, James Davey and Kate
Kelland in London, Laurence Frost in Paris, Philip Blenkinsop in
Brussels, Sayantani Ghosh in Singapore, Frank McGurty in New
York, Josh Smith and Sangmi Cha in Seoul, Renju Jose in Sydney,
Shilpa Jamkhandikar in Mumbai and Farah Master in Hong Kong;
Writing by Guy Faulconbridge and Pravin Char; Editing by Alison
Williams)

More News
6 Jul 2023 12:05

European companies might turn to India more: GS

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

EUROPEAN COMPANIES MIGHT TURN TO INDIA MORE: GS (1105 GMT)

Read more
6 Jul 2023 11:39

UK bank provisions "likely contained" in face of mortgage delinquencies - JPM

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

UK BANK PROVISIONS "LIKELY CONTAINED" IN FACE OF MORTGAGE DELINQUENCIES - JPM (1009 GMT)

Read more
6 Jul 2023 09:28

Sectors flash red as STOXX stays risk-off

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

SECTORS FLASH RED AS STOXX STAYS RISK-OFF (0820 GMT)

Read more
28 Jun 2023 09:06

LONDON BROKER RATINGS: Admiral on JPMorgan 'negative catalyst watch'

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

Read more
28 Jun 2023 07:57

LONDON BRIEFING: Stocks called up; boohoo has concerns with Revolution

(Alliance News) - Stocks in London were called to open higher on Wednesday after surprisingly resilient economic data for the world's largest economy on Tuesday helped lift market mood.

Read more
26 Jun 2023 11:39

IAG's interest in Portugal's TAP depends on privatisation conditions -CEO

MADRID, June 26 (Reuters) - British Airways and Iberia owner IAG may be interested in acquiring Portugal's state-owned airline TAP if conditions are right, its Chief Executive Luis Gallego said on Monday.

Read more
26 Jun 2023 10:49

IAG says interest in Portugal's TAP depends on privatisation conditions

MADRID, June 26 (Reuters) - Portugal's state-owned airline TAP could be an acquisition opportunity for the Iberia and British Airways owner IAG, depending on conditions, IAG Chief Executive Officer Luis Gallego said on Monday.

Read more
19 Jun 2023 14:29

IN BRIEF: Britvic confirms September 4 start date for new CFO Napier

Britvic PLC - Hemel Hempstead, England-based drinks company - Confirms September 4 as start date for incoming chief financial officer Rebecca Napier. Since 2019, Napier is the CFO of International Consolidated Airlines Group SA's subsidiary British Airways.

Read more
12 Jun 2023 11:16

Ryanair eyes slots IAG may hand over as remedies in Air Europa purchase -report

MADRID, June 12 (Reuters) - Irish airline Ryanair is keen to buy the slots International Consolidated Airlines Group may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator, Cinco Dias newspaper reported on Monday.

Read more
12 Jun 2023 08:25

Heathrow airport expects no cancellations due to summer strikes

(Alliance News) - Strikes by security guards at Heathrow are unlikely to cause flight cancellations, the airport's boss said.

Read more
7 Jun 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
Monday 12 June 
Brighton Pier Group PLCAGM
Learning Technologies Group PLCAGM
Oxford Nanopore Technologies PLCAGM
Pembridge Resources PLCGM and Creditors' Meeting re future plans and objectives
Round Hill Music Royalty Fund LtdAGM
Staffline Group PLCAGM
VPC Specialty Lending Investments PLCGM re investment policy
Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Pod Point Group Holdings PLCAGM
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Petards Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Jun 2023 09:42

LONDON BROKER RATINGS: Goldman cuts Croda to neutral; Davy likes Wise

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

Read more
7 Jun 2023 07:52

LONDON BRIEFING: UK house prices fall; Diageo CEO Ivan Menezes dies

(Alliance News) - Stocks in London are called to open flat on Wednesday, as Chinese trade data raised concerns about a global economic slowdown.

Read more
7 Jun 2023 06:44

Cybercrime gang gives BBC, British Airways, Boots ultimatum after hack

(Alliance News) - A cybercrime gang that is thought to be based in Russia has warned more than 100,000 staff at major British companies to email them before June 14 or stolen data will be published.

Read more
6 Jun 2023 07:49

LONDON BRIEFING: BAT's 'glo' doesn't; ABF buys National Milk Records

(Alliance News) - Stocks in London are expected to drift lower at Tuesday's open, after a weak close on Wall Street.

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.