International Consolidated Airlines Group
It has been a turbulent few weeks for European airlines in terms of corporate updates, but IAG – the owners of Iberia, British Airways and a number of other airlines – published interim earnings news after the closing bell last night. Profits and passenger numbers were up, but arguably the most significant news was the reinstatement of the dividend for the first time since the pandemic. Management added that they were committed to maintaining sustainable shareholder returns, resulting in the IAG share price rising 5% in early trade and comprehensive outperforming the broader market.
The AIM-listed energy and exploration company has seen its share price power higher in recent days, with news of stake building lending support. This morning news was released noting that global energy company RWE has sent a further letter of support to the business in relation to its underground hydrogen storage sites. These are within pipeline distance of RWE’s planned green hydrogen plants so would offer a valuable reserve of clean energy when other renewable options can’t meet demand. RWE is the third hydrogen producer to offer its support and the UK Oil & Gas share price is around 30% higher an hour into the day.
The e-sports company co-owned by David Beckham has had another difficult start to the day with shares extending yesterday’s losses. This was triggered by management announcing a strategic review amidst a difficult cashflow position and noting that all options were being considered, including a realisation of assets to generate funds. The Guild Esports share price is currently down 20% on the day, but 70% lower since the news was released yesterday morning.
Yesterday’s most read news
