Advertisement
UK markets open in 5 hours 44 minutes

  • NIKKEI 225

    37,782.74
    -179.06 (-0.47%)
     

  • HANG SENG

    16,251.84
    0.00 (0.00%)
     

  • CRUDE OIL

    82.60
    -0.09 (-0.11%)
     

  • GOLD FUTURES

    2,384.60
    -3.80 (-0.16%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • Bitcoin GBP

    49,431.33
    -1,769.27 (-3.46%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • NASDAQ Composite

    15,683.37
    -181.88 (-1.15%)
     

  • UK FTSE All Share

    4,273.02
    +12.61 (+0.30%)
     
Money:

5 ways to get help with childcare costs

Childcare is eye-wateringly expensive, here are some ways to save money

BA owner IAG warns on profit after Brexit vote

Reuters - UK Focus

LONDON, June 24 (Reuters) - British Airways owner International Consolidated Airlines Group warned on profit on Friday, blaming a weaker than expected trading environment in the run up to the referendum that saw Britain vote to leave the European Union.

"Following the outcome of the referendum, and given current market volatility, while IAG continues to expect a significant increase in operating profit this year, it no longer expects to generate an absolute operating profit increase similar to 2015," it said.

IAG said Britain's decision to leave the EU will not have a long-term material impact on its business.

The firm said it would update the market in due course.

Shares (Berlin: DI6.BE - news) in IAG were down 19.9 percent at 423 pence at 0920 GMT. (Reporting by James Davey, editing by Paul Sandle)