|Bid||4.4500 x 34100|
|Ask||4.4600 x 45900|
|Day's range||4.4400 - 4.6650|
|52-week range||1.4400 - 4.6700|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||01 Jul 2013|
|1y target est||7.65|
The company said infected employees were quarantined and it was taking steps to disinfect the workers' living and work areas, but the union used one of its preventative measures as the basis to stop work. "Due to Union resistance to the implementation of COVID-19 control measures, we are suspending operations until the appropriate controls are in place to protect the safety of all employees," the company said in a statement. Iamgold said it had implemented social distancing rules, sanitary measures and reduced its on-site staff at the South American mine after the outbreak.
British Airways, easyJet and Ryanair have launched legal action against the government's controversial quarantine measures. A statement from BA's parent company, IAG, said the airlines would be asking for a judicial review to be heard as soon as possible. The companies had said earlier this week they would join together to try to end the 14-day quarantine rule for international arrivals, which they say will deter travel and threaten more jobs.
The chief executive of British Airways owner IAG says the company is considering legal action against the government's quarantine plans - and one of BA's biggest rivals says it would support him. Willie Walsh was speaking days after the government announced a 14-day quarantine for arriving air passengers starting later this month, another obstacle for an aviation sector battered by the effects of the coronavirus pandemic. The IAG chief executive told Sky's Ian King Live programme that he is considering a legal challenge against the quarantine and is reviewing the situation with lawyers.
At this time, I would like to turn the conference over to Indi Gopinathan, Vice President, Investor Relations and Corporate Communications for IAMGOLD. Thank you very much, Ariel, and welcome, everyone, to the IAMGOLD First Quarter 2020 Conference Call. Joining me today on the call are Gordon Stothart, President and Chief Executive Officer; Carol Banducci, Executive Vice President and Chief Financial Officer; Bruno Lemelin, Senior Vice President, Operations and Projects; Craig MacDougall, Senior Vice President, Exploration; and Jeff Snow, Senior Vice President, Business Development and General Counsel.
News that British Airways may make up to 12,000 of its employees redundant, out of a total workforce of 42,000, has understandably come as a shock to unions.
EasyJet and the owner of British Airways are scaling back services in Europe as coronavirus cases surge. International Airlines Group (IAG), which includes BA, Iberia and Aer Lingus in its stable of brands, told investors it had seen weaker demand across Asian and European routes. The company's chief executive, Willie Walsh, told Sky News it was taking capacity out of Italy - building on the suspension of flights to Shanghai and Beijing.
South African miner Gold Fields Ltd has hired investment bank RBC Capital Markets to explore the sale of a 30% stake in its gold project in northern Chile, two sources said. The gold sector has seen two multi-billion dollar takeovers over the last 18 months and bankers and investors say a buoyant gold market could drive further activity. Gold Fields received environmental approval for the construction of Salares Norte, a mine high in the Andes mountains, in December, and said it would decide whether to go ahead in the first half of 2020 as it needs $834 million in funds.
The parent firm of British Airways has lodged a complaint with the European Union over the UK government's support that is enabling Flybe to keep flying. International Airlines Group (IAG) confirmed the move just hours after an angry statement from its chief executive Willie Walsh declared the rescue a "blatant misuse of public cash". The deal was struck on Tuesday evening, 48 hours after Sky News revealed that Flybe was in frantic talks to avert collapse.
British Airways owner files complaint over Flybe bailout. IAG writes to competition directorate of EU saying rescue deal contravenes state aid rules
Suncorp and IAG temporarily stop selling insurance in fire-affected areas of Victoria and NSWOn Tuesday afternoon two of Australia’s biggest insurers had a combined figure of 67 areas under embargo across both states
Willie Walsh to stand down as boss of British Airways ownerInternational Airlines Group says CEO will be succeeded by Iberia chief Luis Gallego
The owner of British Airways has agreed a €1bn (£864m) takeover of Spain's third-largest airline, Air Europa. International Airlines Group (IAG) already owns Spanish carrier Iberia and low-cost airline Vueling. The Air Europa purchase marks the latest consolidation in an industry suffering the effects of intense fare competition and surging fuel bills.
Commercial Metals' (CMC) Q4 results likely to reflect benefits of improvement in key end markets amid higher manufacturing costs and interest expenses.
Lower copper prices owing to the U.S.-China trade war and slow global economic growth are likely to weigh on Freeport's (FCX) Q3 results.
Announcement comes as parent company commits to net-zero carbon flying by 2050. British Airways will offset all domestic flight emissions from next year, after its owner IAG became the first airline group to commit to net-zero carbon flying by 2050. IAG’s chief executive, Willie Walsh, said that the company would reach the net-zero target largely through offsetting but pledged its airlines, including Aer Lingus and Iberia, would also substantially reduce emissions through sustainable fuels and replacing older aircraft. Walsh said offsetting was the only way aviation could promise to carbon net zero and that electric or hydrogen planes would not be an option for most international flights. Offsetting allows companies to invest in environmental projects to balance out their own carbon footprints but it has been criticised as a get-out clause for highly polluting businesses. Walsh said: “We will continue to use a carbon-based fuel throughout. We don’t see a credible alternative. It’s going to be some time until we see an electric or hybrid-electric plane … you’re looking at smaller aircraft capable of flying up to 150 passengers up to 1,000km. The technology to cover the entire network is some time away.” However, he argued that aviation offsetting would invest in regulated, verified carbon-reduction schemes, whereas levies on flying would disappear into general taxation. He said: “In the past there have been concerns about the schemes. It’s very clear that any offsetting scheme has to be a permanent reduction in CO2, and verifiable.” The aviation industry has set a general target of a 50% cut in emissions from 2005 levels by 2050, largely through offsetting in the Corsia scheme set up by the UN aviation agency, ICAO. Aviation accounts for more than 2% of global emissions but its contribution to CO2 levels is forecast to grow rapidly, due to rising passenger numbers and the industry’s reliance on fossil fuel-burning planes. Walsh agreed flying could become “socially unacceptable” if it did not cut emissions. “For some people it will be, in the same way that a car is. But a lot of activity that is normal and socially acceptable today will not be in future.” But, he added: “When I took my first flight in 1979 it was a privilege. The idea that you go back to where only a privileged few can experience flying is, I think, socially unacceptable.” Walsh said BA was offsetting domestic flight emissions as people could choose to travel by train: “In the UK where there is an alternative, there is a greater focus on making sure aviation is paying its way to address the environmental impact.” IAG is responsible for about 3% of global aviation’s emissions, which equates to 29.9m tonnes of CO2 per annum out of the industry’s 915m tonnes. Walsh said BA would not fly its remaining 33 Boeing 747 jumbos, the heaviest consumers of fuel in the fleet, after 2024. Walsh said the new Airbus A350-1000, which has just entered service on the transatlantic route to Toronto, would typically use 43 instead of 70 tonnes of jet fuel to carry a similar number of passengers. Questioned if it should do more, he said: “We are the first to do it, so if it’s not enough, the world has to do more. We’re aligning ourselves with the government. It’s a huge change from what the industry committed to, so it’s a challenging target, a lot of work and a lot of money.” The cost of offsetting UK flights, which generate about 400,000 tonnes of CO2, is expected to be about €3.2m (£3bn) next year. BA has pledged to invest £327m in sustainable fuel over the next 20 years, including its recently approved joint venture to build a waste-to-jet fuel plant in the UK. Environmental groups, however, dismissed the IAG initiative. Greenpeace said BA wanted to “have their cake and eat it”. John Sauven, the executive director of Greenpeace UK, said: “Offsetting is no answer to the climate emergency that we face, where we have to stop business as usual. BA really need to think much more seriously than this. “What we need is a frequent flyer levy, which would be a better way to go in terms of reducing demand.”