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Three things you need to know in the financial markets this morning from investment writer, Tony Cross.


Half year results have been published by IAG  [LON:IAG] this morning, the owner of airlines including British Airways and Aer Lingus. Passenger revenues are off by 60%, leaving the company nursing a £4bn loss after accounting for exceptional items. One stand-out is the cargo revenue, which has risen by 10% and the company has also advised the market that it will be looking to raise up to EUR2.75bn in fresh capital. Expectations are that it will take until 2023 for passenger demand to return to what was seen last year and with uncertainty still looming, the company is not providing guidance for the full year.

London Stock Exchange Group

London Stock Exchange Group [LON:LSE] has also published interim results this morning, showing a resilient performance for the company. Revenues have risen 4% whilst lower costs of sales have helped drive profits some 7% higher. The company has adapted well to the unprecedented conditions seen in recent months, maintaining a business as usual stance. In line with the stated dividend policy, an interim dividend worth one third of last year’s payment has been declared.

Natwest Group

Royal Bank of Scotland [LON:NWG] – which rebranded as NatWest earlier this month – has published its half year numbers today, too. In line with other UK lenders, the bank has set aside a significant sum – some £2bn – to account for losses expected off the back of the COVID crisis. Income over the last three months was unchanged, although this was lower than consensus analyst forecasts.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Tony Cross

Tony Cross

Tony Cross is a market commentator with over 15 years of experience, producing compelling, insightful copy for journalists and investors alike. Focusing on macroeconomics, UK blue chip equities and inter market analysis, Cross's commentary is well regarded for its clarity and ability to cut through the waffle. He has been quoted in publications as diverse as The Financial Times, The Times, The Guardian and The Sun. He has also been a regular guest on both Share Radio and TipTV.

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