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Three Quick Facts: IAG, Safestyle UK, NatWest


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

#1. IAG airline group gains altitude

IAG [LON:IAG] the owners of airlines including British Airways, have this morning published Q3 results. It made for a record performance for the period, with total revenues up 18%, operating profits up by more than 40% and capacity at 95.6% of pre-pandemic levels. This momentum is expected to continue through to the year end and booking numbers for Q4 remain as forecast, with around 75% of revenue for the period already booked.

#2. Safestyle UK shareholders defenestrated

Safestyle UK [LON:SFE] the AIM listed double glazing play, has this morning issued a further update following on from yesterday’s news which left shares down around 80% on the day. Management are now stating that any rescue of the business via a trade sale is unlikely to result in any return to shareholders, so given the uncertainty, the stock will be suspended from 7.30am today.

#3. NatWest impairments remain low despite economic headwinds

NatWest Group [LON:NWG] reported its Q3 earnings today, slightly below analyst forecasts but around 20% higher than the number printed a year ago. Return on Tangible Equity came in at 14.7% – a level which is expected to be reflected both for the full year and into the medium term – and impairment charges are also noted as being low at just 24 bps of gross customer loans, slightly down on the comparative print.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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