IAG profits take off; Rolls-Royce swings to a loss; Markets hit as Trump summit ends with no deal


FTSE LIVE: Markets a sea of red after Trump’s summit with Kim Jong-un ends with no deal; British Airways profits take off; Rolls-Royce swings to a loss

  • British Airways owner IAG said profits jumped 10 per cent last year 
  • Engine maker Rolls-Royce swung to a pre-tax loss amid business overhaul
  • Meeting with Kim Jong Un and Donald Trump ends without any agreement 

British Airways owner International Consolidated Airlines Group (IAG) has posted an uplift in full-year sales and profits, despite challenges in the airline sector. 

Engine maker Rolls-Royce swung to a pre-tax loss of £2.9billion last year due to a raft of one-off charges related to its radical restructuring plans. 

A two-day meeting between North Korea’s Kim Jong Un and US President Donald Trump has ended prematurely and without agreement. This triggered a 0.6 per cent drop in the FTSE 100 at the open to 7,069.44. 

 





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