British Airways CEO Sells Over £2 Million of Parent IAG Shares
British Airways Chief Executive Officer Sean Doyle sold £2.1 million ($2.8 million) worth of shares in the airline's parent company IAG SA.
Doyle sold 650,000 shares at about £3.30 each on May 22, IAG said on Wednesday in a stock exchange filing. The move was part of the 2022 long-term incentive plan, mostly awarded in shares, that vests in 2025 and the transaction represented 'business as usual,' an IAG spokesman said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Tower Leasing surpasses £200m in gross receivables
Tower Leasing, a UK-based asset finance provider, has announced it has exceeded £200 million in gross receivables through its own book lending, a major milestone the company says reflects 'over a decade of strategic transformation and sustained growth.' According to a press release, the achievement marks a key moment in Tower Leasing's evolution from a traditional finance broker into a fully integrated hybrid funder. Since launching its direct funding capability in 2013, the company has steadily increased the share of agreements funded through its own book, now comprising the majority of its business. 'This number represents more than financial success, it's a testament to the resilience and dedication of our team over the past 30 years,' said Kerry Howells, CEO of Tower Leasing. She added that the 2013 launch of direct lending was a pivotal step in shaping the company's current model. Tower's growth strategy has included investments in technology and infrastructure, most notably the introduction of Tower Extra, a proprietary tool that allows real-time proposal tracking and credit automation, and has 'significantly improved the funding experience' for brokers, vendors, and end customers, according to the company. Institutional partnerships have also bolstered the firm's funding capabilities. Tower has secured a total of £121.75 million in capital facilities, including £46.75 million from the British Business Bank's ENABLE Funding programme, £25 million from British Business Investments, and a £50 million integrated wholesale funding agreement with Conister Bank. 'We've always remained focused on growing sustainably and building something that lasts,' Howells said, while also crediting longstanding vendor relationships for their role in the company's expansion. Founded in 1989 and headquartered in Bracknell, Berkshire, Tower Leasing specialises in vendor-led and direct-to-customer SME finance. "Tower Leasing surpasses £200m in gross receivables" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
39 minutes ago
- Yahoo
NATO leaders gather for historic summit with unity on the line
THE HAGUE, Netherlands (AP) — NATO leaders were gathering in the Netherlands on Tuesday for the start of a historic two-day summit that could unite the world's biggest security organization around a new defense spending pledge or widen divisions among the 32 allies. The allies are likely to endorse a goal of spending 5% of their gross domestic product on their security, to be able to fulfil the alliance's plans for defending against outside attack. Still, Spain has said it cannot, and that the target is "unreasonable." President Donald Trump has said the U.S. should not have to. Slovakia said that it reserves the right to decide how to reach the target by NATO's new 2035 deadline. 'We are not living in happy land after the Berlin Wall came down. We are living in much more dangerous times and there are enemies, adversaries who might want to attack us,' NATO Secretary-General Mark Rutte said ahead of the summit in The Hague. 'We have to make sure that we defend our beautiful way of life and systems and our values,' he said. Ahead of the two-day meeting, Britain, France and Germany committed to the 5% goal. Host country the Netherlands is also onboard. Nations closer to the borders of Ukraine, Russia and its ally Belarus had previously pledged to do so. 'It's a historic moment. It's probably one of the most consequential moments in this alliance's history," U.S. Ambassador to NATO Matthew Whitaker said. "We're going to see a renaissance of our defense industries.' Trump's first appearance at NATO since returning to the White House was supposed to center on how the U.S. secured the historic military spending pledge from others in the security alliance — effectively bending it to its will. But in the spotlight instead now is Trump's decision to strike three nuclear enrichment facilities in Iran that the administration says eroded Tehran's nuclear ambitions, as well as the president's sudden announcement that Israel and Iran had reached a 'complete and total ceasefire.' Ukraine has also suffered as a result of that conflict. It has created a need for weapons and ammunition that Kyiv desperately wants, and shifted the world's attention away. Past NATO summits have focused almost entirely on the war in Ukraine, now in its fourth year. Still, Rutte insists it remains a vital issue for NATO, and that the allies can manage more than one conflict. 'If we would not be able to deal with ... the Middle East, which is very big and commanding all the headlines, and Ukraine at the same time, we should not be in the business of politics and military at all," he said. "If you can only deal with one issue at a time, that will be that. Then let other people take over.' Ukrainian President Volodymyr Zelenskyy arrived in The Hague for a series of meetings, despite his absence from a leaders' meeting aiming to seal the agreement to boost military spending. It's a big change since the summit in Washington last year, when the military alliance's weighty communique included a vow to supply long-term security assistance to Ukraine, and a commitment to back the country 'on its irreversible path' to NATO membership. Zelenskyy's first official engagement was with Dutch caretaker Prime Minister Dick Schoof at his official residence just across the road from the summit venue. But in a telling sign of Ukraine's status at the summit, neither leader mentioned NATO. Ukraine's bid to join the alliance has been put in deep freeze by Trump. 'Let me be very clear, Ukraine is part of the family that we call the Euro-Atlantic family,' Schoof told Zelenskyy, who in turn said he sees his country's future in peace 'and of course, a part of a big family of EU family.' Schoof used the meeting to announce a new package of Dutch support to Kyiv including 100 radar systems to detect drones and a move to produce drones for Ukraine in the Netherlands, using Kyiv's specifications. In a joint opinion piece on the eve of this year's summit, French President Emmanuel Macron and German Chancellor Friedrich Merz said they backed U.S. peace efforts that should preserve Ukraine's sovereignty and European security. 'For as long as the current trajectory lasts, Russia will find in France and Germany an unshakeable determination. What is at stake will determine European stability for the decades to come,' they wrote in the Financial Times newspaper. 'We will ensure that Ukraine emerges from this war prosperous, robust and secure, and will never live again under the fear of Russian aggression,' the two leaders wrote.
Yahoo
39 minutes ago
- Yahoo
Standard Chartered CEO Bill Winters on Confronting Imposter Syndrome
Standard Chartered CEO Bill Winters opens up about his biggest challenges and fears as a leader, as he reflects on a decade at the helm of the UK bank. In an interview with Bloomberg's Francine Lacqua, Winters recounts how he experienced imposter syndrome, and how he overcame a fear of public speaking. Sign in to access your portfolio
