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IAMGOLD Corp

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  • LONDON, Nov 7- British Airways owner IAG laid out plans to pay a maiden dividend, coming of age three years after it was created in a merger between BA and Spain's Iberia. International Airlines Group said it was confident of increasing profit by more than 10 percent a year between 2016 and 2020, on top of significant growth this year and next. BA and Iberia sealed an...

  • LONDON/ VANCOUVER Nov 6- Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. According to Citi analysts, about three quarters of gold mining companies burn cash at spot prices just below $1,200 on an all-in...

  • LONDON, Nov 3- Icelandic low-cost airline Wow Air is looking to fly daily from Europe to the United States, after cut price tickets were snapped up for the five times a week flights it will start from next year. The airline offered tickets at 99 pounds one way from London to Boston via Iceland starting from March. London to Boston flights on the Wow Air website...

  • *Ups 2014 forecast to 550 mln- 600 mln euros above 2013. LONDON, Oct 31- The owner of British Airways and Iberia raised its forecast for profits this year and said it was on course for another rise in 2015 despite an increasingly competitive backdrop that has hit rival European airlines. International Airlines Group's performance contrasts with Air France-KLM...

  • LONDON, Oct 31- International Airlines Group reported a 30 percent jump in third-quarter profit on Friday and raised its forecast for the year, in contrast to the British Airways- owner's strike-hit rivals. The company said it now expected to increase this year's operating profit by between 550 million euros and 600 million euros from the 770 million euros it...

  • LONDON, Oct 31- International Airlines Group reported a 30 percent jump in third-quarter profit and upgraded its forecast for the year, reassuring investors after the British Airways- owner's strike-hit rivals cut their guidance. IAG's operating profit before exceptional items for the three months ended Sept. 30 came in at 900 million euros, compared to the...

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • *Seven people hospitalised, monitored in Madrid hospital. MADRID, Oct 9- The health of a Spanish nurse with Ebola worsened on Thursday and four other people were put into isolation in Madrid, while the country's government rejected claims its methods for dealing with the disease weren't working and blamed human error. Teresa Romero, 44, is the first person to have...

  • LONDON, Oct 8- European equities fell on Wednesday, with a benchmark index slipping to its lowest in nearly two months, as investors moved out of shares around the world in the face of discouraging signals about the global economy. Growing concern over the spread of Ebola outside Africa also hurt sentiment. In the latest evidence of economic malaise, China's...

  • LONDON, Oct 6- Britain's Virgin Atlantic Airways is to close its Little Red domestic airline next year, it said on Monday, less than two years after it was launched. Reconfirming that the group as a whole was on track to make a profit by the end of this year after two years of losses, Virgin Atlantic said the decision on Little Red followed a review of its network which...

  • *75 percent chance virus will hit France by Oct 24. LONDON, Oct 5- Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that date. Nigeria, Senegal and now the United States- where the first case was diagnosed on...

  • TORONTO, Oct 3- Iamgold Corp said on Friday it will sell its niobium mine in Quebec to a group of companies led by private-equity investment firm Magris Resources for $500 million in cash so that it can focus on its core gold mining business. Toronto- based Magris Resources, led by former Barrick Gold Corp chief executive Aaron Regent, is one of a handful of...

  • European shares regain poise after sharp sell-off Friday, 3 Oct 2014 | 12:49 PM ET

    PARIS, Oct 3- European stocks regained some poise on Friday after the previous day's sell-off, led by airlines buoyed by a sharp drop in oil prices while exporters such as Airbus got a lift from the euro's renewed slide after strong U.S. jobs data. Shares in British Airways owner International Airlines Group rose 4.9 percent and Air France-KLM added 3.6 percent,...

  • Oct 3- Iamgold Corp said on Friday it has agreed to sell its niobium mine in Quebec to a group of companies led by investment firm Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Magris is acquiring the niobium asset in partnership with Singapore's Temasek Holdings and CEF Holdings Ltd, a Hong Kong- based investment company...

  • Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by investment company Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. Iamgold, which has assets in Canada, South America and Africa, will get an additional $30 million when commercial production begins at the adjacent...

  • Oct 3- Iamgold Corp said it would sell its Niobec rare earths mine in Quebec to a group of companies led by Magris Resources Inc for $500 million in cash, to focus on its core gold mining business. The sale of Niobec, located in the Saguenay-Lac-Saint-Jean region in Quebec, includes an adjacent rare earths deposit. Iamgold will get an additional $30 million when...

  • Air industry battles Ebola with heat scans and handwash Thursday, 2 Oct 2014 | 10:58 AM ET

    BERLIN, Oct 2- Airlines and airports handling travel to countries worst hit by the Ebola epidemic are trying to prove that flying to West Africa is safe, following concerns that the first case diagnosed in the United States could curtail worldwide services. Some airlines have already suspended or cut back flights since the summer, and only one European carrier...

  • Strike-scarred Air France-KLM may need strategy rethink Tuesday, 30 Sep 2014 | 11:59 AM ET

    PARIS, Sept 30- With no deal in sight over pilot pay and up to 300 million euros of strike costs to absorb, Air France-KLM may need to rethink its route to viability.

  • Low-cost? Low chance for Air France and Lufthansa Sunday, 28 Sep 2014 | 6:06 AM ET

    *Ryanair, easyJet challenged by Vueling, Norwegian. BERLIN, Sept 28- Venerable old airlines Lufthansa and Air France know the smart money is in the low-cost market- Ryanair raised its forecasts again on Thursday- but powerful labour unions are keeping them from the bounty.

  • VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.