The FTSE 100 Index remained in a tight range in June as investors focused on the UK's political situation, Bank of England (BoE) action, and the US and Iran situation. It rose to 10,500 points, up by 3.70% from its lowest level in June.
International Consolidated Airlines Group (IAG) and Rolls-Royce (RR) shares have gone parabolic this month. IAG jumped to 488p, its highest point since 1997, bringing its year-to-date gains to 14.5%.
International Airlines Group (IAG) CEO Luis Gallego speaks at the International Air Transport Association (IATA) on growing demand in Asia, consolidation & increasing fuel prices. -------- More on Bloomberg Television and Markets Like this video?
Citi and Panmure Liberum have both flagged significant undervaluation in International Consolidated Airlines Group SA (LSE:IAG) following the carrier's Loyalty Day investor presentation, where management set a medium-term earnings target of €1 billion for its loyalty division. The loyalty business generated €593 million in earnings before interest and tax in 2025, implying near-doubling is required to hit the new target, though IAG set no specific timeframe for achieving it.
IAG's updated Cote Gold estimate lifts Measured and Indicated resources 12% to 20.3M ounces as it advances an expansion study due in 2026.
IAMGOLD Corp (TSX:IMG, NYSE:IAG) reported a consolidated measured and indicated mineral resource of 20.3 million ounces of gold for its Côté Gold mine in Ontario, an increase of approximately 2.2 million ounces, or 12%, from its December 31, 2025 statement. The updated estimate integrates the Côté and Gosselin zones into a single consolidated block model.
IAMGOLD Corporation remains a 'Buy' after a strong Q1, with shares up over 3x since January 2025. IAG posted Q1 EPS of $0.64 (vs. $0.55 consensus) and revenue up 116% to $1.03 billion, driven by high realized gold prices. Valuation is compelling: with $2.50 normalized EPS and an 8x multiple, IAG targets $20/share, while FCF yield exceeds 18%.
Legacy European airlines are trimming their summer schedules more aggressively as elevated fuel prices broaden the scope of network cuts, though Citi said the adjustments remain small enough to support near-term pricing power. The broker said early summer 2026 growth on legacy carrier networks remains minimal, ranging from a 0.1% decline to a 0.7% increase in the second quarter, accelerating to growth of between 1.6% and 4.7% in the third quarter.
Iamgold NYSE: IAG reported a strong start to 2026, with first-quarter gold production, cash flow and shareholder returns supported by high gold prices and improved performance at several operations.
Iamgold is expanding production at its major mining sites. The gold producer is positioned to profit handsomely from further price gains.
International Consolidated Airlines Group lowered its forecasts for 2026 despite a jump in profit, citing the impact of the Iran war and the increase in jet fuel prices.
The FTSE 100 Index remained in a narrow range last week as investors reacted to the Bank of England (BoE) interest rate decision and key earnings by companies like Lloyds, NatWest, and Rolls-Royce Holdings. This article explores some of the top FTSE 100 shares to watch this week.