British Airways-owner IAG forecasts double-digit rise in full-year operating profit

British Airways owner IAG said on Friday that it expects operating profit for 2017 to show a double-digit percentage improvement following a strong second quarter, despite a massive power outage which grounded some flights. IAG said that operating profit for the six...

Barclays suffers loss of $1.6 billion on Africa sale, CEO Staley says feels ‘good about next chapter’

U.K. lender Barclays reported a net loss of £1.21 billion ($1.58 billion) loss for the first half of 2017, hit by the fall in sterling, a charge from the mis-selling of payment protection insurance and a loss from the sale of its Africa unit. This is a breaking...