Reply To: IAG a House of Cards?Back to Forum
The markets don’t like it, not just the fact it is another loss – which was expected, but more importantly the size of it €278m – which appears was not expected.
Analysts/fund managers like to be comfortable that companies whom they invest in, keep them well updated, this appears to be a surprise.
(A 3% overnight fall specific to IAG and not its industry sector)
If it is a surprise to fund managers that either IAG weren’t in full control or IAG had chosen not to keep the market updated, such behaviour will lose investors confidence.