IAG Orders, Campari Down, BP M&A Target
On this episode of Stock Movers:
- IAG announced a major order for widebody jets, doubling down on a long-haul business with a $10 billion fleet investment to help sustain its earnings momentum.
- Campari shares fall as much as 4.6% after the Italian spirits maker’s first-quarter results missed expectations, showing that the backdrop continues to be tough with analysts flagging an uncertain outlook due to trade tensions.
- Bloomberg reported that Shell has been studying the merits of acquiring BP — something both companies have so far declined to comment on — analysts have been gaming out both the upsides and downsides.
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