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Amadeus Jumps, IAG Falls, Rheinmetall Slips
Description
On this episode of Stock Movers:
- Amadeus IT Group climbs as much as 5.7% after the company, which processes transactions for the travel and tourism industry, topped expectations in the first quarter and reiterated its guidance despite the disruption being caused by the Middle East conflict.
- IAG shares fall as much as 5.9%, the most in two months, after the airline group warned profit will be lower than previously anticipated this year. Analysts point to higher fuel costs due to the Middle East conflict and cuts to capacity growth, free cashflow and capital expenditure outlooks.
- Rheinmetall shares fall 2.7% on Tradegate versus Germany’s Thursday close after JPMorgan cut its rating to neutral from overweight and slashed its price target by almost 30%.
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