Norwegian Air shares soar despite IAG denying bid

Shares in carrier Norwegian Air climbed after the Aer Lingus and British Airways owner IAG denied a Spanish media report it was preparing another offer for the airline.

The shares surged almost 6.5% in Oslo after rising as much as 12% at the opening of trading. “We have said that we are no longer interested in Norwegian several times in the last few months. Nothing has changed,” an IAG spokeswoman said.