IAG price soars as share restrictions are removed

Shares in Aer Lingus owner IAG soared by well over 5% after the airline owner lifted a restriction on non-EU investors’ ability to buy its stock.

Last year, IAG - which also owns British Airways and Spanish carriers Iberia and Vueling - set the maximum level for ownership of its shares by non-Europeans at 47.5% in a bid to maintain its status as a European-owned airline.