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British Airways owner IAG falls after MSCI exclusion from Spain index

British Airways owner IAG falls after MSCI exclusion from Spain index
FILE PHOTO: British Airways logos are seen on tail fins at Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay/File Photo Copyright Hannah Mckay(Reuters)
Copyright Hannah Mckay(Reuters)
By Reuters
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LONDON (Reuters) - Shares in IAG, the owner of British Airways and Iberia, fell on Tuesday after index provider MSCI said it plans to delete the stock from its Spanish index.

The Spanish listing was down 3.3 percent by 0821 GMT, at the bottom of the IBEX while the London-listed shares fell 3.8 percent.

Traders said the deletion was due to the cap on foreign ownership of the shares, which came in on Feb 11 ahead of Britain's exit from the European Union.

(Reporting by Helen Reid, Editing by Josephine Mason)

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