IAG's cautious outlook

IAG has delivered a bumper profit after years of natural disasters and massive payouts. But the company's outlook is muted.

It is a brave chief executive who is prepared to wear the wrath of yield hunters in this kind of environment.

But just as QBE did earlier this week, IAG’s chief Mike Wilkins played a conservative bat on the payout stakes this morning, defiantly resisting the Oliver Twist urgings of domestic investors.


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