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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  International Consolidated Airlines Group, SA    IAG   ES0177542018

INTERNATIONAL CONSOLIDATED AIRLINES GROU

(IAG)
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International Consolidated Airlines : UK watchdog proposes to fine Marriott $124 million for data breach

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07/09/2019 | 09:33am EDT
FILE PHOTO: A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York

(Reuters) - Marriott International Inc said on Tuesday the UK Information Commissioner's Office (ICO) had proposed to fine the hotel chain 99.2 million pounds due to a massive data breach in its Starwood hotels reservation system.

In November, Marriott disclosed it had discovered the Starwood reservation database had been hacked over a four-year period in one of the largest breaches in history, involving up to 383 million guests.

"We are disappointed with this notice of intent from the ICO, which we will contest," Marriott Chief Executive Officer Arne Sorenson said in a statement.

Marriott's fine is one of the largest from the British data protection watchdog, which on Monday proposed a record 183.4 million pound ($230 million) penalty for British Airways-owner IAG for the theft of data from 500,000 customers from its website last year.

As of March, at least five U.S. states were also investigating the Marriott breach, making it potentially even more expensive for the hotel group.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)

Stocks mentioned in the article
ChangeLast1st jan.
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA 1.32% 421.8 Delayed Quote.-31.75%
MARRIOTT INTERNATIONAL 1.67% 128.82 Delayed Quote.18.66%
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Financials (EUR)
Sales 2019 25 796 M
EBIT 2019 3 321 M
Net income 2019 2 319 M
Debt 2019 6 588 M
Yield 2019 6,83%
P/E ratio 2019 4,17x
P/E ratio 2020 3,94x
EV / Sales2019 0,61x
EV / Sales2020 0,57x
Capitalization 9 165 M
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Technical analysis trends INTERNATIONAL CONSOLIDATED
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Mean consensus BUY
Number of Analysts 17
Average target price 7,71  €
Last Close Price 4,62  €
Spread / Highest target 151%
Spread / Average Target 66,8%
Spread / Lowest Target 8,10%
EPS Revisions
Managers
NameTitle
William Matthew Walsh Chief Executive Officer & Director
Antonio Vázquez Romero Chairman
Enrique Dupuy de Lôme Chávarri Group Chief Financial Officer & Executive Director
Patrick Jean-Pierre Cescau Senior Independent Director
Kieran C. Poynter Independent Non-Executive Director
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