Shareholders didn't force China move

IAG'S shares surged when it announced it was shelving plans to expand in China, but its chairman says shareholder opinion was not the major factor.

IAG walked away from major investment in China because it was unhappy with the deal on offer rather than because of shareholder pressure.

THE insurance giant's shares surged last week when it announced it was shelving plans to expand in China, but chairman Brian Schwartz said shareholder opinion was not the major factor.