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BA shares soar on “more confidence”

Wednesday, 16 June 20043 min read

Many travel and tourism shares edged upwards yesterday as London’s equity markets made small gains.

The FTSE 100 index added 25.4 points to close at 4458, while the FTSE 250 gained just 1.4 points to end the day at 6101.

British Airways managed to add 7.25p to close at 258.75p; The Times says analysts attribute the rise to a rights issue at Lufthansa creating more confidence in the airline industry; the newspaper states that BA was the third-best performer on the FTSE 100 yesterday.

Alpha Airports 83.5p UP 1p

BAA 544p UP 1.5p
British Airways 258.75p UP 7.25p
Carnival 2513p UP 7p

De Vere 435.25p UP 0.25p
EasyJet 161.5p NO CHANGE

ebookers 287p UP 6.25p

EuroDisney 20.5p NO CHANGE
Eurotunnel 24.75p NO CHANGE

First Choice 119.25p UP 1.25p
Hilton Group 261.75p UP 0.75p
Holidaybreak 500p DOWN 10p

Intercontinental 539p UP 5p

Lastminute.com 177.25p DOWN 3.25p
MyTravel 9p UP 0.5p
P&O 219.25p UP 1.25p
Rank Group 291.5p UP 6p

Ryanair 303.75p UP 2p

Stagecoach 84.25p UP 0.5p

TBI 62p NO CHANGE

Report by Tim Gillett, News From Abroad