Carnival shares sink on results admission

There were few major moves among travel and tourism shares yesterday – with one major exception – as London’s main equity indices moved in opposite directions. The FTSE 100 managed to gain 10.2 points to end the day at 4933, while the FTSE 250 dropped 5.6 points to close at 7228.5. The big move of the day came at Carnival, which dropped 134p to 2921p after admitting that its full-year results are likely to be worse than expected. The shares, however, are still trading at a respectable premium compared to their 2323p low-point for the year. Alpha Airports 101p DOWN 0.5p Avis Europe 62p DOWN 1p BAA 598p DOWN 7.5p British Airways 264.25p DOWN 3.5p CNG Travel Group 76.5p NO CHANGE Carnival 2921p DOWN 134p CenterParcs 67p DOWN 2.5p De Vere 544p UP 4p EasyJet 198.25p DOWN 5p ebookers 319.5p NO CHANGE EuroDisney 9.5p NO CHANGE Eurotunnel 15.75p NO CHANGE First Choice 178.5p UP 3.5p Hilton Group 306.25p UP 1p Holidaybreak 650.5p DOWN 9.5p Intercontinental 635.5p DOWN 1.5p Lastminute.com 114.5p DOWN 0.5p MyTravel 5.75p DOWN 0.125p P&O 304.25p NO CHANGE Rank Group 278p UP 6p Ryanair 398.75p DOWN 7.625p Stagecoach 108.25p DOWN 0.5p Report by Tim Gillett, News From Abroad Ltd