Travel and tourism stocks saw mainly small, downward movements yesterday – while Easyjet’s shares fell to their lowest-ever price.
Shares in the no-frills carrier fell back 11p to 128p after the company predicted that fares would remain under pressure next year – even it is to increase the size of its fleet by 16 per cent.
Despite expected pre-tax profits of £60 million for the year to September 31, dealers are reportedly more concerned about the carrier’s future.
The Guardian quotes one as saying: “The earnings upgrade is much as expected and of little significance as investors are more concerned with the tough winter ahead rather than the year just gone.”
On a day that saw most sectors of the market drop back, the FTSE 100 index fell 24 points to close at 4568.3, while the FTSE 250 dropped 63.3 points to close at 6205.2.
Alpha Airports 86.5p UP 0.5p
BAA 560.5p UP 1.5p
British Airways 210.5p UP 0.5p
Carnival 2781p DOWN 17p
De Vere 430p UP 2p
EasyJet 128p DOWN 11p
ebookers 215p DOWN 1.5p
EuroDisney 18p NO CHANGE
Eurotunnel 19.25p DOWN 2p
First Choice 130p DOWN 2.25p
Hilton Group 277.25p DOWN 3.75p
Holidaybreak 523p NO CHANGE
Intercontinental 633p DOWN 2p
Lastminute.com 141.5p UP 4.5p
MyTravel 5.5p NO CHANGE
P&O 249p UP 0.25p
Rank Group 286p DOWN 0.25p
Ryanair 282.28p DOWN 4.66p
Stagecoach 87.75p DOWN 0.5p
TBI 67.25p DOWN 1p
Report by Tim Gillett, News From Abroad Ltd
