Jet “timeshare" business takes off

There was a marked downward trend for travel and tourism shares yesterday as London’s equity markets fell back. The FTSE 100 index dropped 17.3 points to end the day at 486.7, while the broader-based FTSE 250 fell 44.6 points to end the day at 7136. The Guardian reports that European Business Jets, which offers aircraft to businesses on a timeshare basis, made its debut on the Alternative Investment Market (AIM) yesterday. The shares closed at 3p – double their starting price of 1.5p – but at one point they were trading at 6.5p. British Airways and Ryanair suffered as the price of oil rose once more. Alpha Airports 95p NO CHANGE Avis Europe 66p UP 2.75p BAA 581.5p DOWN 4.5p British Airways 261p DOWN 4p CNG Travel Group 60.5p DOWN 5p Carnival 2833p DOWN 48p CenterParcs 63p NO CHANGE De Vere 541p UP 8p EasyJet 209.75p DOWN 4p ebookers 319.5p NO CHANGE EuroDisney 9.5p NO CHANGE Eurotunnel 15.25p DOWN 0.5p First Choice 174p NO CHANGE Hilton Group 295.75p DOWN 2.75p Holidaybreak 644p UP 2.5p Intercontinental 627.5p UP 2.5p Lastminute.com 116.5p DOWN 1p MyTravel 5.5p DOWN 0.25p P&O 289.5p UP 0.75p Rank Group 276p DOWN 2.5p Ryanair 410.5p DOWN 9p Stagecoach 107.5p DOWN 2.25p Report by Tim Gillett, News From Abroad Ltd