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Lastminute.com shares gain on results

Friday, 11 February 20053 min read

There were several significant moves among travel and tourism shares yesterday as London’s main equity indices stagnated somewhat.

The FTSE 100 index added 9.6 points to end the day at exactly 5,000 points, while the FTSE 250 dropped just 2.3 points to close at 7345.2.

Lastminute.com put on 6.25p after releasing results that placated the City, but The Independent points out that “one decent quarter proves nothing” and that the prospect of a potential bid seems the only reason to buy the shares at the moment: “Otherwise avoid,” the newspaper states.

De Vere had a great day, adding 62.5p on news that it has sold the Belfry, while Holidaybreak dropped 17p to 662p after admitting its camping division has been performing poorly.

Alpha Airports 99p DOWN 0.5p

BAA 633.5p UP 7p

British Airways 274p DOWN 1p

CNG 98p NO CHANGE

Carnival 3119p DOWN 53p

De Vere 563.25p UP 62.5p

EasyJet 239.75p UP 7.75p

ebookers 318.25p DOWN 0.25p

EuroDisney 9.5p UP 0.5p

Eurotunnel 17.75p UP 0.25p

First Choice 174.5p DOWN 0.5p

Hilton Group 318.25p UP 10.25p

Holidaybreak 662p DOWN 17p

Intercontinental 686p UP 4p

Lastminute.com 113p UP 6.25p

MyTravel 6p DOWN 0.125p

P&O 310.5p NO CHANGE

Rank Group 285.5p UP 2.75p

Ryanair 444p DOWN 2.75p

Stagecoach 117.5p DOWN 0.5p

Report by Tim Gillett, News From Abroad Ltd