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Lastminute.com shares jump on bullish forecast

Friday, 1 October 20043 min read

There were mixed fortunes for travel and tourism shares yesterday as London’s two main equity indices moved in different directions.

 

The FTSE 100 index lost 17.3 points to end the day at 4570.8, while the broader-based FTSE 250 managed to gain 6.3 points to finish at 6269.1.

 

The most significant move was at Lastminute.com, which added 6p to close at 140p.

 

The Times reports that Morgan Stanley has repeated its 200p target for the shares, adding that the online trader could reveal “better than expected” summer trading figures on Monday.

 

Alpha Airports 86.5p NO CHANGE

BAA 553.5p DOWN 2.5p
British Airways 207.5p DOWN 5.25p
Carnival 2717p DOWN 22p

De Vere 432p UP 7.5p
EasyJet 127p DOWN 1p

ebookers 222p UP 1p

EuroDisney 20p NO CHANGE
Eurotunnel 21.5p UP 0.25p

First Choice 132.5p UP 1.5p

Hilton Group 276.75p DOWN 1.75p

Holidaybreak 522p DOWN 5p

Intercontinental 628.5p DOWN 6.5p

Lastminute.com 140p UP 6p
MyTravel 5.5p DOWN 0.25p
P&O 263p DOWN 3p

Rank Group 279.5p DOWN 4p  

Ryanair 274.54p DOWN 6.7p

Stagecoach 91.25p UP 1.25p

TBI 67.5p UP 0.5p

 

Report by Tim Gillett, News From Abroad Ltd