MyTravel shares on the rise

Travel and tourism shares had a rough time of things yesterday despite London’s equity markets pushing ahead. The FTSE 100 index added 34.3 points to end the day at 4731.1, while the FTSE 250 had a similar session, gaining 22.5 points to close at 6789.9. After striking a last-minute deal with its bondholders, MyTravel’s shares gained 0.375p to close at 6p. Under restructuring plans, the bondholders will now get eight per cent of the company – MyTravel had been arguing for a scheme that would have left them with just two per cent of the company’s equity. Alpha Airports 92p NO CHANGE BAA 571.5p DOWN 1.5p British Airways 221p DOWN 3.75p Carnival 3088p DOWN 9p De Vere 465p DOWN 1p EasyJet 180p DOWN 5p ebookers 314.5p DOWN 0.25p EuroDisney 14.5p DOWN 0.5p Eurotunnel 17p NO CHANGE First Choice 150p DOWN 3p Hilton Group 274.75p UP 3.75p Holidaybreak 601p DOWN 0.5p Intercontinental 651p UP 3p Lastminute.com 116p DOWHN 0.5p MyTravel 6p UP 0.375p P&O 293.25p UP 3.5p Rank Group 258.5p DOWN 1p Ryanair 361.15p DOWN 3.85p Stagecoach 106p DOWN 4p TBI 92p DOWN 0.25p Report by Tim Gillett, News From Abroad Ltd