UK: Slight gains on equity markets; BA share price rises
London’s equity markets had a mixed day yesterday but a positive afternoon session saw many stocks make headway after a slow start.
An late rally on the back of rises on Wall Street saw the FTSE 100 index of leading shares close the day 18.8 points up at 3762, a gain of half a per cent. Dealers were fairly active, with some 2.7 billion shares being traded in all.
In the travel sector, British Airways climbed 3.5p to close the day at 122p after a fall of 6.5p on Monday; movement in the BA price seems likely today with news of reduced flight schedules and accelerated job losses. EasyJet lost 10p to close at 229.75p, not far ahead of its 12-month low of 178.5p, while Ryanair had a more positive session, gaining 3.5p for a 449.5p close.
Ebookers stabilised yesterday, remaining static at 220p after a fall of 30p the previous day, MyTravel lost 0.5p to close at 12p, while the online retailer Lastminute.com lost 2p to end the day at 87p.
