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“Rod Eddington might leave”
Stockmarkets may or may not be affected by the weather, but the performance of travel and tourism shares yesterday shared many things with the climatic conditions being experienced in London.
While the FTSE 100 index gained 22.7 points to close at 4381.1, the FTSE 250 dropped 32.2 points to finish at 6088.2.
British Airways was representative of many industry shares, dropping 7.5p to end the session at 254p.
The Guardian quotes the Dutch broker ABN Amro as taking a more cautious view of the stock, given that “competition on transatlantic routes remains fierce, the company still has to reach an agreement with staff over costs, and its chief executive, Rod Eddington, might leave”.
EasyJet also had a wash-out of a day, dropping 5.25p to close at 146.5p.
Alpha Airports 89p NO CHANGE
BAA 556p NO CHANGE
British Airways 254p DOWN 7.5p
Carnival 2638p DOWN 21p
De Vere 430.75p DOWN 13.25p
EasyJet 146.5p DOWN 5.25p
ebookers 270p UP 3p
EuroDisney 24p NO CHANGE
Eurotunnel 23.75p DOWN 1.25p
First Choice 118.75p DOWN 3.75p
Hilton Group 263.75p UP 0.5p
Holidaybreak 503.5p UP 2.5p
Intercontinental 573p UP 1.5p
Lastminute.com 178p DOWN 2p
MyTravel 7.25p DOWN 0.25p
P&O 223.5p DOWN 4.5p
Rank Group 295p DOWN 3p
Ryanair 314.25p UP 2p
Stagecoach 90.25p DOWN 0.75p
TBI 65p DOWN 0.75p
Report by Tim Gillett, News From Abroad
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