Many travel and tourism shares dropped slightly yesterday as London’s main equity indices managed modest gains.
The FTSE 100 index gained 22 points to close at 5014.8, while the FTSE 250 put on 11 points to end the day at 7271.8.
Ryanair shareholders were given a warning in the City pages of The Independent, which issued a “sell” advice, stating that smaller no-frills carriers that have entered the market have “not managed to dent the Irish carrier’s business – yet”.
Predicting that the no-frills market will get tougher in the future, the newspaper’s investment column adds: “Ryanair already has a pretty poor reputation for service, not helped by Mr O’Leary’s belligerent style, and it may not take much more publicity to send passengers elsewhere.” The carrier’s shares were unmoved in early trading this morning.
Alpha Airports 102.5p NO CHANGE
Avis Europe 60p DOWN 0.25p
BAA 595.5p DOWN 12p
British Airways 275.5p DOWN 0.75p
CNG Travel Group 78.5p DOWN 3p
Carnival 2972p DOWN 28p
CenterParcs 75p DOWN 1p
De Vere 546p DOWN 2.75p
EasyJet 228p DOWN 4p
ebookers 319.5p NO CHANGE
EuroDisney 9p NO CHANGE
Eurotunnel 16.5p DOWN 0.25p
First Choice 173.5p UP 1.5p
Hilton Group 302.75p DOWN 1.5p
Holidaybreak 654p UP 7p
Intercontinental 662p DOWN 2p
Lastminute.com 104p UP 0.75p
MyTravel 5.75p UP 0.125p
P&O 317p UP 1.75p
Rank Group 275.75p UP 1.5p
Ryanair 413.75p NO CHANGE
Stagecoach 112.5p UP 0.5p
Report by Tim Gillett, News From Abroad Ltd
