TBI shares soar on bid approach

In fairly static markets, there were mainly small falls for travel and tourism shares yesterday – with one major exception.

The FTSE 100 index managed to gain 9.4 points to close at 4805.3, while the FTSE 250 had a similar day, adding just 5.1 points to end the day at 6604.3.

The biggest story of the day was at the regional airport operator TBI, which confirmed it was in talks with a potential bidder and saw its shares soar 9.75p to 85.75p.

The company, which owns Luton airport amongst others, said that talks were only at a preliminary stage, and “there could be no assurances that agreement could be reached”. The Independent names the Australian company Macquarie Airports as a potential candidate.

Alpha Airports 93.5p NO CHANGE

BAA 588.5p UP 5.5p

British Airways 225.5p DOWN 2.25p

Carnival 2945p DOWN 14p

De Vere 433p DOWN 10p

EasyJet 177.5p UP 4.25p

ebookers 295p UP 12p

EuroDisney 18p NO CHANGE

Eurotunnel 19.5p UP 0.25p

First Choice 140p DOWN 0.75p

Hilton Group 258.5p DOWN 10.75p

Holidaybreak 552.5p DOWN 5.5p