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Travel Stockwatch
Travel shares rose on London’s equity markets yesterday as financial stocks lifted the FTSE 100 index back above the psychologically important 4,000-point level, closing 1.1 per cent higher, up 43 at 4,006.9.
The FTSE 250 finished 0.8 per cent stronger at 4,965.6. British Airways recovered well, up 6.5p to 154.50, helped by Goldman Sachs moving its stance on the aerospace and defence sector to overweight from neutral, citing commercial aircraft orders as the likely main driver ‘on the assumption that a recovery in consumption in the eurozone could have at least some impact on the financial state of the domestic and other larger, flag-carrier airlines’, according to The Guardian.
easyJet did even better rising 9.75p to 232.75p, and Ryanair were up 1p to 431.5p. Online retailers ebookers gained 4.50p to close at 458.50p, and lastminute.com were up 1.25p to 174.25p. First Choice Holidays increased 2.50p to 115.00p and MyTravel closed up 1.75p at 20.75p
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