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Travel Stockwatch

Wednesday, 21 May 20033 min read

UK: Tuesday sees industry shares fall as markets struggle to push ahead

Travel shares had a hard time on London’s equity markets yesterday as the main indices managed to edge forward.

The FTSE 100 index managed to push forward 30.3 points to close at 3971.6 – an increase of around 0.8 per cent – while the FTSE 250 index made a lesser gain and added 11.7 points to close at 4684.4. Dealers had their busiest day in recent weeks, with some 3.1 billion shares traded by the 6pm count.

Among travel shares, the one winner was MyTravel, which managed to edge ahead 0.5p to close at 18.25p, while First Choice lost a penny to close at 89p. The online retailer lastminute.com had a poor day, falling 4p to end the day at 109p.

Among the airlines, British Airways fell 4.5p to close at 133p, EasyJet lost 0.5p to close at 196p, while no-frills rival Ryanair dropped 7p to 400.5p.