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Travel Stockwatch
UK: Thursday sees mixed fortunes for travel shares as market rises
A positive day on London’s equity markets yesterday saw mixed fortunes for shares in travel organisations.
Impressive gains among the big financial institutions saw the FTSE 100 index push ahead 36.1 points to end the day at 4011.1 – a gain of 0.9 per cent on the day – while the FTSE 250 index also pushed ahead nicely, adding 58.7 points to close at 4672.5. One of the busiest days in recent weeks saw dealers trade an impressive 2.9 billion shares before the 6pm count.
British Airways managed to add 2p to close the day at 140p, EasyJet dropped a quarter of a penny for a 194.75p finish, while no-frills rival Ryanair fell away 10p to end the day at 407.5p. First Choice lost 0.5p for a closing price of 89.5p, MyTravel lost 0.25p for a 18.75p finish, and Lastminute.com, on the back of mixed results, lost 1.25p for a 118.5p finish.
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