UK: Easyjet hits new 12-month low on a mixed day for the sector
Early gains on London’s equity markets were soon cancelled out in a weak afternoon session that left most of the main indices in negative territory.
The FTSE 100 index lost 0.3 per cent of its value, closing 12.5 points down at 3927.8, while the FTSE 250 was the only index to gain value and added 34.3 points to close at 4356.1 – a gain of 0.8 per cent. Dealers had one of their busiest days in recent weeks; some three billion shares were traded before the 6pm count.
Once again it was a mixed day in the travel sector, with few shares making any large gains or losses. British Airways was unmoved at 122p, while EasyJet fell 4p to a new 12-month low of 177.25p. Ryanair had a better day by comparison and added 5p for a 435p close.
First Choice had a great day, adding 4p for an 89p close, while MyTravel was static at 10p. The online retailer Lastminute.com also enjoyed a positive session; its shares rose 4p on the day to close at 94p.
