UK: A positive day for many shares reflected in the travel sector
London’s equity markets had a better day yesterday after a bad run that has lasted three days, making gains in most sectors.
The benchmark FTSE 100 index gained some two per cent in value, jumping 71.5 points to end the day at 3648.8, with all of London’s main indices following suit. It was a moderately busy day with dealers trading 2.2 billion shares in all.
In the travel sector things were also better than in recent days, with many industry shares making headway. MyTravel gained 1.125p to close the day at 10p – ahead of its 12-month low of 8p but still well and truly in the doldrums – while First Choice dropped 1.5p to end the day at 81p. Lastminute.com had a better day and put on 1.25p for a 85p close.
Among the airlines, there was mixed news. British Airways managed to put on 1.5p to finish the session at 105.5p after several days on the slide, but EasyJet and Ryanair did not fare so well. EasyJet lost 7.25p to close at 214.75p after revealing plans to shed more than 100 former Go workers, while Ryanair lost 2p to close at 426p. The airport operator TBI released an encouraging trading update and saw its shares jump 4.25p to 44.25p.
