BA shares recover on oil price drop
There were several strong performances among travel and tourism shares yesterday as London’s equity markets pushed ahead.
The FTSE 100 index added 20.8 points to end the day at 4558.1, while the FTSE 250 gained 29.1 points to close at 6262.8. British Airways managed to add 6.5p to close at 212.75p as the crude oil price dropped slightly.
P&O gained 7.5p as dealers continued to react positively to a proposed restructuring, and ebookers put on 6.5p to close at 221p.
The one disappointing performance was at De Vere, which lost 14.75p to end the day at 424.5p. The Independent, however, still rates the hotels group’s shares as a “hold”, adding that the business is “on track”.
Alpha Airports 86.5p DOWN 2.5p
BAA 556p DOWN 2p
British Airways 212.75p UP 6.5p
Carnival 2739p DOWN 26p
De Vere 424.5p DOWN 14.75p
EasyJet 128p UP 3p
ebookers 221p UP 6.5p
EuroDisney 20p UP 2.5p
Eurotunnel 21.25p UP 0.25p
First Choice 131p UP 1.25p
Hilton Group 278.5p UP 1.5p
Holidaybreak 527p UP 7p
Intercontinental 635p UP 7.5p
Lastminute.com 134p DOWN 2p
MyTravel 5.75p DOWN 0.25p
P&O 266p UP 7.5p
Rank Group 283.5p UP 3p
Ryanair 281.24p UP 4.12p
Stagecoach 90p NO CHANGE
TBI 67p Up 0.25p
Report by Tim Gillett, News From Abroad Ltd
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