EasyJet shares plummet
There were few drastic moves among travel and tourism shares yesterday – with one notable exception – as London’s equity markets notched up small gains.
The FTSE 100 index added 37.2 points to end the day at 4491.6, while the FTSE 250 ended the day 31.6 points to the good at 6128.4.
The exception to the rule was EasyJet, which dropped 37.25p to close at 163.75p – a fall of more than 18 per cent on the day – after the carrier issued a profit warning.
The Independent newspaper is suggesting that the group’s founder Stelios Haji-Ioannou is planning to take the group private again – but he reportedly refused to comment on the speculation.
The airline warned that its fares were likely to fall by 10 per cent this summer and that profits would be only marginally ahead of last year’s figures.
Alpha Airports 82p NO CHANGE
BAA 555.5p UP 4.5p
British Airways 258.75p UP 0.75p
Carnival 2439p UP 18p
De Vere 430p UP 3p
EasyJet 163.5p DOWN 37.25p
ebookers 277.75p UP 4p
EuroDisney 20.5p NO CHANGE
Eurotunnel 24.75p UP 1.75p
First Choice 127p UP 4.75p
Hilton Group 271p UP 1.25p
Holidaybreak 522.5p UP 1p
Intercontinental 537.5p UP 19p
Lastminute.com 190.25p UP 0.25p
MyTravel 9p DOWN 0.25p
P&O 215.75p UP 2p
Rank Group 312.5p UP 3.25p
Ryanair 302p DOWN 10p
Stagecoach 81.5p UP 0.5p
TBI 64.75p DOWN 0.25p
Report by Tim Gillett, News From Abroad
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