Hilton shares soar on de-merger rumours
There were several significant moves among travel and tourism shares yesterday, as London’s equity markets moved ahead.
The FTSE 100 index added 22.8 points to close at 4,569 – its highest closing position since July 2002, according to The Guardian – while the FTSE 250 did even better and gained 58.9 points to end the day at 6,345.
There was heavy trading in Hilton shares, which gained 75p to close at 241.75p on rumours of a de-merger of Hilton International and Ladbrokes.
British Airways did well, adding 7.25p to close at 299p, while Ryanair dropped 11.125p after saying its fares are likely to fall this year.
Eurotunnel’s shares dropped 0.5p after the group announced a four per cent drop in traffic in the first quarter of the year.
Alpha Airports 75p NO CHANGE
BAA 529p UP 2p
British Airways 299p UP 7.25p
Carnival 2549p UP 42p
De Vere 436.25p DOWN 6.75p
EasyJet 294.25p UP 4.25p
ebookers 284.75p DOWN 11.25p
EuroDisney 27p NO CHANGE
Eurotunnel 30.5p DOWN 0.5p
First Choice 136p UP 5.75p
Hilton Group 241.75p UP 7.5p
Holidaybreak 487p DOWN 11p
Intercontinental 517.5p UP 5.5p
Lastminute.com 203p DOWN 2p
MyTravel 8.75p DOWN 0.25p
P&O 220p UP 5.5p
Rank Group 336.25p DOWN 5.25p
Ryanair 325p DOWN 11.125p
Stagecoach 87.75p UP 0.25p
TBI 66p UP 1p
Report by Tim Gillett, News From Abroad
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