“Knacker’s yard” for MyTravel?
Travel shares had a largely difficult day yesterday despite small gains on London’s main equity indices.
The FTSE 100 index grew 15.9 points to close at 4328.1, while the FTSE 250 rose 11.2 points to end the day at 5869.7.
Under close scrutiny was MyTravel, which dropped 0.5p to an all-time low of 5.75p. According to the Daily Mail’s City pages, one find manager said the company was heading for the knacker’s yard and that the company’s backers would soon “pull the plug”.
The unnamed source is quoted as saying: “It has been run in the interests of bankers for months but they are now losing patience and do not want to throw good money after bad.
“Get the summer months out the way and the only place left for the company will be the knacker’s yard. Poor shareholders should sell in the market while they can.”
Alpha Airports 83.5p NO CHANGE
BAA 551p UP 0.5p
British Airways 211.5p UP 1.75p
Carnival 2477p DOWN 12p
De Vere 414.5p DOWN 3.75p
EasyJet 134.75p UP 2.25p
ebookers 121.25p DOWN 4.25p
EuroDisney 20.5p NO CHANGE
Eurotunnel 14.5p UP 0.25p
First Choice 116.5p DOWN 1p
Hilton Group 246p UP 1.25p
Holidaybreak 468.5p DOWN 2.5p
Intercontinental 538p DOWN 8p
Lastminute.com 102p DOWN 3p
MyTravel 5.75p DOWN 0.5p
P&O 224p UP 17.75p
Rank Group 288p DOWN 0.5p
Ryanair 285.33p UP 3.53p
Stagecoach 84.75p DOWN 0.5p
TBI 67p DOWN 0.5p
Report by Tim Gillett, News From Abroad
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