MyTravel shares up 30 per cent
Shares in MyTravel provided the most interest among industry stocks yesterday, as London’s equity markets pushed ahead.
The FTSE 100 index added 35 points to end the day at 4753.4, while the FTSE 250 also had a good day, gaining 13.4 points to close at 6596.4.
Following a High Court agreement that the firm would be allowed to restructure itself, shares in MyTravel jumped 1.25p to finish at 5.5p – an increase of 30 per cent.
EasyJet dropped 2.75p to close at 183.75p – The Guardian attributed the fall to profit taking “after a recent strong run”, though the fall could also be to do with the resignation of finance director Chris Walton, who announced his departure yesterday.
Lastminute.com also suffered yesterday, falling back 15.5p to close at 104.25 after releasing results that disappointed the markets and revealing that chief financial officer David Howell was to step down.
Alpha Airports 93p NO CHANGE
BAA 586p UP 1.5p
British Airways 219.5p UP 0.25p
Carnival 2965p UP 3p
De Vere 449.25p UP 4.25p
EasyJet 183.75p DOWN 2.75p
ebookers 296p DOWN 5.25p
EuroDisney 18p NO CHANGE
Eurotunnel 19p UP 0.25p
First Choice 140p NO CHANGE
Hilton Group 264.5p DOWN 0.25p
Holidaybreak 558p DOWN 9p
Intercontinental 669p UP 11.5p
Lastminute.com 104.25p DOWN 15.5p
MyTravel 5.5p UP 0.25p
P&O 295.25p UP 1p
Rank Group 310.75p UP 2.75p
Ryanair 353.99p DOWN 2.88p
Stagecoach 94p DOWN 0.5p
TBI 91.25p NO CHANGE
Report by Tim Gillett, News From Abroad Ltd
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