Ryanair investors urged: bail out now

Wednesday, 04 Mar, 2005 0

Many travel and tourism shares dropped slightly yesterday as London’s main equity indices managed modest gains.

The FTSE 100 index gained 22 points to close at 5014.8, while the FTSE 250 put on 11 points to end the day at 7271.8.

Ryanair shareholders were given a warning in the City pages of The Independent, which issued a “sell” advice, stating that smaller no-frills carriers that have entered the market have “not managed to dent the Irish carrier’s business – yet”.

Predicting that the no-frills market will get tougher in the future, the newspaper’s investment column adds: “Ryanair already has a pretty poor reputation for service, not helped by Mr O’Leary’s belligerent style, and it may not take much more publicity to send passengers elsewhere.” The carrier’s shares were unmoved in early trading this morning.

Alpha Airports 102.5p NO CHANGE

Avis Europe 60p DOWN 0.25p

BAA 595.5p DOWN 12p

British Airways 275.5p DOWN 0.75p

CNG Travel Group 78.5p DOWN 3p

Carnival 2972p DOWN 28p

CenterParcs 75p DOWN 1p

De Vere 546p DOWN 2.75p

EasyJet 228p DOWN 4p

ebookers 319.5p NO CHANGE

EuroDisney 9p NO CHANGE

Eurotunnel 16.5p DOWN 0.25p

First Choice 173.5p UP 1.5p

Hilton Group 302.75p DOWN 1.5p

Holidaybreak 654p UP 7p

Intercontinental 662p DOWN 2p

Lastminute.com 104p UP 0.75p

MyTravel 5.75p UP 0.125p

P&O 317p UP 1.75p

Rank Group 275.75p UP 1.5p

Ryanair 413.75p NO CHANGE

Stagecoach 112.5p UP 0.5p

Report by Tim Gillett, News From Abroad Ltd



 



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