TBI shares soar on bid approach
In fairly static markets, there were mainly small falls for travel and tourism shares yesterday – with one major exception.
The FTSE 100 index managed to gain 9.4 points to close at 4805.3, while the FTSE 250 had a similar day, adding just 5.1 points to end the day at 6604.3.
The biggest story of the day was at the regional airport operator TBI, which confirmed it was in talks with a potential bidder and saw its shares soar 9.75p to 85.75p.
The company, which owns Luton airport amongst others, said that talks were only at a preliminary stage, and “there could be no assurances that agreement could be reached”. The Independent names the Australian company Macquarie Airports as a potential candidate.
Alpha Airports 93.5p NO CHANGE
BAA 588.5p UP 5.5p
British Airways 225.5p DOWN 2.25p
Carnival 2945p DOWN 14p
De Vere 433p DOWN 10p
EasyJet 177.5p UP 4.25p
ebookers 295p UP 12p
EuroDisney 18p NO CHANGE
Eurotunnel 19.5p UP 0.25p
First Choice 140p DOWN 0.75p
Hilton Group 258.5p DOWN 10.75p
Holidaybreak 552.5p DOWN 5.5p
Intercontinental 681p DOWN 11p
Lastminute.com 119.25p UP 3.25p
MyTravel 3.75p DOWN 0.25p
P&O 294p UP 4.25p
Rank Group 295.75p UP 2.25p
Ryanair 352.23p DOWN 0.73p
Stagecoach 93.25p DOWN 0.25p
TBI 85.75p UP 9.75p
Report by Tim Gillett, News From Abroad Ltd
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