Travel Stockwatch
British Airways has a good day as markets move forward slowly
Shares in British Airways managed to buck a downward trend in industry shares yesterday as London’s equity markets struggled to make small gains.
The FTSE 100 index gained 0.4 per cent in value on the day, adding 15.8 points to close at 4157.0, while the FTSE 250 moved ahead 0.6 per cent, closing the day 32.6 points to the good at 5325.6. Both indices have made strong gains during July – the FTSE 100 has risen 0.1 per cent while the broader-based version has added 7.3 per cent over the month.
British Airways gained 4p to close at 172.25p after dealers decided the carrier has not done too badly despite plenty of bad news in recent months; EasyJet lost 4.5p to close at 231.25p and Ryanair lost 3.5p to close at 431p.
Online retailers also has a difficult day; ebookers lost 17p to close at 535p while Lastminute.com moved back 2.25p for a 209p finish. First Choice Holidays gained a penny to finish at 115p, while MyTravel lost 1.75p to end the day at 33p.
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