Travel Stockwatch
Monday sees mixed fortunes for industry shares as markets fall back
Monday was a mixed day for travel industry shares as London’s main equity markets moved backwards. The benchmark FTSE 100 index lost 0.7 per cent of its value to close 28.9 points down at 4044.3, while the broader-based FTSE 250 also slumped, dropping 8.3 points to close at 5167.4. Profit-taking led to most of the reverses on a quiet day that saw just 2.1 billion shares traded.
The biggest mover was MyTravel, which jumped 4.5p to 37.5p on talk of a life-saving re-finance deal; the share price is now well-clear of its 12-month low, 7.5p, but a long way short of its year-high of 153.5p. First Choice Holidays lost 2p to close at 119p.
Among the carriers, British Airways fell back 3.75p to 171p, EasyJet fell away 2.5p to close at 238.25p, and Ryanair ended the day at 422.5p, up a penny. On the online side, ebookers lost 2.5p to close at 482.5p and lastminute.com gained 2p to end the day at 194p.
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