Travel Stockwatch
Wednesday sees no-frills carriers move back amid profit taking by dealers
It was a mixed day for travel industry shares yesterday as profit-taking saw London’s main shares indices move backwards.
Following several positive days’ trading, the FTSE 100 index lost 0.3 per cent of its value to close the day at 4115.7, 13.6 points down. The FTSE 250 index fared slightly worse and lost 36.7 points to end the day at 4843.2. Dealers were fairly busy and traded some 2.6 billion shares on the day.
Among travel industry stocks, the biggest movements came from the two main no-frills carriers; Ryanair had an awful day and lost 35p to close at 404.5p after forecasting that profits will not increase as fast in the next 12 months as they have over the last year. Easyjet did little better, falling 11.75p to settle at 174.25p – just a penny above the low-point for the last 12 months.
British Airways had a more settled day, losing 1.75p to end the day at 145.5p. First Choice had its best day in recent weeks, adding 9p to close at 103p, while MyTravel put on 2.125p to end the day at 22.5p. Lastkminute.com closed at a new year-high of 142p, 0.75p up on the day.
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