Travel Stockwatch
UK: Impressive gains for the sector as FTSE pushes through 4,000 barrier
Travel companies enjoyed a very positive session on London’s equity markets yesterday as most of the main indices moved forward.
The FTSE 100 index pushed back through the psychologically-important 4,000 barrier, gaining 1.4 per cent in value and adding 53.8 points to close at 4006.4. The broader-based FTSE 250 fared even better and added 90.4 points to close at 4507.3 – gain of 2.1 per cent.
Among the UK airlines there were big gains; British Airways added 13p to close at 148p – a relatively healthy position relative to its 12-month low-point of 86p. EasyJet pushed forwards 14.5p to close at 173.5p, while its no-frills rival Ryanair added 7p to close at 429.5p.
MyTravel had a great day, adding 4.875p to close at 19p – a rise of some 35 per cent. First Choice fared less well and lost 0.5p for a 99p finish. On the online side, Lastminute.com moved forward 6.75p to 114.5p while ebookers added 17.5p for a 262.5p finish.
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