Travel Stockwatch
UK: Easyjet pushes ahead on a mixed day for the travel sector
It was a mixed day on London’s equity markets yesterday with most indices closing in positive territory after early losses.
The benchmark FTSE 100 index finished the say 31.1 points higher at 3793.1 – a rise of 0.8 per cent – while the broader-based FTSE 250 made a more modest gain of 0.4 per cent. The biggest gains were to be had in the banking and oils sectors but there were few major movements among blue chip stocks. Dealers were moderately busy, trading 2.4 billion shares in all.
In the travel sector the biggest mover of the day was easyJet, which put on 15p for a 244.75p closing price. Flag-carrier British Airways has another negative day, losing 4p to close at 118p after announcing cuts in flight schedules and earlier-than-expected job losses.
MyTravel was unchanged at 12p and continues to languish not far above its year-low of 8p; investors will not need reminding that the price was as high as 250p within the last 12 months. First Choice gained 0.5p to finish the day at 85p, while Lastminute.com lost 2.5p to close at 84.5p after announcing it is to buy the car hire company Holiday Autos.
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