UK airspace re-opening buoys travel shares

UK airspace re-opening sees travel shares up in early trade, but FTSE 100 down overall

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Wednesday, 21, Apr 2010 09:38

Travel shares on the UK's leading index, the FTSE 100, rose this morning as it was announced airspace would re-open after six days of closure.

Overall though the 100 top blue-chip firms were down in early trading on Wednesday morning, and by 09:15 BST lost 0.12 per cent, down 6.92 points to 5,776.77.

Among the FTSE 100 gainers this morning was British Airways adding 1.41 per cent and TUI Travel, gaining 0.83 per cent. Leading the gains was Aggreko, up 3.03 per cent.

After leading the fallers last night - despite announcing strong profit results yesterday - Tesco was much stronger this morning, adding 0.9 per cent.

Dragging on the FTSE 100, BAE Systems led the fallers, losing 2.49 per cent, while retail was also down in early trade, with Marks and Spencer Group shedding 2.12 per cent, Home Retail group 1.44 per cent and high-street store Next down 0.86 per cent.