|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Wednesday 08th of October 2008
July 1, 2008

British Airways leads travel-related shares lower in London


by Elaine Frei
British Airways leads travel-related shares lower in London

Equities markets in London saw declines on Tuesday, with the FTSE 100 down 2.6 percent to 5,479.9 as the FTSE 250 dropped 2.46 percent to 8,920.8.

Travel-related shares were lower, with British Airways (LSE: BAY) down 5.7 percent and cruise line operator Carnival Corp (LSE: CCL; NYSE: CCL; NYSE: CUK) dropping 4.8 percent.

Other decliners included the pharmaceuticals sector, banks, miners, most real estate groups, and the retail sector.

In Europe, the FTSE Eurofirst 300 was down 2.09 percent to 1,176.2 while the Dax was 1.6 percent lower to 6,315.94, the CAC-40 fell 2.11 percent to 4,341.21, and the IBEX dropped 2.29 percent to 11,770.9.

Asia-Pacific equities saw declines as well.

The Nikkei was down 0.13 percent to 13,463.2 in Tokyo, while the Topix index fell 0.03 percent to 1,320.07 but the Mothers market of small and mid-caps added 1.77 percent to 549.9.

South Korea’s Kospi index dropped 0.51 percent to 1,666.46 while in Australia the Sydney Ordinaries fell 1.35 percent to 5,261.1 and the S&P/ASX200 was down 1.46 percent to 5,138.9 although miners and airlines saw gains there.

The Straits Times Index was 1.38 percent lower to 2,906.79, Taiwan’s Taiex fell 1.54 percent to 7,407.98, the Shanghai Composite was down 3.09 percent to 2,651.6, and India’s Sensex dropped 3.71 percent to 12,961.68.

In midday trade in New York, the Dow Jones Industrial Average had dropped 0.73 percent to 11,267.37 while the Nasdaq Composite was down 0.89 percent to 2,272.67 and the S&P 500 was 0.69 percent lower to 1,271.19.

Crude oil and metals prices were up on the session, while grains prices were mixed as corn saw declines but soybeans rose above $16 per bushel for the first time.

The US dollar was down in afternoon trade while the yen and Swiss franc both saw gains during the day.

Discuss this in the Finance Markets forums

Story link: British Airways leads travel-related shares lower in London


Add to Bookmarks:

ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL

 

 

Previous: « Management overhaul at UBS
Next: Equity withdrawals plummet by 64% »

Visited 1174 times, 1 so far today