BA shares lose 1% of value on tough day for FTSE

British Airways shares lost more than 1% of their value today after the airline cancelled flights in the wake of wildcat strikes at Heathrow.

A total of 500 flights will be cancelled up until 6pm today, leading to analysts forecasts of a potential cost to the company of between £10m (€14.5m) and £40m (€58.2m).