BA shares boost Footsie

Shares in British Airways rose 2% today as airline services showed signs of returning to normal following Thursday’s terror alert.

Shares in British Airways rose 2% today as airline services showed signs of returning to normal following Thursday’s terror alert.

With one analyst putting the cost of the disruption at less than £50 million, BA recovered some of the 5% loss seen yesterday in light of the alleged terror plot to attack transatlantic planes. Shares were 7.75p higher at 378p.

The FTSE 100 Index fell 100 points as details of the plot emerged but have recovered since then and were 10 points higher at 5833.4 by mid-morning.

Other travel stocks on the way back included hotels group InterContinental - up 2p to 841p after a gain of 13p earlier in the session, while car hire company Avis Europe rose 3.5p to 67p in the FTSE 250 Index.

Back in the top flight, Party Poker owner PartyGaming fell after it emerged BetonSports had decided to close its US operation in the wake of legal action by US authorities. The move added to nerves in the sector, with PartyGaming off a penny at 110p.

Vodafone continued to struggle after the owner of T-Mobile issued a profits warning and said it would cut its prices. Shares were half a penny lower at 111.5p.

Among other developments, Tesco shares rose by more than 1% as it was reported that the supermarket group was planning to launch a homewares catalogue in competition with Argos. While Tesco cheered 5,5p to 370.5p, Argos owner GUS fell 9.5p to 964p.

And fund manager Schroders fell 61p to 902p, as first-half results came in lower than expected.

In the FTSE 250 Index, kitchen equipment group Enodis rallied 1.5p to 166.5p after US company Middleby said it remained interested in a bid for the UK company, which earlier this week pulled out of a deal with Manitowoc.

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