Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Mali attack weighing on airline stocks -traders

Fri, 20th Nov 2015 11:11

LONDON, Nov 20 (Reuters) - Shares in easyJet andRyanair fell 1 to 3 percent on Friday, underperformingthe European travel and leisure index, with tradersciting an attack on a luxury hotel in Mali and broker downgradesas reasons for the weakness.

Shares of British Airways owner IAG were also down1.4 percent.

"Mali attacks (have led to) follow-on concerns," said AtifLatif, director at Guardian Stockbrokers.

Gunmen attacked the hotel full of foreigners in Mali'scapital Bamako, taking 170 people hostage. A Turkish governmentofficial said six Turkish Airlines staff members were are amongthe people in the hotel.

Kepler Cheuvreux cut its rating on easyJet to "reduce" from"hold", while Barclays cut its target price for the stock. (Reporting by Atul Prakash and Tricia Wright; Editing by LionelLaurent)

Related Shares

More News
30 Apr 2024 10:06

Premier Inn owner Whitbread to cut 1,500 UK jobs as it closes some restaurants

Dividend hike of 26% to 62.9p *

28 Apr 2024 12:55

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order t...

28 Apr 2024 10:34

Lufthansa, ITA to give up 11 slots in Milan to get EU go ahead for tie-up - newspaper

ROME, April 28 (Reuters) - Germany's Lufthansa and Italian rival ITA will offer to cede 11 pairs of slots a day at Milan's Linate airport in order t...

24 Apr 2024 09:02

LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

23 Apr 2024 09:00

LONDON BROKER RATINGS: Jefferies raises Reckitt; Learning Tech is cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.