This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-30307047
The article has changed 5 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Airline shares up on tax change | |
(about 1 hour later) | |
(14.00): Airline shares have risen in reaction to changes to air passenger duty announced in the chancellor's Autumn Statement. | |
George Osborne said he would abolish the tax for children flying abroad under 12. The charge is between £13 and £194, depending on the cabin class and distance travelled. | |
Easyjet and BA owner IAG are up 2%. | |
The FTSE 100 remains lower, down 18.52 points at 6,723.58, with Royal Mail shares failing a further 2.4%. | |
Royal Mail shares had fallen more than 2% on Tuesday after regulator Ofcom dismissed its claims that the universal postal service was under threat. | Royal Mail shares had fallen more than 2% on Tuesday after regulator Ofcom dismissed its claims that the universal postal service was under threat. |
Shares in Sage rose 5% after the computer software firm reported a 5% rise in revenues. | Shares in Sage rose 5% after the computer software firm reported a 5% rise in revenues. |
Oil and gas shares rallied initially in the first few minutes of trade before falling back. | Oil and gas shares rallied initially in the first few minutes of trade before falling back. |
The price of Brent crude - which hit a five-year low on Monday - was down 16 cents at $70.38 a barrel, having traded as high as $71.46 earlier in the session. | The price of Brent crude - which hit a five-year low on Monday - was down 16 cents at $70.38 a barrel, having traded as high as $71.46 earlier in the session. |
At the end of the morning, Royal Dutch Shell "A" and "B" shares were the biggest losers, both down 2%. | At the end of the morning, Royal Dutch Shell "A" and "B" shares were the biggest losers, both down 2%. |
On the currency markets, the pound rose 0.19% against the dollar to $1.5668 and climbed 0.67% against the euro to €1.2713. | On the currency markets, the pound rose 0.19% against the dollar to $1.5668 and climbed 0.67% against the euro to €1.2713. |