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| FTSE sees airline shares rise on air tax change | |
| (6 months later) | |
| (Close): Airline shares have risen in reaction to changes to air passenger duty announced in the chancellor's Autumn Statement. | (Close): 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. | 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 closed 2.5% higher, while BA owner IAG added 1.3%. | Easyjet closed 2.5% higher, while BA owner IAG added 1.3%. |
| But the FTSE 100 closed lower, down 25.47 points at 6,716.63. | But the FTSE 100 closed lower, down 25.47 points at 6,716.63. |
| Royal Mail shares lost a further 1.85%, having fallen more than 2% on Tuesday after regulator Ofcom dismissed its claims that the universal postal service was under threat. | Royal Mail shares lost a further 1.85%, having fallen more than 2% on Tuesday after regulator Ofcom dismissed its claims that the universal postal service was under threat. |
| Shares in Sage rose 4.7% after the computer software firm reported a 5% rise in revenues. | Shares in Sage rose 4.7% 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 up nine cents at $70.63 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 up nine cents at $70.63 a barrel, having traded as high as $71.46 earlier in the session. |
| Royal Dutch Shell "A" and "B" shares both ended the day down 1.4%. | Royal Dutch Shell "A" and "B" shares both ended the day down 1.4%. |
| On the currency markets, the pound rose 0.44% against the dollar to $1.5707 and climbed 1% against the euro to €1.2757. | On the currency markets, the pound rose 0.44% against the dollar to $1.5707 and climbed 1% against the euro to €1.2757. |