Shares in British Airways (BA) surged on Friday on reports in the Financial Times that the UK Pensions Regulator may allow some companies to renegotiate recovery programmes to overcome pension-plan deficits. BA’s pension gap last month exceeded its market capitalisation, according to Bloomberg. BA closed up 8.1% on Friday.
Meanwhile, TUI AG continued to rally as speculation mounted Norwegian investor, John Fredriksen, is acquiring more shares in the German firm. TUI soared 11.7% on Friday.
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European selected airlines daily share price movements (% change): 17-Apr-09
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