11-Nov-2008 2:35 PM
Share price movements: BA soars on “buy” recommendation
Analysis
A piece of counter-cyclical advice ("buy") from a Royal Bank of Scotland analyst gave British Airways' shares a much-needed boost yesterday, provoking a rally which drove the stock up 7.5%. RBOS said "we see BA as a low bankruptcy risk. At September 2008, it had gross cash of £1.83bn. Its capital expenditure plans are modest, as are its debt payments."
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