British Airways surges on pension reform rumours, TUI rally continues – SHARE WRAP
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.
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European selected airlines daily share price movements (% change): 17-Apr-09