British Airways, Ferrovial share prices down on airport fears

James Featherstone

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Spanish construction group's share price falls on airport uncertainty. British Airways off £130m

The share price of Gruppo Ferrovial, which successfully bid for BAA in July, suffered a 3% hit this morning on the back of security fears at UK airports. The British Airways share price fell by 5.5% on early trading, before bouncing back to hover at 3.5% in mid morning. Some $63m (£33m) was wiped off Ferrovial's market capitalization.

BAA has been marginally affected by the turmoil, losing just 1% on early trading.

British Airways is currently off by £130 million after losing £200 million off its share price in early trading.

"British Airways is pretty much the only company affected on the markets at the moment," commented Richard Hunter at stockbrokers Hargreaves Lansdown. "The one thing the market hates is uncertainty, so they took a reasonable hit this morning. But now that things are becoming clearer, the share price has come back a bit. We'll have to wait and see what Wall Street does when it opens later today."