Sector movers: Travel stocks take off

5th Oct 2010 15:18

TUI Travel gives the travel sector a lift after it allayed fears about full year trading by saying it is confident results will be in line with previous guidance. Summer holiday bookings in the year to September 26 were up, year on year, in all regions except the Netherlands, which showed a 2% fall. Gains per region were as follows: UK +2%; Nordic region +17%; Germany +5%; France +11%; Belgium +4%.Peer Thomas Cook is also in demand.Strong gains in the share price of Capital Lease Aviation have failed to lift the industrial transportation sector.Aircraft leasing specialist Capital Lease upped profits to $4.4m from $3.9m in the year to June as turnover rose slightly to $16.4m from $16.2m. "Our cost of finance going forward is now lower than last year and the increase in free cash flow places us in a stronger position to take advantage of new opportunities in the future," it added.But aircraft services group BBA leads the sector lower.Top performing sectors so far todayForestry & Paper 5,724.98 +2.90%Banks 5,079.68 +2.28%Alternative Energy 3,243.55 +2.25%Fixed Line Telecommunications 2,040.51 +1.73%Travel & Leisure 4,619.97 +1.63%Bottom performing sectors so far todayPersonal Goods 17,504.27 -0.79%Automobiles & Parts 3,927.95 -0.53%Oil Equipment, Services & Distribution 21,493.03 -0.37%Health Care Equipment & Services 3,250.03 -0.23%Industrial Transportation 2,334.47 -0.18%