Dubai government to buy British Airways

Last week rumours that Emirates, owned by the Dubai government, were looking into buying British Airways forced the price of BA stock up 5%. As with all rumours there has been a breathing space – though the stock has continued to push to record levels of 377 pence.

BA is currently facing anti-trust allegations in the US, so it is expected that this may put a damper on any current speculation.

After expected profit taking, BA was trading down at 357 today.
 

This entry was posted on July 21, 2006 at 4:14 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed.