DJ MARKET TALK: UK Rail May See Windfall From Airport Chaos

08/15/06 - Dow Jones Newswires

0549 GMT [Dow Jones] JP Morgan believes Stagecoach (SGC.LN), and to a lesser extent FirstGroup (FGP.LN) and National Express (NEX.LN), may benefit from the current delays seen at British airports. Notes British Airways' (BAB) statement that it was told by BAA to cancel around 20% of its shorthaul flights on Monday. Says this disproportionately affects domestic and near European services. Rates Stagecoach overweight, FirstGroup and National Express neutral. Stagecoach closed at 111.5p, FirstGroup at 448.75p, and National Express at 804p. (PBA)

 
Contact us in London. +44-20-7842-9464 
Markettalk.eu@dowjones.com 
 
 

(END) Dow Jones Newswires

August 15, 2006 01:49 ET (05:49 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.