Boeing Gains as U.K. Agency Sees No Battery Link on 787 Fire
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Boeing Co. shares recovered most of their July 12 losses after U.K. regulators saw no direct link with last week’s fire on a 787 at London’s Heathrow airport and battery blazes that grounded the fleet this year.
The shares rose 3.1 percent to $105.02 at 12:21 p.m. in New York after reaching $105.25, the biggest intraday gain since April 24. The Air Accidents Investigation Branch said in a July 13 statement there’s “no evidence of a direct causal relationship” with the battery system malfunction and that the probe would take a few days.