Odey Sells Stakes in Ryanair, British Airways, Daily Mail Says
This article is for subscribers only.
Odey Asset Management has sold its stakes in Ryanair Holdings Plc and British Airways’s owner International Consolidated Airlines Group, the Daily Mail reported Sunday, as the U.K. airline industry prepares for further job cuts.
Fund manager James Hanbury sold his IAG holding after shares rebounded, the paper said. IAG rose 8.5% this year while Ryanair added 3.4%, both outperforming the 1.4% gain of a Bloomberg index tracking European carriers.