Market slide hits sector
Hotel and leisure shares ended a turbulent week on a low note with a fall of 3.84% compared with a 2.86% drop in the FTSE all-share index.
Break for the Border showed the biggest slump, of 10.68%, after the agreed sale of its events caterer Lawson Beaumont to Gardner Merchant for £2.5m.
Other big percentage losers were Jurys Hotel Group, down almost 10%, and Ladbroke which slipped 7.93%.
Stakis saw a 5.83% shares slide despite buoyant fourth quarter results and the announcement that a 400-room extension of its London Metropole hotel is to go ahead early next year.
Meanwhile, Rank's trading statement to the City last week failed to inspire confidence and shares continued their slide by 1.33% to 333p.
Brewing-to-leisure group Whitbread, however, jumped 6.13% ahead of this week's interim results when positive news is expected about its Travel Inn hotel chain.
