Shares in cruise related businesses, together wit the wider travel sector, extended deep losses of the past few days in early London trade on Wednesday, exceeding the losses of the wider market, on coronavirus fears.
At around 1030am, after two hours of trading, Carnival plc had lost 2.0% to £25.85, TUI AG that is involved in the cruise and package holiday businesses was 3.9% down at £7.0.
Cruise, travel and financial services group Saga plc had dropped a massive 13.5% to £0.36 and Global Ports Holding plc that is the world’s largest cruise port operator had dived 6.0% to trade at £2.0.
The FTSE100 index of leading shares was 0.8% down at the same time.
