Article: British Airways climbs steeply as Goldman Sachs says get aboard ; MARKET ROUND-UP

STAND by for take off at British Airways was the advice Goldman Sachs gave to clients today as it added the shares to its influential Conviction Buy list.

The shares responded with a jump of 8.7p to 236.1p, making them one of the best performers among the top. They have come up from a low of 188p since July and, according to the American broking house, there is scope for a further 45% improvement in the price. Goldman says the recovery is under way and will be achieved by further cost savings and effective hedging against fuel price rises. Margins will also improve more rapidly than the other national carriers largely due to its exposure to the lucrative North Atlantic routes, the broker ...

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