Stocks such as Manchester United and Fitness First are leading the growth in the leisure and tourism...
Stocks such as Manchester United and Fitness First are leading the growth in the leisure and tourism market, although many consider this sector to have limited appeal. The FTSE leisure, entertainment and hotel index has fallen 14.87% over the past 11 months to 31 October, compared to a fall of 2.38% in the FTSE All Share. However, over the same time period Manchester United shares have risen 21.46% while Fitness First has grown by 16.49%. Mike Felton, director, Pan European Equities at Royal & Sun Alliance Investments, says: "It is not the most appealing sector of the market. The market i...
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