Ryanair sees higher profits but FTSE still falls

BA is on the back foot again and stocks are falling after Ryanair Holdings this morning announced third-quarter profit rose by half. Even though Ryanair had positive news, both the firm and the FTSE are already on the slide and the FTSE 100 has dropped 23.6 points or 0.6% to 3665.8. Ryanar has so far lost 5.5p or 1.3% while British Airways, has fallen 3p or 2.5% to 116.75p as Dublin-based Ryanair is increasing its fleet and appears to be cutting into BA's business. There is some positive news, however, as Abbey National has climbed 8.5p or 2% to 426.5p thanks to its sale of F...