Managers retain stakes in 'robust' Ryanair

Edinburgh Partners' Dale Robertson has retained his position in Ryanair despite the budget airline's shares falling 4.5% during the UK flight ban.

The manager of the £242m European Investment trust is retaining the 2.7% position he established when Edinburgh Partners began running the vehicle in February. Chris Wright, manager of the £9m Premier Optimum Income fund, says he is also keeping the 2% exposure to Ryanair he bought four months ago at about 330p. If Ryanair approaches 340p he could add to this, he says. Ryanair is the only airline each manager holds in their respective portfolios. The airline's share price has fallen 4.5% since the closure of UK airspace on Thursday due to the volcanic ash crisis. British Airways sh...