BAA passenger numbers edge higher in January

LONDON (ShareCast) - British airport group BAA reported a total of 7.53m passengers in the month of January, a 0.5% increase from a year earlier. Heathrow saw 5.16m users (+2.3%) for a record month of January while the number of passengers at Stansted fell 6.6% to 1.07m. Other BAA airports that saw a reduction to the number of passengers were Edinburgh (-4.4%), Southampton (-0.9%) and Glasgow (-0.4%) Aberdeen saw a 13.9% jump in the number of passengers. FERROVIAL´S TECHNICAL OUTLOOK Shares of BAA's parent company Ferrovial (Xetra: A0DKZZ - news) were forming higher lows and approaching a resistance level at €9.60, note analysts at Digital Look. "This level has resisted any attempt at a recovery on several occasions. Therefore, we believe that a breakout of this level by a sufficient margin and with high trading volume would set off a significant buy signal with a price target of €10.85, the all-time high (ex-dividends)," they said. "The main support level is at €8.86. While the stock stays above, we wont expect a bearish signal". By 09:51 in Madrid, shares of Ferrovial were up 0.32% at €9.50. N.A./JM.R.