Carnival shares begin recovery as ship slips

SHARES in Carnival, the owner of the stricken Costa Concordia, recovered another 3.2 per cent yesterday in the aftermath of Monday’s enormous 16.4 per cent decline.

Italian rescuers have called off the search for survivors as the ship began to slip into the sea. More than 20 people are still missing after Friday night’s tragedy.

The investigation has focused on the actions of captain Francesco Schettino, who is under house arrest and faces charges of manslaughter after 11 people died in the accident.

He has been accused of sailing too close to the shore in order to salute a friend on the island and reportedly said the reason he was one of the first people to leave the capsizing ship was that he inadvertently “tripped” and ended up in a lifeboat.