Pandemic-favourite stocks jump after new variant is discovered

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Alpha Pro Tech, a maker of personal protective equipment, jumped 22%

Shares in companies whose businesses got a boost during past Covid-19 flare-ups rose on Friday, as a new strain of the virus rattled markets and spurred fears of fresh social restrictions.

Work-from-home stocks and food delivery companies were among the gainers in Europe, too, with TeamViewer rising 5.9% and Delivery Hero, Just Eat Takeaway.com and Deliveroo all advancing, even as the Stoxx Europe 600 benchmark fell as much as 3.7% before trimming the loss.

 

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