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London stocks slide as Spain quarantine hits airlines | Malay Mail

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LONDON, July 27 — UK shares dipped today as a two-week quarantine on all travellers from Spain hammered airline stocks, with simmering US-China tensions and a surge in global Covid-19 cases also sparking a flight from risk assets. The blue-chip FTSE 100 was down 0.2 per cent, with a 9.2 per cent...

A worker shelters from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008. — Reuters pic

The blue-chip FTSE 100 was down 0.2 per cent, with a 9.2 per cent plunge for British Airways-owner IAG putting the company on course for its worst day since March. The mid-cap FTSE 250 was off 0.5 per cent. EasyJet and Carnival were also among the biggest decliners on the FTSE 250, with the wider travel and leisure sector losing 2.4 per cent.

UK stock markets have rebounded sharply from a coronavirus-driven selloff in March as a raft of global stimulus and easing business restrictions fuelled optimism about a swift post-pandemic economic recovery.

 

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