(Reuters) – London’s FTSE 100 slid on Monday as a fall in crude oil prices weighed on energy stocks while tighter restrictions on businesses raised concerns about the short-term economic impact.
The blue chip FTSE 100 index fell 0.1%, while the domestically focused mid-cap FTSE 250 index rose 0.3%.
The oil heavyweights BP (LON: BP) and Royal Dutch Shell (LON: RDSa) each fell nearly 2% as crude oil prices fell. [OR]
Travel and leisure stocks, including owners of British Airways, IAG (LON: ICAG), EasyJet and Intercontinental Hotels, fell between 0.8% and 3.2% as all travelers to the UK took one recently have conducted a negative COVID-19 test and must be ready to quarantine at home for 10 days on arrival.
UK Minister for Vaccine Use Nadhim Zahawi raised concerns about vaccine supplies and said the rollout was in progress Limited by « lumpy » manufacturing, and Pfizer (NYSE: PFE) production changes could result in a brief interruption in supply.
« Investors will be focusing on the speed of vaccine rollout, the inauguration of Biden and focus his statements on the UK relationship, « said Keith Temperton, a distributor at Forte Securities.
Meanwhile, Foreign Secretary Dominic Raab said the government was hoping to get some Spe Ease rrrestrictions in March as it drives the fastest adoption of COVID-19 vaccines in Europe.
The FTSE 100 fell 2% last week after a rally fueled by Brexit optimism, as investors feared tighter restrictions on coronavirus infections increased the prospect of a swift economic recovery from the pandemic-triggered recession In terms of stocks, drug maker AstraZeneca rose 0.5% after it became known that its breast cancer drug was approved in the US for the treatment of a certain type of advanced gastric cancer.
Energy services company Centrica Plc (LON: CNA) lost 2.3% after it announced its CFO Johnathan Ford would step down on January 31.
Investing.com – UK stocks were lower at Monday’s close as losses in the Fixed line telecommunications, aerospace sectors & Defense and oil & gas producers …
FRANKFURT (Reuters) – The stocks from Thyssenkrupp (DE: TKAG) rose on Monday as traders pointed to speculation that the group was considering splitting off its steel unit.
Thyssenkrupp …
By Huw Jones LONDON (Reuters) – The European Union needs a « master plan » to move euro financial services from London to the bloc if it is to take on the role of the single currency in … </ We encourage you to use comments to connect with users, share your perspective, and ask questions to authors and each other. However, in order to maintain the high level of discourse that we all appreciate and expect, please note the following criteria:
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