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HomeBusiness NewsShares in travel and hospitality firms slump on lockdown news

Shares in travel and hospitality firms slump on lockdown news

by LLB Editor
2nd Nov 20 9:18 am

Shares in UK travel companies, retailers, pub chains and hotel operators have fallen sharply at the start of trading on the London stock market.

They’re all suffering from the impact of the new English lockdown rules.

British Airways parent company, IAG, is the top FTSE 100 faller, down 6.3%, following the ban on holidays abroad or within the UK. Budget airline easyJet has dropped by 5.5%.

Hotel operator Whitbread, which owns Premier Inns, has fallen 3.7%.

High street shopping chains JD Sports (-5.8%) and Next (-2.7%) are also suffering from the imminent closure of non-essential stores, which will hammer the lucrative pre-Christmas trading.

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