Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Indexes
  3. United Kingdom
  4. Great Britain
  5. FTSE 100
  6. News
  7. Summary
    UKX   GB0001383545

FTSE 100

(UKX)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

FTSE 100 slips, lockdown exit plan boosts travel stocks

02/22/2021 | 12:22pm EDT
Pedestrians leave and enter the London Stock Exchange in London

(Reuters) - London's FTSE 100 slipped on Monday, but recovered from early lows as British Prime Minister Boris Johnson set out a phased plan to end England's COVID-19 lockdown, boosting travel-related stocks.

After falling as much as 1.2% after a jump in commodity prices sparked fears of a spike in inflation, the blue-chip FTSE 100 cut losses in afternoon trading as Johnson unveiled a roadmap to exit the lockdown.

Johnson said the first stage would prioritise schools returning on March 8, when only minimal socialising outdoors would be allowed.

The final step, when most restrictions would be lifted, would not start until June 21 at the earliest.

British Airways owner IAG jumped 7.5% to the top of FTSE 100, while InterContinental Hotels, Wizz Air and Cineworld gained between 3.9% and 8.9%.

The pound hit three-year highs against the dollar, leaving the exporter-heavy FTSE 100 index down 0.2% at the close. [GBP/]

"Boris' slow and cautious plan to put the UK economy back on its feet has been greeted with a small bounce off the lows for the FTSE 100, but for this index to thrive, it will need a much broader global reopening effort," said Chris Beauchamp, chief market analyst at IG.

British health officials said England's vaccine campaign is significantly reducing cases, with a drop of around 70% in coronavirus infections among healthcare workers who have had a first dose of the Pfizer-BioNTech shot.

The FTSE 100 has recovered nearly 34% from its March 2020 lows and is nearly 15% away from its highest level last year, following record stimulus measures and vaccine rollouts.

However, rising bond yields and expectations of a pick-up in inflation and growth have weighed on global equity markets in recent weeks.

Oil heavyweights BP and Royal Dutch Shell jumped more than 2% as crude prices gained. [O/R]

The mid-cap index fell 0.3%, with G4S Plc sliding 9.8% as Allied Universal won a months-long takeover battle for the world's largest private security firm after Canada's GardaWorld said it would not raise its offer.

(Reporting by Shivani Kumaresan and Amal S in Bengaluru; editing by Uttaresh.V and Barbara Lewis)

By Shivani Kumaresan and Amal S


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -0.18% 302.95 Delayed Quote.18.90%
FTSE 100 0.52% 7019.53 Delayed Quote.8.65%
LONDON BRENT OIL -0.18% 66.7 Delayed Quote.29.19%
MITCHELLS & BUTLERS PLC -0.58% 310.2 Delayed Quote.28.98%
ROYAL DUTCH SHELL PLC -1.15% 16.444 Real-time Quote.12.52%
WTI -0.41% 63.072 Delayed Quote.31.44%
All news about FTSE 100
04/16World stocks at new peaks on strong China, U.S. data
RE
04/16World stocks scale fresh peaks on strong China, U.S. data
RE
04/16European Stocks Close Higher as China GDP Data Helps Lift Sentiment
MT
04/16FTSE : 100 ends second week higher on higher commodity prices, rebound bets
RE
04/16EUROPE : European stocks notch new highs as Daimler earnings lift carmakers
RE
04/16Wall Street Wavers Pre-Bell, Consolidating After Data Boost
MT
04/16European Bourses Eying Fresh Records in Midday Trading
MT
04/16Wall Street Trades Steady in US Pre-Bell Session With Futures Muted; Europe a..
MT
04/16Wall Street Steady Pre-Bell; Futures Muted, Europe Up, Asia Higher
MT
04/16European Fixed Income Update
MT
More news
News of the index components FTSE 100
08:06aASTRAZENECA  : Covid-19 Vaccine - No Diagnosed Case of Blood Clots, No Death Rec..
AQ
08:06aASTRAZENECA  : Covid-19 - Nigeria Crosses 1 Million Vaccination Threshold
AQ
05:45aExpat Americans Fly Home for Covid-19 Vaccination Shots
DJ
04/16ASTRAZENECA  : Quebec to deploy sound trucks in Montreal to announce mobile vacc..
AQ
04/16ASTRAZENECA  : Doctors say lowering age cutoff for AstraZeneca vaccine makes sen..
AQ
04/16READY, SET, GROW : Future-proof your business with cloud-based financials
PU
04/16IAG  : Credit Suisse maintains a Buy rating
MD
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop FTSE 100
Heatmap :