FTSE 100 movers: Travel stocks rally; Ocado retreats
London’s FTSE 100 was flat at 6,610.86 in afternoon trade on Tuesday.
Shopping centre owners Land Securities and British Land rallied amid the prospect of easing restrictions and the reopening of non-essential stores in April.
Engine maker Rolls-Royce, catering group Compass, British Airways owner IAG and GKN owner Melrose were all higher, as budget airline easyJet said there had been a surge in bookings after Prime Minister Boris Johnson outlined the government’s lockdown exit strategy on Monday.
Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: "Although international travel won’t begin until at least 17th May, news that the government’s global taskforce will reconvene in April to recommend how holidays can resume has been a boost for the industry which has been anxious for a sense of direction."
On the downside, Just Eat and Ocado - both of which have benefitted from lockdowns and restrictions - were in the red.
FTSE 100 - Risers
Land Securities Group (LAND) 661.50p 5.40%
British Land Company (BLND) 500.60p 5.30%
Rolls-Royce Holdings (RR.) 109.95p 4.27%
Informa (INF) 556.40p 3.69%
BAE Systems (BA.) 484.90p 2.78%
Compass Group (CPG) 1,525.00p 2.62%
Pennon Group (PNN) 890.40p 2.60%
International Consolidated Airlines Group SA (CDI) (IAG) 182.70p 2.58%
Associated British Foods (ABF) 2,464.00p 2.37%
Melrose Industries (MRO) 173.10p 2.15%
FTSE 100 - Fallers
Scottish Mortgage Inv Trust (SMT) 1,180.00p -6.87%
Avast (AVST) 451.20p -4.93%
Evraz (EVR) 542.60p -4.30%
Polymetal International (POLY) 1,477.50p -4.15%
Just Eat Takeaway.Com N.V. (CDI) (JET) 6,908.00p -3.60%
Aveva Group (AVV) 3,497.00p -3.34%
Glencore (GLEN) 295.15p -3.09%
Flutter Entertainment (FLTR) 13,695.00p -3.08%
Ocado Group (OCDO) 2,331.00p -2.92%
Antofagasta (ANTO) 1,820.50p -2.62%
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