UK travel, leisure stocks plummet on reports of tougher COVID-19 thresholds – Community News
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UK travel, leisure stocks plummet on reports of tougher COVID-19 thresholds

December 8 (Reuters) – UK travel and leisure stocks fell on Wednesday after media reported the country could impose stricter COVID-19 rules as early as Thursday in an attempt to contain the spread of the Omicron variant of the coronavirus.

The UK travel and leisure index (.FTNMX405010) fell a whopping 1.5%. It later cut losses to trade 0.5% lower after BioNTech and Pfizer (PFE.N) said a three-shot course of their vaccine could neutralize the Omicron variant. read more

Airlines Easyjet (EZJ.L), Wizz Air (WIZZ.L) and British Airways owner IAG (ICAG.L), and public transport operators FirstGroup (FGP.L), Stagecoach (SGC.L) and National Express (NEX.L) ) fell between 2.5% and 4%.

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Leisure stocks such as cinema chain operator Cineworld (CINE.L), pubs Wetherspoon (JDW.L) and Mitchells & Butlers (MAB.L) and Restaurant Group (RTN.L) fell 2% to 5%.

The stricter rules could include advice to work from home, as well as COVID-19 passports for major locations, the reports said. read more

A spokesman for British Prime Minister Boris Johnson’s office did not immediately comment on the reports.

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Reporting by Yadarisa Shabong in Bengaluru; edit by Uttaresh.V

Our Standards: The Thomson Reuters Trust Principles.