U.K. Travel and Leisure Stocks Slide on Restrictions Report
- Work-from-home mandate could be announced Wednesday, FT says
- Airlines, train-operators, pubs and cinema-operators all fall
Passengers stand near a sign for a Covid-19 testing centre at London Heathrow Airport Ltd. in London, U.K.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
U.K. travel and leisure stocks fell Wednesday after a report saying Prime Minister Boris Johnson will announce fresh restrictions in England to curb the spread of the omicron Covid-19 variant.
Pub and eatery operators Restaurant Group Plc and J D Wetherspoon Plc dropped as much as 6.8% and 4.7% respectively, while movie theatre-operator Cineworld Group Plc lost 8%, as the Financial Times said Downing Street had decided to implement a “Plan B” of measures -- including an order to work from home -- citing three officials.