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Nov. 24, 2020, 11:39 a.m. EST

BP and Shell lead FTSE 100 higher on recovery hopes

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By Steve Goldstein

Investors snapped up hard-hit energy and travel stocks on Tuesday, gaining ground in anticipation of the U.K. and global economy returning to normal when COVID-19 vaccines are made available.

Led higher by integrated oil companies BP /zigman2/quotes/202286639/delayed UK:BP -2.98% and Royal Dutch Shell , the FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.46% rose 1.3%. News that the presidential transition in the U.S. was under way provided a further spark to sentiment from the third straight Monday in which positive COVID-19 vaccine news was announced.

Companies exposed to the travel sector also advanced, with engine maker Rolls-Royce /zigman2/quotes/203646520/delayed UK:RR +1.83% and hotels operator Whitbread /zigman2/quotes/207954631/delayed UK:WTB 0.00% each rallying.

Catering giant Compass /zigman2/quotes/200043088/delayed UK:CPG +0.05% rose 4%, after reporting a 78% drop in fiscal year ending Sept. 30 adjusted earnings per share, and didn’t pay a final dividend. Bank of America analysts said the margin guidance was encouraging but the volumes recovery is likely to be gradual.

Outside the FTSE 100, infrastructure software maker Micro Focus /zigman2/quotes/207956281/delayed UK:MCRO 0.00% , catering company SSP /zigman2/quotes/205370875/delayed UK:SSPG +2.10% , travel conglomerate TUI /zigman2/quotes/207049334/delayed UK:TUI +0.66% and cruise operator Carnival /zigman2/quotes/210414141/delayed UK:CCL -3.20% each sported double-digit gains.

/zigman2/quotes/202286639/delayed
UK : U.K.: London
474.85 p
-14.60 -2.98%
Volume: 5.26M
Dec. 2, 2022 8:44a
P/E Ratio
N/A
Dividend Yield
4.16%
Market Cap
£89.87 billion
Rev. per Employee
£2.66M
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,523.39
-35.10 -0.46%
Volume: 46,397
Dec. 2, 2022 8:44a
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
88.52 p
+1.59 +1.83%
Volume: 2.41M
Dec. 2, 2022 8:44a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£7.61 billion
Rev. per Employee
£264,977
loading...
/zigman2/quotes/207954631/delayed
UK : U.K.: London
2,606.00 p
0.00 0.00%
Volume: 23,837
Dec. 2, 2022 8:44a
P/E Ratio
16.84
Dividend Yield
2.27%
Market Cap
£5.21 billion
Rev. per Employee
£64,522
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/zigman2/quotes/200043088/delayed
UK : U.K.: London
1,867.50 p
+1.00 +0.05%
Volume: 153,939
Dec. 2, 2022 8:43a
P/E Ratio
45.40
Dividend Yield
1.69%
Market Cap
£32.90 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207956281/delayed
UK : U.K.: London
522.20 p
0.00 0.00%
Volume: 386,957
Dec. 2, 2022 8:24a
P/E Ratio
N/A
Dividend Yield
4.25%
Market Cap
£1.77 billion
Rev. per Employee
£177,642
loading...
/zigman2/quotes/205370875/delayed
UK : U.K.: London
214.40 p
+4.40 +2.10%
Volume: 41,536
Dec. 2, 2022 8:43a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£1.69 billion
Rev. per Employee
£59,885
loading...
/zigman2/quotes/207049334/delayed
UK : U.K.: London
145.60 p
+0.95 +0.66%
Volume: 140,678
Dec. 2, 2022 8:41a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£2.63 billion
Rev. per Employee
£206,202
loading...
/zigman2/quotes/210414141/delayed
UK : U.K.: London
702.60 p
-23.20 -3.20%
Volume: 124,525
Dec. 2, 2022 8:44a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£10.33 billion
Rev. per Employee
N/A
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