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Nov. 19, 2021, 8:05 a.m. EST

Recovery plays slump in London after Austria lockdown

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By Steve Goldstein

It was a classic rotation away from recovery plays into defensive and stay-at-home stocks after Austria announced a lockdown and Germany said it was contemplating such a move.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.69% fell 0.6% to 7,211.56. .

British Airways owner International Airlines Group /zigman2/quotes/208070069/delayed UK:IAG +0.38% was the worst decliner, shedding 5%. Engine maker Rolls-Royce /zigman2/quotes/203646520/delayed UK:RR +2.17% and catering group Compass /zigman2/quotes/200043088/delayed UK:CPG +0.21% also lost ground.

Airport restaurant operator SSP /zigman2/quotes/205370875/delayed UK:SSPG -0.67% was the worst FTSE 250 component, followed closely by easyJet /zigman2/quotes/202825892/delayed UK:EZJ +0.93% .

Food delivery companies however rose, with Ocado Group /zigman2/quotes/207225647/delayed UK:OCDO +0.20% and Just Eat Takeaway.com /zigman2/quotes/216303066/delayed UK:JET +1.07% . Royal Mail /zigman2/quotes/204213037/delayed UK:RMG -1.50% , which has been buoyed by deliveries, and Lysol maker Reckitt Benckiser /zigman2/quotes/206856088/delayed UK:RKT +0.70% advanced.

So far there’s little indication the U.K. government will join the lockdown moves, though the infection rate in the U.K. is slightly higher than Germany’s. Prime Minister Boris Johnson is counting on the rollout of boosters to slow the tide.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,490.97
+51.23 +0.69%
Volume: 236,543
Aug. 8, 2022 1:35p
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/zigman2/quotes/208070069/delayed
UK : U.K.: London
120.20 p
+0.46 +0.38%
Volume: 3.05M
Aug. 8, 2022 1:34p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£5.93 billion
Rev. per Employee
£232,926
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
84.80 p
+1.80 +2.17%
Volume: 10.31M
Aug. 8, 2022 1:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£6.95 billion
Rev. per Employee
£264,977
loading...
/zigman2/quotes/200043088/delayed
UK : U.K.: London
1,911.50 p
+4.00 +0.21%
Volume: 524,218
Aug. 8, 2022 1:35p
P/E Ratio
46.47
Dividend Yield
1.22%
Market Cap
£33.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205370875/delayed
UK : U.K.: London
252.50 p
-1.70 -0.67%
Volume: 147,856
Aug. 8, 2022 1:30p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£2.02 billion
Rev. per Employee
£59,885
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/zigman2/quotes/202825892/delayed
UK : U.K.: London
403.60 p
+3.70 +0.93%
Volume: 533,955
Aug. 8, 2022 1:34p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.02 billion
Rev. per Employee
£208,923
loading...
/zigman2/quotes/207225647/delayed
UK : U.K.: London
882.40 p
+1.80 +0.20%
Volume: 246,614
Aug. 8, 2022 1:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£7.17 billion
Rev. per Employee
£126,159
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/zigman2/quotes/216303066/delayed
UK : U.K.: London
1,565.40 p
+16.60 +1.07%
Volume: 52,983
Aug. 8, 2022 1:28p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£3.34 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204213037/delayed
UK : U.K.: London
275.70 p
-4.20 -1.50%
Volume: 712,849
Aug. 8, 2022 1:32p
P/E Ratio
4.49
Dividend Yield
7.25%
Market Cap
£2.68 billion
Rev. per Employee
£70,997
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/zigman2/quotes/206856088/delayed
UK : U.K.: London
6,656.00 p
+46.00 +0.70%
Volume: 772,596
Aug. 8, 2022 1:35p
P/E Ratio
15.67
Dividend Yield
2.62%
Market Cap
£47.30 billion
Rev. per Employee
£258,570
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