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April 12, 2021, 8:11 a.m. EDT

Investors rotate from COVID beneficiaries to banks as England opens up

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By Steve Goldstein

There was some rotation on Monday away from stocks that thrived during the COVID-19 pandemic and into the banking sector, as England opened its doors to pubs and hairdressers.

Rightmove /zigman2/quotes/201303150/delayed UK:RMV -1.24% , the U.K. housing website operator, dropped over 3%, the worst performing component in the FTSE 100. Also lower was supermarket delivery company Ocado /zigman2/quotes/207225647/delayed UK:OCDO -1.20% , as well as home-improvement chain Kingfisher /zigman2/quotes/200571451/delayed UK:KGF +0.35% .

U.K. banks, however, advanced, with gainers for Barclays /zigman2/quotes/208409333/delayed UK:BARC +1.00% , NatWest Group /zigman2/quotes/209265718/delayed UK:NWG +0.79% and Lloyds Banking Group /zigman2/quotes/202285510/delayed UK:LLOY +0.84% . The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD -0.1809% also rose.

Monday marked the reopening date for outdoor pubs, shops and hairdressers in England.

The mini rotation came amid a decline for the FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.20% , with stocks globally retreating in the face of negative news out of Asia, and in particular India /zigman2/quotes/210597966/delayed IN:1 -0.17% , on coronavirus cases.

Read: Brits bent on spending spree as pubs, shops, gyms and hairdressers reopen in England

/zigman2/quotes/201303150/delayed
UK : U.K.: London
702.80 p
-8.80 -1.24%
Volume: 1.45M
Oct. 22, 2021 4:35p
P/E Ratio
39.93
Dividend Yield
1.07%
Market Cap
£5.98 billion
Rev. per Employee
£375,396
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/zigman2/quotes/207225647/delayed
UK : U.K.: London
1,816.50 p
-22.00 -1.20%
Volume: 479,673
Oct. 22, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£13.45 billion
Rev. per Employee
£125,244
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/zigman2/quotes/200571451/delayed
UK : U.K.: London
£ 341.80
+1.20 +0.35%
Volume: 3.50M
Oct. 22, 2021 4:35p
P/E Ratio
8.74
Dividend Yield
0.03%
Market Cap
£7.16 billion
Rev. per Employee
£153,922
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/zigman2/quotes/208409333/delayed
UK : U.K.: London
198.86 p
+1.96 +1.00%
Volume: 28.63M
Oct. 22, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
1.51%
Market Cap
£33.43 billion
Rev. per Employee
£332,602
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/zigman2/quotes/209265718/delayed
UK : U.K.: London
£ 230.30
+1.80 +0.79%
Volume: 10.04M
Oct. 22, 2021 4:35p
P/E Ratio
15.25
Dividend Yield
0.03%
Market Cap
£26.23 billion
Rev. per Employee
£237,730
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/zigman2/quotes/202285510/delayed
UK : U.K.: London
48.73 p
+0.41 +0.84%
Volume: 92.01M
Oct. 22, 2021 4:35p
P/E Ratio
7.41
Dividend Yield
2.54%
Market Cap
£34.58 billion
Rev. per Employee
£554,080
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3797
-0.0025 -0.1809%
Volume: 0.0000
Oct. 22, 2021 4:59p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,204.55
+14.25 +0.20%
Volume: 464,760
Oct. 22, 2021 4:57p
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/zigman2/quotes/210597966/delayed
IN : India: Bombay
60,821.62
-101.88 -0.17%
Volume: 0.00
Oct. 22, 2021 3:30p
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