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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 +1.88% , 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 +3.95% , as well as home-improvement chain Kingfisher /zigman2/quotes/200571451/delayed UK:KGF +0.36% .

U.K. banks, however, advanced, with gainers for Barclays /zigman2/quotes/208409333/delayed UK:BARC +2.51% , NatWest Group /zigman2/quotes/209265718/delayed UK:NWG +1.68% and Lloyds Banking Group /zigman2/quotes/202285510/delayed UK:LLOY +0.76% . The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.6407% 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 +0.76% , with stocks globally retreating in the face of negative news out of Asia, and in particular India /zigman2/quotes/210597966/delayed IN:1 +0.52% , 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
607.00 p
+11.20 +1.88%
Volume: 1.66M
May 7, 2021 4:35p
P/E Ratio
48.33
Dividend Yield
0.74%
Market Cap
£5.14 billion
Rev. per Employee
£375,396
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/zigman2/quotes/207225647/delayed
UK : U.K.: London
1,975.00 p
+75.00 +3.95%
Volume: 2.27M
May 7, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£14.04 billion
Rev. per Employee
£125,244
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/zigman2/quotes/200571451/delayed
UK : U.K.: London
£ 363.50
+1.30 +0.36%
Volume: 3.77M
May 7, 2021 4:35p
P/E Ratio
13.01
Dividend Yield
0.02%
Market Cap
£7.62 billion
Rev. per Employee
N/A
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/zigman2/quotes/208409333/delayed
UK : U.K.: London
181.54 p
+4.44 +2.51%
Volume: 57.93M
May 7, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.55%
Market Cap
£30.07 billion
Rev. per Employee
£332,602
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/zigman2/quotes/209265718/delayed
UK : U.K.: London
£ 200.00
+3.30 +1.68%
Volume: 11.96M
May 7, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
0.02%
Market Cap
£22.74 billion
Rev. per Employee
£237,730
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/zigman2/quotes/202285510/delayed
UK : U.K.: London
46.56 p
+0.35 +0.76%
Volume: 122.31M
May 7, 2021 4:35p
P/E Ratio
38.48
Dividend Yield
1.22%
Market Cap
£32.77 billion
Rev. per Employee
£554,080
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3981
+0.0089 +0.6407%
Volume: 0.0000
May 7, 2021 4:59p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,129.71
+53.54 +0.76%
Volume: 605,971
May 7, 2021 4:59p
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/zigman2/quotes/210597966/delayed
IN : India: Bombay
49,206.47
+256.71 +0.52%
Volume: 0.00
May 7, 2021 3:30p
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