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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 -0.63% fell 0.6% to 7,211.56. .

British Airways owner International Airlines Group /zigman2/quotes/208070069/delayed UK:IAG -0.77% was the worst decliner, shedding 5%. Engine maker Rolls-Royce /zigman2/quotes/203646520/delayed UK:RR -0.19% and catering group Compass /zigman2/quotes/200043088/delayed UK:CPG -0.78% also lost ground.

Airport restaurant operator SSP /zigman2/quotes/205370875/delayed UK:SSPG +1.17% was the worst FTSE 250 component, followed closely by easyJet /zigman2/quotes/202825892/delayed UK:EZJ -0.91% .

Food delivery companies however rose, with Ocado Group /zigman2/quotes/207225647/delayed UK:OCDO -0.34% and Just Eat Takeaway.com /zigman2/quotes/216303066/delayed UK:JET +0.40% . Royal Mail /zigman2/quotes/204213037/delayed UK:RMG -1.72% , which has been buoyed by deliveries, and Lysol maker Reckitt Benckiser /zigman2/quotes/206856088/delayed UK:RKT -1.06% 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
7,563.55
-47.68 -0.63%
Volume: 747,547
Jan. 18, 2022 4:58p
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/zigman2/quotes/208070069/delayed
UK : U.K.: London
165.64 p
-1.28 -0.77%
Volume: 19.86M
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£8.28 billion
Rev. per Employee
£72,726
loading...
/zigman2/quotes/203646520/delayed
UK : U.K.: London
125.66 p
-0.24 -0.19%
Volume: 24.04M
Jan. 18, 2022 4:35p
P/E Ratio
4.01
Dividend Yield
N/A
Market Cap
£10.53 billion
Rev. per Employee
£231,515
loading...
/zigman2/quotes/200043088/delayed
UK : U.K.: London
1,723.50 p
-13.50 -0.78%
Volume: 2.96M
Jan. 18, 2022 4:35p
P/E Ratio
86.18
Dividend Yield
0.81%
Market Cap
£30.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205370875/delayed
UK : U.K.: London
286.30 p
+3.30 +1.17%
Volume: 1.92M
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£2.25 billion
Rev. per Employee
£36,182
loading...
/zigman2/quotes/202825892/delayed
UK : U.K.: London
634.00 p
-5.80 -0.91%
Volume: 3.48M
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£4.84 billion
Rev. per Employee
£112,154
loading...
/zigman2/quotes/207225647/delayed
UK : U.K.: London
1,453.50 p
-5.00 -0.34%
Volume: 1.26M
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£10.81 billion
Rev. per Employee
£137,765
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/zigman2/quotes/216303066/delayed
UK : U.K.: London
3,974.00 p
+16.00 +0.40%
Volume: 93,303
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£8.41 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204213037/delayed
UK : U.K.: London
498.30 p
-8.70 -1.72%
Volume: 5.49M
Jan. 18, 2022 4:35p
P/E Ratio
5.71
Dividend Yield
4.01%
Market Cap
£5.05 billion
Rev. per Employee
£74,589
loading...
/zigman2/quotes/206856088/delayed
UK : U.K.: London
6,329.00 p
-68.00 -1.06%
Volume: 1.06M
Jan. 18, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
2.76%
Market Cap
£45.70 billion
Rev. per Employee
£345,865
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