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Jan. 4, 2022, 8:28 a.m. EST

Travel stocks rally as FTSE 100 jumps to kick off new year trade

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By Steve Goldstein

U.K. stocks surged Tuesday to kick off the new year, with reopening plays rallying and stay-at-home stocks languishing.

The FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +1.19% surged 1.4% after a three-day break. Across the London Stock Exchange, airline and travel stocks surged, led by a 13% rally for Wizz Air /zigman2/quotes/210449062/delayed UK:WIZZ +0.78% , the Central European focused carrier that nearly quadrupled its December passenger traffic.

International Airlines Group /zigman2/quotes/208070069/delayed UK:IAG +2.11% , TUI /zigman2/quotes/207049334/delayed UK:TUI -3.68% , easyJet /zigman2/quotes/202825892/delayed UK:EZJ +3.15% and Carnival /zigman2/quotes/210414141/delayed UK:CCL -2.96% each surged on hopes for the travel sector. A 5 p.m. news conference scheduled by U.K. Prime Minister Boris Johnson to address rising omicron infections is not expected to result in tighter restrictions.

On the flip side, veterinary drugmaker Dechra Pharmaceuticals /zigman2/quotes/209485565/delayed UK:DPH +1.47% and grocery delivery firm Ocado /zigman2/quotes/207225647/delayed UK:OCDO +1.59% each struggled.

“Investors prefer focusing on a glass half full rather than a glass half empty at the start of the year,” said Ipek Ozkardeskaya, senior analyst at Swissquote.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,389.98
+87.24 +1.19%
Volume: 722,321
May 20, 2022 4:56p
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/zigman2/quotes/210449062/delayed
UK : U.K.: London
3,085.00 p
+24.00 +0.78%
Volume: 223,373
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£3.18 billion
Rev. per Employee
£250,991
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
125.08 p
+2.58 +2.11%
Volume: 16.76M
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£6.21 billion
Rev. per Employee
£128,176
loading...
/zigman2/quotes/207049334/delayed
UK : U.K.: London
201.50 p
-7.70 -3.68%
Volume: 16.49M
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.27 billion
Rev. per Employee
£142,915
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/zigman2/quotes/202825892/delayed
UK : U.K.: London
517.40 p
+15.80 +3.15%
Volume: 5.33M
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.91 billion
Rev. per Employee
£112,154
loading...
/zigman2/quotes/210414141/delayed
UK : U.K.: London
976.20 p
-29.80 -2.96%
Volume: 832,858
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£11.90 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209485565/delayed
UK : U.K.: London
3,450.00 p
+50.00 +1.47%
Volume: 710,962
May 20, 2022 4:35p
P/E Ratio
51.51
Dividend Yield
1.20%
Market Cap
£3.74 billion
Rev. per Employee
£324,354
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/zigman2/quotes/207225647/delayed
UK : U.K.: London
754.80 p
+11.80 +1.59%
Volume: 1.24M
May 20, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£5.60 billion
Rev. per Employee
£129,131
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