The bargain stocks left behind by Britain s booming market
While the FTSE has recovered its pandemic losses, some stocks are cheaper than before Covid struck
Shares at IAG, which owns British Airways, are 50pc below their pre-pandemic level
Credit: Steve Parsons
Britain’s stock market has recovered from its pandemic lows but bargain-hunting investors can still find stocks trading much more cheaply than before share prices went spiralling.
The FTSE All-Share index, a barometer for British stocks, has now reclaimed all of its 30pc fall in March last year, once dividends are included. This is after a rally that started on positive vaccine news in November and gathered pace as restrictions have been lifted.
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Air France-KLM has reported a €1.2 billion loss for the first quarter of 2021.
As government lockdowns to control Covid-19 continued across Europe, the group flew 4.8 million passengers during the quarter.
The figure represents a fall of 73 per cent year-on-year.
In a statement the carrier added: “Due to the stricter lockdown in France until at least the beginning of May, continuation of the lockdown in the Netherlands and travel restrictions worldwide still in place, the group anticipates the beginning of the second quarter to be similar to the first quarter whereby the customer booking behaviour is still short-term oriented.
“The key to reduce travel restrictions and reopen borders is a rapid rollout of wide-scale vaccination.”
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