United KingdomFTSE 100 edges lower as stronger pound offsets gains in miners
Shivani KumaresanDevik Jain
4 minute read
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
London s FTSE 100 dipped on Monday as weakness in industrial stocks and a stronger pound following the outcome of the Scottish election outweighed gains in miners.
The exporter-heavy index (.FTSE) dipped 0.1%, with large dollar-earning consumer staples companies, including Diageo (DGE.L), British American Tobacco (BATS.L) and Relx Plc (REL.L) slipping between 0.7% and 2.3% as the pound strengthened.
The pound climbed to as high as $1.4158, its strongest in more than two months. GBP=
Travellers arrive at Heathrow Airport in London, on May 3, 2021 - Reuters
LONDON (Reuters): Britain will allow international travel to resume from May 17 after months of banning most trips abroad, but nearly all major destinations were left off its list of countries open for quarantine-free holidays.
Just 12 countries and territories made the so-called “green list”. They include Portugal, Israel, New Zealand, Australia, Singapore and the tiny Faroe Islands. The top four destinations - Spain, France, Italy and the United States - were among those left off, angering stricken airlines and holiday companies battling for survival. Those four sit in the amber category, requiring self-isolation for those returning to the UK.
08/05/2021
Related: New South Wales Premier labels New Zealand travel pause an overreaction . Credits: Video - Newshub; Image - file
Britain will allow international travel to resume from May 17 but just a handful of countries made a list of destinations open for quarantine-free holidays as the government cautiously lifts coronavirus restrictions.
The green list for easier travel announced on Friday (UK time) included just 12 countries and territories, among them Portugal, Israel, New Zealand, Australia and the Faroe Islands.
That angered stricken airlines and holiday companies that are battling for survival after a year of minimal flying.
Left off the list were Spain, France, Italy and the United States, the top four most visited countries by UK residents in 2019, which all sit in the amber category, requiring self-isolation on return to the UK.
The Straits Times
Travellers arrive at Heathrow Airport in London, on May 3, 2021.PHOTO: EPA-EFE
PublishedMay 8, 2021, 12:34 am SGT
https://str.sg/Jt8w
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British Airways-owner IAG cautious on short term flying recovery
By Sarah Young
Reuters
LONDON (Reuters) -British Airways-owner IAG on Friday forecast only a minimal pick-up in capacity to 25% for the April to June quarter, remaining cautious despite hopes that European travel will start to recover from late May onwards.
The rise to 25% of 2019 s capacity puts IAG s plans behind those of competitor airlines, and compares to the 19.6% of capacity that it flew in the January to March quarter as the coronavirus pandemic continued to restrict travel.
IAG chief executive Luis Gallego said in a statement the airline was ready to fly but government action is needed .