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(Reuters) - European stocks ended flat on Wednesday, with gains in economy-sensitive sectors offset by a rise in bond yields as investors raised their inflation expectations for the year.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 2, 2021. REUTERS/Staff
Consumer-oriented automobile and travel stocks were the day’s best performers, while British stocks rose after finance minister Rishi Sunak extended emergency programmes to support the economy through the COVID-19 pandemic.
A strong outlook from Stellantis boosted the automobile sector.
The pan-European STOXX 600 index ended largely unchanged after opening stronger, with utility stocks leading losses in the euro zone.
FTSE 100 investors cautiously welcome Rishi Sunak s Budget
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European stocks rally, FTSE jumps 1 3% ahead of budget
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British Airways-owner IAG calls for COVID health passes after record $9 bln loss | 26 Feb 2021 | British Airways-owner IAG is counting on digital health passes to help spur a travel recovery this summer, after the pandemic pushed it to a record 7.4 billion euro ($9 billion) loss last year, when it ran just a third of normal flights. Tighter travel restrictions over the last
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BA-owner calls for COVID health passes after record US$9 billion loss British Airways-owner IAG posted a loss of 4.37 billion euros (US$5.31 billion) for 2020 after a year of minimal flying and burning through cash, and it warned on Friday it could not say what would happen in 2021.
FILE PHOTO: British Airways aircraft are seen at Heathrow Airport in west London, Britain, February 23, 2018. REUTERS/Hannah McKay
26 Feb 2021 03:30PM (Updated:
26 Feb 2021 05:40PM) Share this content
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LONDON: British Airways-owner IAG is counting on digital health passes to help spur a travel recovery this summer, after the pandemic pushed it to a record 7.4 billion euro (US$9 billion) loss last year, when it ran just a third of normal flights.