Travel Stocks Take Off After Reports of UK Plan to Shorten Quarantines -- Market Talk
10:11 am ET October 6, 2020 (Dow Jones) Print
1411 GMT - U.K.-listed airline and hotel stocks rise after media reports suggest the U.K. is considering a testing system to shorten the existing 14-day quarantine period for arrivals from countries deemed to be high risk. U.K. Transport Secretary Grant Shapps indicated Monday that under proposals being considered there would still be a period of quarantine, but also testing that would allow people to be released from isolation. Aircraft-engine maker Rolls-Royce Holdings tops the FTSE 100 risers, up 18%, followed by British Airways-parent IAG, up 7.5%, while InterContinental Hotels Group and Premier Inn-owner Whitbread rise 4.7% and 4.6%, respectively. Shares in airlines easyJet, Ryanair, Wizz Air and Jet2, as well as travel group TUI, also trade higher. (adria.calatayud@dowjones.com)
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