London’s biggest markets made gains as travel firms were pushed higher by the decision to scrap the need for US and EU travellers who are fully vaccinated to quarantine on arrival.
London’s biggest markets made gains as travel firms were pushed higher by the decision to scrap the need for US and EU travellers who are fully vaccinated to quarantine on arrival. A slew of positive earnings announcements had already put traders in good spirits before the announcement helped spark a number of recently pressurised companies into the green. The FTSE 100 closed 20.55 points, or 0.29%, higher at 7,016.63 on Wednesday. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: “A big sigh of relief has rippled through the travel and aviation sector with the confirmation from the UK Transport Secretary that double jabbed arrivals from the US and the European Union will no longer have to isolate. “Speculation that a decision was imminent had pushed up shares in British Airways owner IAG which is heavily reliant on transatlantic bookings. “Rolls-Royce was also among the FTSE 100 risers, given that the group’s bread and butter comes from servicing and delivering wide body aircraft engines, which are used primarily for long-haul flights.
