FTSE 100 dips, with travel stocks lower
On Friday, British shares slumped with travel sticks under pressure in the wake of a terrible terrorist attack in France.
The FTSE 100 sank 0.4%, trading at 6,628.60, heading for a fourth straight loss.
Stocks of airline EasyJet PLC as well as travel-services provider TUI AG were among the greatest losers among blue-chips. They sagged 3.8% and 1.4%, respectively, after Thursday night’s murder of 84 people in Nice.
Other travel as well as leisure stocks also edged down. British Airways parent International Consolidated Airlines PLC lost 1.6%, while cruise ship operator Carnival PLC slumped 1.3%. InterContinental Hotels Group PLC , running two Holiday Inn branded hotels in Nice, sank 0.7%.
On Thursday, the FTSE 100 tumbled 0.2%, dipping after the Bank of England shocked markets by leaving its key benchmark rate intact at 0.25%. Financial markets had priced in a rate cut as policy makers predict a challenging outlook for the UK’s economy after Brexit.