FTSE 100 goes down as airlines warn on hit from terrorism
On Thursday, British stocks retreated from an 11-month peak, as travel stocks sagged on worries that bookings are down in response to recent terrorist attacks.
The FTSE 100 headed south 0.3%, trading at 6,709.20, although the industrial as well as basic materials sectors showed revenues. On Wednesday, the blue-chip index soared 0.5% to mark its best close since August 10. Thursday’s loss would be its first in five trading sessions.
On Thursday, EasyJet PLC was dragged to the bottom of the index. Shares headed south 6.1% after the airline told currency volatility and the recent events in Turkey and Nice keep influencing consumer confidence.”
Apart from that, on Thursday, German airline Deutsche Lufthansa warned that terrorism concerns have prompted a sag in bookings by passengers. Its stocks dipped almost 8% in Frankfurt.
Last Thursday, more than 80 people were murdered in a terrorist attack on Nice’s beachfront. Besides this, the previous week, a failed coup attempt in Turkey generated the deaths of more than 260 people. It followed a June 28 attack at Istanbul’s airport, which caused 41 people die.