The stocks to buy as Boris Johnson sets out new freedoms
Shares in travel and leisure companies tipped for gains as coronavirus restrictions lift
11 May 2021 • 2:59pm
The reopening of the economy is set to fire up the share prices of companies which will finally be able to welcome customers once again.
Prime Minister Boris Johnson has confirmed that from May 17 restrictions will be lifted on indoor seating in England s pubs and restaurants, hotels will be able to open and holidays to green-listed countries can go ahead. If the roadmap for lifting lockdown continues as planned, all limits on social contact will be removed by June 21
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Europe posts longest win streak since 2019
Reuters
European stocks on Friday were subdued, but marked their longest weekly winning streak since November 2019 as hopes of a rapid recovery in economic growth offset doubts over the eurozone’s COVID-19 vaccination program.
The pan-European STOXX 600 index was up 0.08 percent at 437.23 and posted a weekly increase of 1.16 percent after hitting an all-time high at the open, while the UK’s blue-chip FTSE 100 slipped 0.38 percent to 6,915.75, but rose 2.65 percent from a week earlier.
Global sentiment was underpinned by the US Federal Reserve’s pledge to keep its super-easy policy in place, even as data showed the world’s largest economy kicking into higher gear.