END OF BUSINESS: Austrian lockdown knocks down travel stocks; Ryanair Leaves London Stock Exchange; Nationwide profit more than doubled
A sharp increase in Covid cases across Europe and News that Austria will impose a complete lockdown Starting next week, the stock exchanges will be a burden today.
In London, the FTSE 100 closed 0.5 percent or 32.4 points to 7,223.6 while the FTSE 250 fell 0.4 percent or 82.13 points to 23,492.5.
In corporate news, Irish low-cost airline Ryanair has informed the UK Financial Regulator of its intention to remove itself from the London Stock Exchange.,
The Nationwide Building Society’s half-year earnings more than doubled as they benefited from the UK’s economic recovery.
Elsewhere, Bank of England’s new chief economist, Hew Pill, said the weight of the evidence was shifting towards a rate hike next month, but he had made no decision.
At an event in Bristol, he also said there was “no quick fix” to bring inflation back to the 2 percent target.
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Ryanair is leaving London after a drop in trading volume but maintaining its Dublin listing
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