Hospitality shares slip amid freedom day delay speculation
A host of hospitality firms saw share prices slide on the markets today as speculation grew that the next stage of the UK’s roadmap out of lockdown could be delayed.
A sharp increase in the number of Brits testing positive for Covid-19 has raised the possibility that Government may move the mooted June 21 unlocking date backwards, though there is yet to be any significant uptick in hospitalisations or deaths.
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Cineworld saw shares drop by 1.2 per cent as investors hedged their bets.
Wagamama owner The Restaurant Group fared even worse, with shares slipping by more than two per cent.
Investors across the world are keeping a close eye on Covid caseloads and specifically on the link between case increases and hospitalisations.
Most scientists believe the correlation between the two has been broken in countries with high levels of vaccination, such as the UK.
Former PM Theresa May told the Commons today that further restrictions on the grounds that variants of the Covid-19 virus could emerge was unjustifiable.
The Tory grandee said the economy should be unlocked in line with the vaccine rollout.
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