Airlines, retailers and leisure groups all surge as the UK looks to reopen
Thursday 28 May 2020 Author: Tom Sieber
Hopes of a return to a ‘new normal’ saw consumer-facing stocks stage a significant rally as the UK announced plans for reopening of retail businesses. This news, combined with an update on another potential vaccine – developed by US firm Novavax – and a plan approved by chancellor Rishi Sunak to bail out strategically important businesses, saw retail, travel and leisure shares surge. There is speculation that Sunak’s so-called...