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Market Report: FTSE fails to take off as travel stocks continue to suffer

The FTSE has got off to a pretty lacklustre start this Monday morning.Concerns over a second wave of coronavirus, the US /China trade war as well as a recent flow of disappointing economic data saw it open just 4 points higher at 6,093. However China’s pledge to pump US$101bn into the financial system is helping to stem the losses. 

This modest relief meant that miners such as Anglo American (LON:AAL) and Rio Tinto (LON:RIO) are both up on the back of the momentum. Once again it’s the travel stocks that are struggling thanks to fears international travel restrictions will be accelerated.

Tour operator TUI (LON:TUI) and cruise operator Carnival (LON:CCL) are among the worst performers so far. 

Elsewhere - Westminster Group PLC (LON:WSG) has announced the launch of its online training catalogue, following its alliance agreement with JP International Training Limited.

Technology and software investment company KRM22 (LON:KRM), is gaining after landing a major customer contract for a suite of its risk management products.

Live Company Group (LON:LVCG) got off to a flying start after news it has managed to restructure its balance sheet through a number of moves including the closure of an equity sharing agreement.

And finally BATM Advanced Communications Limited (LON:BVC) said it now expects its full-year results to be “significantly ahead of market expectations” following a big jump in earnings in its first half.

Quick facts: Anglo American PLC

Price: 1984.4 GBX

Market: LSE
Market Cap: £27.05 billion

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