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Market wrap: Leisure stocks drop despite reopenings

Despite lockdown restrictions lifting further, there seemed to be little enthusiasm for leisure stocks in trading at the start of the week. Many dropped in trading today, as investors weigh reopenings against concerns over a new variant of Covid-19.

The Restaurant Group, which owns brands including Wagamama and Frankie & Benny’s, was the biggest faller in the FTSE 350, falling by 6.7% to a month low of 120p a share.

Also trading down were SSP Group, the company behind train station eatery Upper Crust (-4.7%), pub group Wetherspoon (-3.25%) and Whitbread (-3%).

The FTSE 100 ended the day down by 0.2% at 7,032. The FTSE 250 was down 0.6% at 22,214. 

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Image © Buffik/Pixabay

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