UK jobless rate highest since 2016; reopening hopes lift travel shares; tech stocks slide – business live
Rolling coverage of the latest economic and financial news
- Latest: Tesla slides 9% amid tech selloff
- Bitcoin tumbles from record high
- UK travel and hospitality shares rally
- UK jobless rate highest in almost five years
- CIPD: Chancellor should extend furlough scheme
European stock markets had a mixed day, with small gains in London and Paris, but losses in Frankfurt and Milan.
Spain’s IBEX was the outperformer, though, jumping by 1.7%. Real estate firms, consumer cyclicals and banks were the best performers — all firms that would benefit from an easing of lockdown restrictions.
Gordon Ramsay has suffered his own kitchen nightmare during the pandemic with his restaurant empire missing out on nearly £60m of trade.
The celebrity chef said that in December his 35 UK restaurants had £10m worth of reservations “wiped out overnight” when coronavirus restrictions were reimposed.
Related: Gordon Ramsay: my restaurants are £60m down thanks to Covid
