UK hospitality and travel shares tumble after hints of second lockdown

British Airways’ owner IAG down 11% on FTSE100 as traders spooked by further restrictions

Shares in airlines, hotel groups and pub companies have tumbled, after it emerged that the government is weighing up tough new “circuit break” restrictions to avert a second wave of Covid-19 infections.

International Airlines Group, which owns British Airways, was the biggest loser on the FTSE100, down nearly 11% by mid-morning, while the aircraft engine maker Rolls-Royce was not far behind, down 7%, and easyJet fell nearly 8%.

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