Britain's economy shrank by a record 19.8 per cent in the second quarter, entering recession on the coronavirus lockdown.
The FTSE 350 travel and leisure index, which was tracking its worst year in a decade with a 40% fall, was down 2.3% to its lowest in nearly a month. IAG fell to the bottom of London's bluechip index, while TUI was the worst performer on the mid-caps and On The Beach underperformed the small caps.
British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores.
The Anglo-Spanish group, which also owns Iberia and Aer Lingus, just renewed a 750-million-pound ($955 million) partnership multi-year deal with American Express.
Johnson has told top civil servants to set an example by starting to return staff to their desks and he has also asked companies including Goldman Sachs to get more employees back after working from home, the newspaper said.
Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s warned on Friday, and the coronavirus crisis will push up national debt as a share of Gross Domestic Product (GDP) by nearly a quarter.
Britain’s house prices fell in annual terms for the first time since 2012 in June as the country reeled from the coronavirus shock to the economy, mortgage lender Nationwide said on Wednesday.
Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums - tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines.
Consumer price inflation increased to 0.6% in June from 0.5% in May, the Office for National Statistics said.
Britain’s high street faces more than 5,000 job cuts after two of its biggest names said that customers were unlikely to return to their old shopping habits after the coronavirus crisis, in the latest blow to the country’s ailing economy.