The City’s big investors once again rushed to ditch their travel and leisure shares over lingering concerns about the potential effect of the Delta variant. The talk in the Square Mile was that investors don’t want to risk being stuck in those two sectors during the summer lull should governments decide to reverse ferret and bring back some restrictions in response to the Delta variant. SponsoredFrom July to September, trading volumes tend to drop, which can make it tricky to reduce big positions without taking a hit. “People are freaking out about the Delta variant,” said one City trader. We’re expecting quite a low-volume summer so they’re selling when they can rather than when they

Source: The Times July 14, 2021 19:41 UTC