Worries about a resurgence of Covid infections continue to weigh on Cineworld shares, which fell another 4.6 per cent this morningTravel and leisure shares extended their recent slide as the market continues to fret over the Delta variant. City traders suggested that investors were positioning themselves in case of a reintroduction of restrictions later in the year. “People are freaking out about the Delta variant,” said one. SponsoredEarlier in the week, Ivor Jones, a leisure analyst at Peel Hunt, warned against buying Cineworld shares despite their summer sell-off given the “risk that Covid-19 flares up at just the wrong time” forcing cinemas to shut again. Cineworld, not for the first time of late, slumped to the bottom of the City leaderboard again this morning, with the shares dropping another 3p, or 4.6 per cent, to sit at 65¼p — their lowest since early January.

Source: The Times July 14, 2021 10:52 UTC