Concerns for the summer holiday season weighed on airline stocks, with the British Airways owner IAG, Easyjet and Wizz Air all fallingBritish shares began the week on the back foot amid lingering doubts about the durability of the global economic recovery in the face of the fast-spreading Delta variant. Those concerns were first aired last Thursday when European stock markets took a tumble, although they recovered a lot of the lost ground on Friday. Sponsored“Volatility is likely to persist as negative headlines continue,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said. At the weekend Germany and France warned their citizens against travelling to Spain, which has now overtaken Portugal as the country with the highest infection rate in mainland Europe. With the summer holiday season looking in doubt for the second year in a row, travel stocks were once again friendless this

Source: The Times July 12, 2021 11:03 UTC