London markets open flat as travel sector rally loses steam

posted on 5th January 2022 by Eddie Saunders
London markets open flat as travel sector rally loses steam

By JACK BARNETT cityam.com

London markets opened flat this morning as a rally among travel and airline stocks lost steam.

The capital’s premier FTSE 100 index edged up 0.07 per cent to 7,510.12 points during the first hour of trading, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, lost 0.03 per cent to dip to 23,889.47 points.

The City’s flagship indexes were weighed down by airlines, hotel groups and aerospace engineers paring back some yesterday’s gains.