London Markets


(FILES) In this file photo taken on February 05, 2021 A British Airways aircraft flies over parked British Airways planes on the tarmac at London Heathrow Airport in west London on February 5, 2021.

Adrian Dennis/Agence France-Presse/Getty Images

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It was a classic rotation away from recovery plays into defensive and stay-at-home stocks after Austria announced a lockdown and Germany said it was contemplating such a move.

The FTSE 100 UKX, +1.23% fell 0.6% to 7,211.56. .

British Airways owner International Airlines Group IAG, +2.78% was the worst decliner, shedding 5%. Engine maker Rolls-Royce RR, +0.20% and catering group Compass CPG, +0.42% also lost ground.

Airport restaurant operator SSP SSPG, +4.16% was the worst FTSE 250 component, followed closely by easyJet EZJ, +1.01% .

Food delivery companies however rose, with Ocado Group OCDO, +0.75% and Just Eat JET, +7.88% . Royal Mail RMG, +2.90% , which has been buoyed by deliveries, and Lysol maker Reckitt Benckiser RKT, +0.77% advanced.

So far there’s little indication the U.K. government will join the lockdown moves, though the infection rate in the U.K. is slightly higher than Germany’s. Prime Minister Boris Johnson is counting on the rollout of boosters to slow the tide.