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Evening Standard
Evening Standard
Business
Graeme Evans

FTSE 100 Live: Travel stocks higher despite Covid-19 rules, wild weekend for bitcoin

Travel-based stocks are among those higher today as the London market continues to shake off uncertainty around the Omicron variant.

British Airways owner IAG rose and the FTSE 100 index rallied, despite the return of pre-departure Covid-19 checks in UK airports.

The improvement in London followed a weak session for Asia markets after debt-laden developer Evergrande said it could not guarantee having enough funds to meet repayments.

The price of bitcoin was also closely watched after the cryptocurrency slumped by $10,000 in a matter of minutes on Saturday. It has since steadied to stand at just over $48,000.

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