Travel and leisure stocks rejoice on summer holiday hopes

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Cineworld (L:CINE), Tui (L:TUIT), British Airways-owner IAG (L:ICAG), easyJet (L:EZJ) and Whitbread (L:WTB) shares jumped 15% to 30%, driving London stock indices sharply higher.

The German government wants to end a travel warning for tourist trips to 31 European countries from June 15 if the coronavirus situation allows, the dpa new agency reported, according to the magazine Focus. Spain urged foreign holiday-makers to return from July.

After a long holiday weekend, London-listed stocks were playing catch-up with continental European stocks which soared on Monday. The travel and leisure stocks sub-index jumped to its highest levels since April 30.

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