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Highlights
- The slowdown in the economic recovery due to the recent surge in Covid-19 cases and supply chain disruptions have been weighing down the stock markets.
- Ryanair Holdings Plc, Rolls Royce Holdings Plc and Wetherspoon Plc are in focus with different individual developments.
Britain’s blue-chip index FTSE100 ended last week with the loss of over 1.5%, posting its worst weekly performance since mid-August. As per the market experts, a key reason for the decline in the stock market last week was the slowdown in the economic recovery due to the recent surge in Covid-19 cases and supply chain disruptions, especially the shortage of skilled labour force.
Experts predict skilled labour shortage in the UK could continue to impact the economy as Britain is not able to attract workforce from the European Union after the Brexit. Also, the training and development of the workforce are disrupted by the pandemic. Therefore, employee shortage and supply chain disruption could continue to impact the company’s operations and stock performance in the near future.
Let us look at 3 FTSE listed stocks that are in focus today:
Ryanair Holdings Plc (LON:RYA)
The company provides passenger airlines services covering all major destinations in the European countries. The company has a fleet of over 450 aircraft, while the company’s stock is a constituent of the FTSE250 index.
Ryanair Holding Plc Chief, Michael O'Leary has said in an interview that there will be a recovery in the holiday tourism within Europe next year and has warned that a huge surge in demand for holidays could lead to prices rise for flights and hotels as massive demand would coincide with fewer flights. As per the company, Ryanair operated 71,000 flights with total passenger traffic of 11.1 million in August 2021.
Ryanair Holdings Plc currently trades at EUR 15.80, up by 2.20% on 13 September 2021 at 9:20 am GMT+1 with a market cap of £15,181 million.
Rolls-Royce Holdings Plc (LON: RR.)
The company focuses on the aerospace and defence sector business. It is one of the largest aircraft engine makers globally.
The company announced that it has agreed to sell its 23.1% stake in AirTanker Holdings Limited to Equitix Investment Management Limited for a cash transaction of £189 million. The transaction is awaiting regulatory approvals and is expected to complete by the first quarter of 2022. The stake sale in AirTanker Holdings is part of company’s strategy to reduce net debt and raise at least £2 billion from disposals of assets to rebuild the group’s balance sheet for the investment-grade credit profile.
Rolls-Royce Holdings Plc currently trades at GBX 110, up by 0.75% on 13 September 2021 at 9:20 am GMT+1 with a market cap of £9,135 million.
Wetherspoon (JD) Plc (LON:JDW)
The company operates multiple pubs and restaurants in the United Kingdom and Ireland. The company operates over 925 pubs as of June 2021.
The company could surprise the market with significant improvement in revenue and profits as most of the company-owned pubs and restaurants are now operating at full capacity after lifting restrictions. During the half-yearly period ended 24 January 2021, the company reported a loss of £52.8 million (post-IFRS 16) as most of its operations was impacted due to lockdown and pandemic. But the next half earnings numbers that will be announced soon could surprise as the company was operating most of its facilities at full capacity without any significant disruption.
Wetherspoon (JD) Plc currently trades at GBX 1,056, up by 0.38% on 13 September 2021 at 9:20 am GMT+1 with a market cap of £1,359 million.
