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Highlights
- Omicron fears along with rising inflation is generating pessimism among investors.
- Sectors like hospitality, travel and tourism are taking the burden of pandemic-related restrictions, while sectors like banking and housing are doing reasonably well.
- The UK government has finally stepped up and announced funding worth £1 billion for the businesses suffering due to Omicron scare.
Amid Omicron fears accompanied with rising inflationary pressure, the investors are becoming pessimistic yet again. Sectors like hospitality, travel and tourism are taking the burden of pandemic-related restrictions, and the Boris Johnson Government has finally stepped up and announced funding worth £1 billion for the businesses, which have taken the worst hit due to Omicron scare.
While some sectors are doing worse, other are more resilient and are performing well amid the pandemic scare. These include banking, housing, energy sectors. A thorough study of the market can help out the investors to benefit even during these uncertain times.
Let’s look at 5 UK stocks that you can buy amid the pandemic scare.
RELATED READ: Which sectors will benefit from Sunak’s £1-bn support package?
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Lloyds Banking Group PLC (LON: LLOY)
Lloyds Banking Group PLC, which is one of the leading financial services firms in the UK, has shown a robust performance during this economic turbulence. It is expected to gain from the inflation and BoE’s rate rise. The market cap of the FTSE100-listed company stood at £33,347.62 million as of 23 December 2021. It has given a return of 37.15% to its shareholders in the last one year and its year-to-date return stands at 30.54% as of 23 December 2021. Lloyds Banking Group plc’s shares were trading at GBX 47.59, up by 1.33%, at 1:15 PM (GMT) on 23 December 2021.
Rightmove Plc (LON: RMV)
Owner of the UK’s largest online real estate portal and property website Rightmove plc has benefited from the growing demand for homes during the pandemic. The market cap of the FTSE100-listed company stood at £6,642.03 million as of 23 December 2021. It has given a return of 19.40% to its shareholders in the last one year and its year-to-date return stands at 20.28% as of 23 December 2021. Rightmove plc’s shares were trading at GBX 782.60, down by 0.18%, at 1:17 PM (GMT) on 23 December 2021.
Diageo plc (LON: DGE)
UK-based beverage alcohol firm Diageo plc is rather counter-cyclical in nature, which would enable it to do well even during an economic turmoil. The market cap of the FTSE100-listed company stood at £94,092.86 million as of 23 December 2021. It has given a return of 35.29% to its shareholders in the last one year and its year-to-date return stands at 39.54% as of 23 December 2021. Diageo plc’s shares were trading at GBX 4,016.00, down by 0.64%, at 1:21 PM (GMT) on 23 December 2021.
RELATED READ: Omicron scare: How are the pub stocks doing?
BP plc (LON: BP)
London-headquartered oil and gas firm BP plc has gained with the growing inflation and skyrocketing energy prices. The market cap of the FTSE100-listed company stood at £65,973.69 million as of 23 December 2021. It has given a return of 30.82% to its shareholders in the last one year and its year-to-date return stands at 32.75% as of 23 December 2021. BP plc’s shares were trading at GBX 338.25, up by 1.05%, at 1:24 PM (GMT) on 23 December 2021.
Rolls-Royce Holdings plc (LON: RR)
UK-based aerospace and defence company Rolls-Royce Holdings plc has done well this year and has resumed back to profits. The market cap of the FTSE100-listed company stood at £9,902.21 million as of 23 December 2021. It has given a return of 7.77% to its shareholders in the last one year and its year-to-date return stands at 9.13% as of 23 December 2021. Rolls-Royce Holdings plc’s shares were trading at GBX 121.42, up by 2.60%, at 1:30 PM (GMT) on 23 December 2021.
