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FTSE 100 set to make recovery after four days of losses

The FTSE 100 is expected to end four days of losses ahead of an announcement from PM Boris Johnson on how to further curb the spread of Covid-19. 

The BBC yesterday reported that UK stocks sank to its lowest in three months, with London’s FTSE 100 share index closed down at 3.4%.

Airlines, travel firms, hotel groups and pubs were the hardest hit as fears of the UK entering into a second lockdown caused shares to plummet.

PM Boris Johnson is expected today (22 september)  to tell people to work from home and impose new restrictions on pubs, bars and restaurants in an attempt to tackle a second wave of the COVID-19 outbreak.

News which could damage UK hotel stocks further.

Just today, hotel and restaurant chain Whitbread said it was cutting 6,000 jobs after suffering a slump in trading due to the coronavirus pandemic.

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