French leisure and travel stocks drop as new COVID curbs imminent (updated)
28/10/2020 08:40
* Air France KLM, ADP, Airbus all down sharply
* Casino group Partouche, cinema firm Gaumont also down
* Catering companies Sodexo and Elior also fall on market
* Macron due to address nation on Wednesday evening
(Adds more detail)
PARIS, Oct 28 (Reuters) - French leisure and travel stocks,
including hotels group Accor ACCP.PA and Air France KLM
AIRF.PA , slumped on Wednesday as France prepared for new
restrictions to tackle a resurgence of the COVID-19 virus.
Air France KLM dropped by 6.2 percent, planemaker Airbus
AIR.PA fell 5.4 percent and French airports group ADP ADP.PA
slumped 6 percent.
Accor fell 5.9 percent, catering companies Sodexo EXHO.PA
and Elior ELIOR.PA also fell sharply, while cinema group
Gaumont GAUM.PA lost 2.8 percent and French casino operator
Partouche PARP.PA fell 2.3 percent.
President Emmanuel Macron will give a televised address on
Wednesday evening. The French government has been exploring a
new, national lockdown from midnight on Thursday, BFM TV
reported, albeit a slightly more flexible one than the two-month
shutdown that began in mid-March. urn:newsml:reuters.com:*:nL1N2HI322
Sources told Reuters earlier this week that possible options
for some areas included confining people to their homes at
weekends, closing non-essential shops and starting curfew
measures earlier.
(Reporting by Sudip Kar-Gupta; Editing by Raissa Kasolowsky)
((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))