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FTSE falls ahead of lockdown tier rules as UK pubs and restaurants fight for fairness

FTSE 100 dropped in early trades as US markets retreated and Britain’s pubs and restaurants braced for the new lockdown rules. London’s blue-chip index dipped 18 to 6,373 early on.  

Fuller’s, Carlsberg UK, Greene King and Mitchells and Butlers are among 50 fifty pub groups that have written to the government warning of widespread job losses and closures unless planned COVID restrictions are eased. They say Pubs are being unfairly singled out. Health secretary

Matt Hancock will announce the lockdown tiers later today. Most of England is expected to be placed either in  Tier-2 or Tier-3 when the national lockdown ends next Wednesday.  

Life insurer and pensions group Aviva PLC (LON:AV.) has reset its once generous dividend policy following the COVID-19 crisis. This year’s payout will be almost a third lower.

Among the small caps, Remote Monitored Systems PLC (LON:RMS) said commercial production of anti-viral masks at its Pharm 2 Farm (P2F) subsidiary is expected to start in January. The production machinery is expected to undergo final acceptance testing in mid-December.  

Genel Energy PLC (LON:GENL) declared first oil at the Sarta field, where the company has a 30% stake alongside Chevron. The Sarta-2 well is on track to be completed in December and will come onstream from January.

Luxury bag maker Mulberry Group PLC (LON:MUL) posted reduced half-year losses despite sales being depressed by the pandemic. Sales perked up in the quarter to September but the November lockdown hit trading.

Quick facts: Aviva plc

Price: 349.8 GBX

Market: LSE
Market Cap: £13.75 billion

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