The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Israel bans non-citizen international travelers for two weeks.
Spain have changed entry rules from Dec 1, British tourists (12yo & above) will be admitted to Spain from next month only if they can show proof of a COVID-19 vaccination.
https://www.timesofisrael.com/liveblog-november-27-2021/
https://www.reuters.com/world/europe/spain-tightens-covid-19-restrictions-british-tourists-2021-11-27/
FFS, getting ridiculous again.
UPDATE - The UK has been added to Switzerland’s risk country list.
When boarding a plane and entering Switzerland, all persons travelling from the UK must present a negative COVID-19 test and quarantine for 10 days.
https://mobile.twitter.com/SwissEmbassyUK
SmithyS2019, absolutely agree that Delta became prevalent and spread because in immunological terms it was a better variant than the others. Delta's prevalence in the UK was also hastened because of number of initial carriers who transmitted it into the communities.
SmithyS2019. Totally agree that it will not prevent the new variant from entering the UK population. I think the UK gov are anxious to put measures in place to minimise the initial spread so that it does not get out of control like the delta variant. Safe than sorry approach, they are after all in charge.
SmithyS2019, What, exactly is it that Government are supposed to have "Learned"?
Hopefully they will have a better idea as how to minimise the transmission of a new viral outbreak
external to uk borders.
Isn't that why Southern African counties have been added to the UK's red list, to minimise the spread of infection on a potential vaccine limiting /evading variant?
IAGlongterm, Does it cause a more severe reaction?
"It could be a few weeks before scientists have complete information about the variant – and how serious a threat it may pose to the world."
Hopefully not, lessons learned from delta has shaken uk gov. Not taking any chances.
Link here, https://www.theguardian.com/world/2021/nov/25/what-do-we-know-about-the-new-worst-ever-covid-variant
I think the UK, certainly England, will not implement another national lockdown. Am not so sure about other countries though. long term holder here so no matter. From the DT, "Hopes of a restriction-free Christmas have been boosted after it emerged on Friday that scientists advising the Government believe Covid hospitalisations are unlikely to reach the same level as in January.
Documents from SPI-M, the modelling sub-committee of Sage, reveal that – unless a dangerous new variant of the virus emerges – only a spike in transmission, as well as repeated waning of immunity from vaccines, would lead to hospitalisations similar to those at the peak of last winter's wave.
Modelling released on Friday reveals that Sage expects hospitalisations and deaths to decline heading into December. Graphs show that, between Nov 8 and Dec 5, they will drop by roughly a third.
The models indicate that hospitalisations in England will drop to around 500 a day by early next month, while deaths will dip below 100.
Vaccine-conferred immunity declines but the booster regime – under which more than 14 million people have received a third dose – means there will not be a large population of unprotected vulnerable people.
A rapid increase in transmission rates would only come about with significant changes in behaviour and, with many people now back to pre-pandemic routines, that seems unlikely. The likelihood of both transpiring at the same time is extremely slim.
According to Sage, another variant could upset the equation – but surveillance from the UK Health Security Agency has yet to identify a more potent form than the delta variant. The recent AY.4.2 sub-variant is thought to be only marginally more transmissible and no more potent.
However, the NHS remains in a difficult position as it tries to clear a record-breaking backlog of patients awaiting treatment for other conditions.
Prof John Edmunds, a member of Sage, told BBC Radio 4's The World at One: "I think it's really important that we boost immunity in older individuals and then we might be able to avoid any significant fourth wave.
"We're going to have high levels of infection for many months, so I think the NHS will unfortunately be under significant strain – it may not get to breaking point, where we were close to before – but significant strain for a very long period of time is certainly on the cards."
guessworx, fwiw my opinion is the SP will reach 200p in the early months of 2022 (mid Feb to late march). Travel industry fundamentals are slowly recovering. Confidence is in a fragile state. Any positive news sends the SP higher for a short while only to slowly fall back again (vice versa on negative news). Drip, drip upwards. patience needed. GLA. LTH.
From the article in the link below, 'Luis Gallego commented that the Gatwick proposition would not take the form of a low-cost carrier but rather a more efficient British Airways.'
A more efficient BA, will be interesting to see what this entails.
https://simpleflying.com/british-airways-iag-london-gatwick/
Ryanair reported "the booking curve remaining very close-in, traffic recovery will require continuing price stimulation". Ryanair sale will re-build consumer confidence in the UK travel sector & give it a much needed boost (the UK gov border policies during this crisis have wrecked it). IAG loan facility is there should it be needed in case of any further negative developments, which hopefully should not appear. Future is looking brighter, onward & upwards. GLA.
Glenhoss, I hear you. Gotta filter out the bias & make your own decision. I know the air traffic levels have improved & potentially could return to 2019 levels in 2023, https://www.eurocontrol.int/press-release/new-eurocontrol-2021-2027-forecast-expects-traffic-recovery-2019-levels-end-2023.
Also been reading anecdotes about busy airport terminals & am now waiting for passenger data in the pending ryanair, wizz & iag results in early november to confirm this. Not really sure what to make of the IAG RI speculation atm, time will tell I guess. GLA.
Takayama, I am invested in IAG & also under water waiting impatiently for 200+. Currently holding but I have to query why has the SP fallen over the past week if the broker consensus/wisdom is to 'buy' ? As much as I do not like to read Big-blue, Fugazil1 & others opinion I do appreciate their opposing viewpoint. Do not get me wrong I would really really like to see & expect iag to do well in the long term., its just the current SP volatility does give them a justification & me to consider the alternative SP trajectory. Which in a blogging board is good thing IMO. GLA.
Big-blue, volcanic eruptions/emissions will be categorised as an act of god. god resides in a tax haven & is thereby exempt. We can blame god, just can't tax the bugger. Everyone else has to foot the bill.
Glenhoss, that is funny. A talking Bol..lox tax. Sounds like a really good revenue generating idea.There is an endless list of enterprises & individuals spouting Bol...lox..The media would bankrupt themselves. Lol.
Cost of flights to rise as Rishi Sunak prepares to raise air passenger duty. Green tax?
https://www.theguardian.com/politics/2021/oct/22/cost-of-flights-to-rise-as-rishi-sunak-prepares-to-raise-air-passenger-duty