//Global markets: winners and losers as Covid vaccine hopes send shares surging

Global markets: winners and losers as Covid vaccine hopes send shares surging

The FTSE 100 posted its biggest one-day gain since March on Monday after the drug companies Pfizer and BioNTech said their prospective coronavirus vaccine was 90% effective.

The news jolted global stock market indices to record levels but it also highlighted the stark divergences in fortunes across sectors during the pandemic. Those companies who gained from people spending their work and leisure time at home were among the biggest losers on Monday, while the vaccine news offered some welcome relief to previously hard-hit sectors such as travel and events.

The big winners on Monday

Rolls-Royce – up 44%

Aviation has been stricken by the pandemic. Rolls-Royce lost out because it earns money on maintenance contracts based on the hours flown by its jet engines. However, the prospect of a