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Easyjet shares lead London's FTSE 100 lower Easyjet shares lead London's FTSE 100 lower
(about 4 hours later)
(Open): London's main share index fell in early trading, led by a fall in Easyjet shares. (Noon): London's main share index fell in early trading, led by a fall in Easyjet shares.
The FTSE 100 index was down by 0.33%, or 22 points, at 6,706.52. The FTSE 100 index was down by 0.38%, or 26 points, at 6,702.89.
Easyjet shares were down by more than 6% after a weak third quarter earnings report, which showed that it was earning less from each passenger it carried.Easyjet shares were down by more than 6% after a weak third quarter earnings report, which showed that it was earning less from each passenger it carried.
Chief executive Carolyn McCall also told the BBC that the slump in sterling had cost the airline £40m.Chief executive Carolyn McCall also told the BBC that the slump in sterling had cost the airline £40m.
On the upside, shares in the rental equipment firm Ashtead rose to one-year high after its US rival, United Rentals, reported positive earnings overnight. On the upside, shares in the rental equipment firm Ashtead rose to one-year high, up 4%, after its US rival, United Rentals, reported positive earnings overnight.
On the currency markets, the pound was up 0.33% against the dollar at $1.3253. On the currency markets, the pound was up 0.11% against the dollar at $1.3195.
Against the euro, it was up 0.18% at €1.2016. Against the euro, it was down 0.18% at €1.1973.