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Easyjet shares lead London's FTSE 100 lower | Easyjet shares lead London's FTSE 100 lower |
(about 4 hours later) | |
(Noon): London's main share index fell in early trading, led by a fall in Easyjet shares. | |
The FTSE 100 index was down by 0.38%, 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, up 4%, after its US rival, United Rentals, reported positive earnings overnight. | |
On the currency markets, the pound was up 0.11% against the dollar at $1.3195. | |
Against the euro, it was down 0.18% at €1.1973. |