This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-28206146

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
London Market Report London Market Report
(about 6 hours later)
(Noon): A profit warning from Air France-KLM hit shares in other airlines and pulled the market lower. (Close): Airlines were the biggest losers among FTSE 100 shares, following a profit warning from Air France-KLM.
Air France-KLM said its profits this year could be up to 12% lower than previously estimated, mainly due to overcapacity on routes. British Airways owner IAG closed down 7% while Easyjet shares fell almost 6%.
Shares in Air France KLM fell more than 5% on the news, and in London shares in British Airways owner IAG were down 4.4% while Easyjet shares fell 2.8%. Air France-KLM said its profits this year could be up to 12% lower than previously estimated, mainly due to overcapacity on routes. Air France shares slumped almost 9% in Paris.
The benchmark FTSE 100 index was down 32.94 points at 6,790.57. Overall the benchmark FTSE 100 index closed 85 points, or 1.2% lower at 6,738.
Marks and Spencer shares slipped 0.4% after the retailer's latest trading update. "The profit warning just before the busy summer months for the airlines sector has dampened investors' sentiment.
"It's a confirmation that, generally, the last three months had been difficult for the sector," said Accendo Markets' senior trader Tom Robertson.
Marks and Spencer shares slipped 1.3% after the retailer's latest trading update.
M&S reported another fall in underlying general merchandise sales, with trading hit by problems at its new website.M&S reported another fall in underlying general merchandise sales, with trading hit by problems at its new website.
Shares in housebuilders came under pressure, despite a strong trading update from Bovis Homes.Shares in housebuilders came under pressure, despite a strong trading update from Bovis Homes.
Bovis said it expected a "material" increase in first-half profits after it achieved 1,487 legal completions in the period, a record number and up 54% from a year earlier.Bovis said it expected a "material" increase in first-half profits after it achieved 1,487 legal completions in the period, a record number and up 54% from a year earlier.
However, shares in Bovis fell 1.5%, and elsewhere in the sector Barratt Developments dropped 1.2% and Persimmon was down nearly 2%.However, shares in Bovis fell 1.5%, and elsewhere in the sector Barratt Developments dropped 1.2% and Persimmon was down nearly 2%.
On the currency markets, the pound gave up early gains after weaker-than-expected manufacturing figures for May lowered expectations of a rate rise before the end of the year.On the currency markets, the pound gave up early gains after weaker-than-expected manufacturing figures for May lowered expectations of a rate rise before the end of the year.
Against the dollar the pound fell 0.1% to $1.7115 while it was flat against the euro at 1.2592 euros. Against the dollar the pound was little changed at $1.7260 and was also flat against the euro at 1.2590 euros.