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-29876618
The article has changed 4 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Ryanair upgrade boosts airline shares | Ryanair upgrade boosts airline shares |
(about 4 hours later) | |
(Noon): Airline shares were given a boost after Ryanair raised its full-year profit forecast. | |
Ryanair said full-year profit would now be between €750m and €770m, compared with its previous forecast of €650m. | Ryanair said full-year profit would now be between €750m and €770m, compared with its previous forecast of €650m. |
Easyjet shares rose 2.4%, while British Airways owner IAG - which raised its profit forecast last week - climbed 0.6%. | |
However, falling bank and energy shares pulled the FTSE 100 lower, with the index down 27.55 points at 6,518.92. | |
Shares in HSBC fell 1.7% after the bank reported its third-quarter results, with pre-tax profits up to $4.6bn from $4.5bn a year ago. | |
However, the bank set aside $378m (£237m) to cover a probe into currency trading, and has taken another provision of $589m for potential further PPI mis-selling claims. | |
"Stripping out the regulatory provisions, this is a strong operating quarter for HSBC," said Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers. | |
"Unfortunately, the provisions cannot be ignored and the ongoing costs of PPI and the forex investigations are also joined by an additional US booking." | |
In the energy sector, British Gas owner Centrica fell 1.8% while SSE dropped 1.5%. | |
On the currency markets, the pound edged up 0.04% against the dollar to $1.6002 and rose 0.24% against the euro to €1.2802. | |
The dollar hit a seven-year high against the yen - climbing above 113 yen - following last week's surprise move by the Bank of Japan to boost its monetary stimulus programme. | |
The rise in the dollar hit gold and oil prices. Gold was at $1,173 an ounce, near to the lowest price for four years. | |
Brent crude slipped 40 cents to $85.46 a barrel, while US crude dropped 30 cents to $80.24 a barrel. |