Easyjet's pound woes sink FTSE 100

Easyjet's pound woes sink FTSE 100
 

(Open): London's leading shares were slightly lower in early Thursday trading, with airline Easyjet worst hit after it warned that the weak pound would cost it £90m this financial year.
Easyjet fell 7.2% in the wake of the announcement, making it the biggest loser on the FTSE 100 share index.
The pound has recently been under pressure as worries over the Brexit process persist.
Overall, the FTSE 100 was down 0.75 points at 0.01% at 7,032.50.
This week, sterling has hit a 31-year low against the dollar and a five-year low against the euro.
Click to see content: poundeuro051016 The currency... read more

 
6 October 2016 in Business, Views: 46
Source: BBC
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