Slump in easyJet on profit warning hurts FTSE

Slump in easyJet on profit warning hurts FTSE
 

Britain's top share index edged down on Thursday, with budget airline easyJet leading the market lower after warning its profit would fall by more than 25 percent this year.
The blue-chip FTSE 100 index was down 0.2 percent by 0834 GMT, but remained within striking distance of its record high reached in April last year. The index rose to a 17-month high earlier this week and is up more than 12 percent this year.
Shares in easyJet were down 6.4 percent after hitting a 3-1/2-year low as the company said security issues dampened demand and low fuel prices meant there was more competition in... read more

 
6 October 2016 in Business, Views: 53
Source: Reuters
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