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-28458567
The article has changed 4 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| London Market Report | London Market Report |
| (about 3 hours later) | |
| (Close): Shares on London's main stock market turned higher by the close, after opening lower. | |
| The FTSE index was up 23.31 points to 6821.46. | |
| Shares in the DIY group Kingfisher were the biggest fallers, down more than 8% after worse than expected second quarter earnings. | |
| Shares in the budget airline group EasyJet also fell, down about 5%, after its profit forecast failed to meet investor expectations. | |
| The group predicts pre-tax profit for the year to September to be between £545m and £570m. | The group predicts pre-tax profit for the year to September to be between £545m and £570m. |
| "We think that this outlook statement adds to investor unease that consensus forecasts have generally run ahead," said Cantor Fitzgerald analyst Robin Byde. | "We think that this outlook statement adds to investor unease that consensus forecasts have generally run ahead," said Cantor Fitzgerald analyst Robin Byde. |
| Kingfisher said the distraction of the World Cup and weaker trading in France and Poland had hurt trading. | Kingfisher said the distraction of the World Cup and weaker trading in France and Poland had hurt trading. |
| "Our markets in the second quarter, notably in June, have been slower than anticipated particularly in France and Poland," admitted Kingfisher's chief executive Sir Ian Cheshire. | "Our markets in the second quarter, notably in June, have been slower than anticipated particularly in France and Poland," admitted Kingfisher's chief executive Sir Ian Cheshire. |