Rolls-Royce Plunges 7% on Lowered Outlook, Bovis Jumps 2%

Nigel Thomas
06 Jul, 2015
New York City

EasyJet passenger traffic in June climbed 7.6% and load factor edged up. Rolls-Royce plunged 7% on lowered operating profit forecast. Bovis Homes sales increased 3%. Marshalls revenues climbed 11% to

[R]4:00 PM Frankfurt – EasyJet passenger traffic in June climbed 7.6% and load factor edged up. Rolls-Royce plunged 7% on lowered operating profit forecast. Bovis Homes sales increased 3%. Marshalls revenues climbed 11% to £199 million. Monitise fell on weak revenues forecast.[/R]

In London trading, FTSE 100 index decreased 0.7% or 45.19 to 6,540.62 and in Frankfurt the DAX index dropped 1.5% or 166.31 to 10,890.78.

In Paris, CAC 40 index slumped 1.8% or 84.50 to 4,723.76.

Bovis Homes Group Plc increased 1.9% to 1,163 pence after the U.K.-based home- builder said new home built in the first-half ending in June increased 3% to 1,525 units.

Average sales price jumped 6% to £222,000 from £210,000 a year ago period.

EasyJet Plc fell 0.4% to 1,574 pence after the U.K.-based low-cost airline company said passenger traffic in June climbed 7.6% to 6.6 million from 6.1 million from same month in a year ago.

The airline company said load factor in the month edged up 0.7 percentage point to 92.7% from 92% a year earlier.

For the last twelve months, passenger numbers jumped 5.9% to 67.1 million and load factor grew 1.1 percentage points to 91.2%.

Marshalls Plc gained 0.9% to 322.61pence after the U.K.-based construction materials supplier reported revenues in the first-half ending in June climbed 11% to £199 million from £180 million in a year ago period.

The company added sales in the public sector and commercial end market jumped 15% and Sales in the Domestic end markets increased 4% compared to same period a year ago.

Monitise Plc slipped 1% to 10.14 pence after the U.K.-based mobile banking services provider forecasted revenues in the first-half ending in June in the range of £88 million to £90 million.

Rolls-Royce Holding Plc plunged 6.7% to 798.90 pence after the U.K.-based aerospace and defense products maker lowered its operating profit forecast between £1.33 billion and £1.48 billion compared to earlier estimated range of £1.40 billion to £1.55 billion.

The company lowered its estimate of underlying profit in the marine segment between break even and £40 million from the previous guidance between £90 million and £120 million.