Budget airline Easyjet has blamed foreign exchange volatility and consumer nervousness about terrorist attacks for a dive into the red. It reported a half yearly loss of £24million, down from profits of £7million for the same time last year. The group said it took a £30million foreign exchange hit as the pound lost value against the euro. It added that attacks in Paris and Brussels affected bookings but passenger numbers still grew from 28.9million to 31million.
Fashion chain Gap has issued a profit warning as quarterly total sales fell to $3.44billion from $3.66billion. It now expects earnings of 31 to 32 cents a share compared to previous forecasts of 44 cents a share. Boss Art Peck said it had to “transform at a faster pace”.
Housebuilder Bovis Homes said sales rates have improved in recent weeks with 0.65 private reservations per site in the year to date. That is in line with last year’s figures. Chief executive David Ritchie said it was seeing “strong demand from home buyers benefiting from good access to mortgage finance”. He added that the upcoming EU referendum has had no “discernible impact” on customer sentiment.