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Market Update

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

Author: Nigel Thomas
Last Update: 10:21 AM ET July 06 2015

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.

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.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc