easyJet Share News (EZJ)

(ShareCast News) - London stocks took another hit, with traders for now largely ignoring attempts by George Osborne to reassure global investors, as financial markets continued to look for answers to the current uncertainty, both economic and political.The FTSE 100 closed down by 158.40 points or 2.58% to 5,980.29, while the more UK-focused 250 index had fallen 1,107.76 points or 6.89% to 14,980.29, with financial services firms and real estate-related stocks bearing the brunt of selling at the sector level.In parallel, the yield on the benchmark 10-year Gilt was pushed below the 1.0% mark for the first time ever.Sterling was down 3.27% versus the dollar at 1.3220 by the closing bell, its lowest level since 1985, and down 2.55% on the euro at 1.2006.Saying the Brexit result was "not the outcome that I wanted", Osborne said the Treasury and Bank of England were "ready to deal with the consequences" and retracted his recent warnings of an emergency budget.The Chancellor said he favoured delaying triggering Article 50 - to start the process of leaving the EU - until it's clear what the terms would be in October when a new Prime Minister will have been chosen.Market analyst Connor Campbell of SpreadEx commented: "Initially the FTSE had (relatively) held its ground, the index somewhat boosted by George Osborne's attempts to reassure the markets. However, it seems that the impact of the Chancellor's charms were short-lived."Having earlier wondered if Friday's late rally "was a dead-cat bounce", Mike van Dulken at Accendo Markets said markets were struggling to digest Friday's Brexit vote and what it means for the UK outlook and that of London-listed equities and the pound."Weekend political upheaval from both sides and a leadership vacuum has done little to calm investor nerves about the near term future, with the most sensitive stocks to the Leave vote - banks, property, airlines - getting another drubbing which has in some cases wiped out the recoveries seen on Friday from knee-jerk Brexit lows," Van Dulken said.Easyjet knocked sharply lowerSeveral brokers downgraded their ratings for the banking sector, with trading in Barclays and RBS temporarily halted at one point in the session following heavy share price falls.Among the housebuilders, Berkeley Group and Taylor Wimpey also triggered circuit-breakers.In company news, EasyJet led the fallers, declining by more than 10% after it warned that profits were lower than expected in the third quarter and that the UK decision to leave the EU was likely to mean revenues in the second half of the year will be lower than last year, while costs will be £25m higher due to oil and currency movements.Following the Brexit vote, the budget airline predicted "additional economic and consumer uncertainty is likely this summer and as a consequence it is expected that revenue per seat at constant currency in the second half will now be down by at least a mid-single digit percentage" compared to the second half of 2015.Estate agent Foxtons was down almost 24% after it warned full-year revenue and adjusted earnings will be "significantly lower" than the previous year due to uncertainty caused by the referendum.In a trading statement ahead of the company's interim results on 29 July, it said the run-up to the EU referendum led to significant uncertainty across London residential markets and the decision to leave Europe is expected to prolong that uncertainty.Aviva was also lower, despite trumpeting that its capital position was resilient to market stress, adding that Brexit will have no significant operational impact on the company.Aviva said its Solvency II coverage ratio remained close to the top of its working range of 150% - 180% after the the UK's decision to leave the European Union.Market MoversFTSE 100 (UKX) 5,980.29 -2.58%FTSE 250 (MCX) 14,980.29 -6.89%techMARK (TASX) 2,950.07 -3.21%FTSE 100 - RisersRandgold Resources Ltd. (RRS) 8,010.00p 8.68%Fresnillo (FRES) 1,483.00p 7.00%AstraZeneca (AZN) 4,115.00p 2.07%Royal Dutch Shell 'B' (RDSB) 1,922.50p 2.07%Diageo (DGE) 1,913.50p 1.89%Royal Dutch Shell 'A' (RDSA) 1,903.50p 1.68%Unilever (ULVR) 3,318.00p 1.61%British American Tobacco (BATS) 4,452.00p 1.53%Reckitt Benckiser Group (RB.) 6,998.00p 1.52%National Grid (NG.) 996.90p 1.27%FTSE 100 - FallerseasyJet (EZJ) 1,020.00p -22.32%Barratt Developments (BDEV) 355.00p -19.28%Barclays (BARC) 127.20p -17.35%Travis Perkins (TPK) 1,352.00p -16.54%International Consolidated Airlines Group SA (CDI) (IAG) 343.90p -15.92%Royal Bank of Scotland Group (RBS) 174.30p -15.10%Associated British Foods (ABF) 2,361.00p -14.92%Taylor Wimpey (TW.) 116.00p -14.77%Capita (CPI) 848.50p -14.25%Schroders (SDR) 2,048.00p -14.02%FTSE 250 - RisersAcacia Mining (ACA) 440.00p 10.00%Centamin (DI) (CEY) 130.50p 8.48%Polymetal International (POLY) 968.00p 5.10%Genesis Emerging Markets Fund Ltd Ptg NPV (GSS) 516.00p 1.88%Personal Assets Trust (PNL) 37,710.00p 1.10%Synthomer (SYNT) 311.20p 0.74%JPMorgan Emerging Markets Inv Trust (JMG) 596.50p 0.59%Templeton Emerging Markets Inv Trust (TEM) 475.00p 0.42%John Laing Infrastructure Fund Ltd (JLIF) 125.30p 0.40%International Public Partnerships Ltd. (INPP) 149.10p 0.34%FTSE 250 - FallersOneSavings Bank (OSB) 181.60p -31.06%Shawbrook Group (SHAW) 167.00p -28.33%Virgin Money Holdings (UK) (VM.) 205.20p -25.46%Countryside Properties (CSP) 175.70p -20.61%Supergroup (SGP) 1,185.00p -20.15%Crest Nicholson Holdings (CRST) 345.00p -19.77%McCarthy & Stone (MCS) 153.70p -19.53%Aldermore Group (ALD) 114.00p -18.45%DFS Furniture (DFS) 205.00p -18.29%JRP Group (JRP) 96.00p -18.23%