The FTSE 100 was down 0.6% to 6,693.32 by midday. This follows Apple’s overnight profit warning.
Apple shares dropped more than 7% after the company cut its sales forecast. Over the festive season, the tech giant’s revenue fell 5% compared to the period in 2017. Weak Chinese trading has been blamed for the company’s worse than expected performance.
Next
Fashion retailer Next reported strong sales in the pre-Christmas trading period. Though this is in line with its September guidance, its full-year profit guidance has been lowered slightly. Next added 3.7% to £43.31 on the back of this announcement.
Alpha FX Group
Shares in the foreign exchange service company, Alpha FX Group, increased 6.8% to 603.4p. This follows its announcement that yearly 2018 earnings are expected to be ahead of market expectations.
Ryanair
Low-cost airline Ryanair has announced that its December traffic increased by 12% to 10.3 million, following a chaotic year of changing baggage policies. Shares in Ryanair have been trading in positive all morning, currently up 0.52%.
Wizz Air
Elsewhere in the aviation industry, Wizz Air increased 3.7% to £28.54. This is following the announcement of its passenger numbers and load factor for the month of December. Equally, it also announced 14 new routes. Its passenger numbers increased 18% for the month of December as 2.6 million people used the airline. Additionally, load factor was up 1.3 percentage points to 88.8%.
Corero Network Security
The cyber security company saw an 8.2% drop in its shares to 11.7p this morning. This is despite the announcement that it expected to halve its full-year earnings losses from the same period a year earlier.
These are the main FTSE 100 movers for Thursday morning.
