(MENAFN- ProactiveInvestors) FTSE 100 ended the day 1.37% down having erased some earlier losses but still wounded from a big sell-off.
The UK benchmark closed at 6933 - down around 96 points with budget airline EasyJet () the biggest laggard despite a record opening half to the year. Its shares dropped 9.77% to 1654p.
The company said foreign exchange rates and an early Easter would likely mean a fall in revenues of four percentage points for the third quarter.
Conversely miners were on the up with () and () both making gains. The biggest gainer was credit analysis specialist Experian (LON:EXP) which added 3.14% to 1214p.
Away from the FTSE 100 and to 250 Thomas Cook () was handed an upgrade by which now reckons the shares will outperform on the travel firm with a target price of 180p. Shares added 2.03% to 156.10p.
In small caps China gas drilling company () is confident it can reignite its fortunes this year. Shares added 0.72% to 8.41p.
Another big riser was (). The company issued a correction to an earlier statement that said it would remain subject to the City Code on Takeovers and Mergers once its listing on AIM has been cancelled. Shares climbed 33.33% to 0.20p.
The biggest London gainer of the day was (). The company said it has formed a joint venture with investment company Sahamit Phattana to undertake exploration activities in Laos South-East Asia. Shares rocketed 74.6% to 0.55%.
On the other side of the coin a big faller was media brand building company Reach4Entertainment (LON:R4E) after it said it expects to report a loss in 2014 far below market expectations. Shares plummeted 35.85% to 0.85p.
Elsewhere marble quarry owner () has raised £2mln to pay off an outstanding convertible loan and buy more processing equipment. Shares dropped 4.09% to 20.5p.
() added 4.17% to 3.125p after it uncovered bonanza grades of gold and silver at its Cap-Oeste project in Argentina similar in style to its nearby COSE deposit.
The miner is in-fill drilling at Cap-Oeste to boost its oxide resources and said four of the five holes intersected COSE style mineralisation within a sub-vertical shoot.
() dropped 1.94% to 12.625p as it announced the spudding of the LAM-1 well on the Lalla Mimouna permit onshore Morocco.
The well is targeting the Miocene gas-bearing sands similar to the Sebou discoveries made previously by Circle in the Sebou Permit to the south of Lalla Mimouna.
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