Rolls-Royce delivers profit warning
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City sources predict the FTSE 100 will open 140 points lower than Friday’s close of 6,585.78.
Stocks to watch
Aerospace manufacturer Rolls-Royce issued a profit warning on Monday, which it said reflected a deterioration in offshore markets. The company said in a statement it expected full year profit to be between £1.325m-£1.475m, compared to previous guidance of £1.4m-£1.55m.
Budget airline EasyJet said that it carried 6.56m passengers in June of this year, nearly 8% more than in the same month last year. The load factor, which measures how full the plane is, was 92.7%, up just a touch from 92%.
In the press
“Greece’s anti-austerity government scored a decisive victory in Sunday’s referendum as voters backed its call to reject a compromise with international creditors, raising serious doubts about the country’s ability to remain inside the eurozone,” the Financial Times writes.
Marks & Spencer is set to deliver another setback in its clothing turnaround after cool weather in May and June dampened like-to-like sales, The Telegraph writes.
“George Osborne is weighing up whether to announce a review of the £3.5 billion-a-year bank levy in Wednesday’s budget as one of a range of business-friendly measures,” The Times says.