Shares in travel-based companies were heading south today after a profits warning from low-cost airline Ryanair.
The Dublin-based firm's full-year downgrade reflects greater competition and the impact of Europe's ongoing economic crisis on demand this winter.
Ryanair shares were 14% lower, while rival easyJet was the biggest faller in London's top flight, leaving the FTSE 100 Index 24.3 points lower at 6443.4.
Luton-based easyJet dipped 7%, or 92p to 1187.5p, while British Airways parent company International Airlines Group fell 12p to 282.7p and Thomson Holidays owner TUI Travel declined 12.1p to 333.6p. Outside the top flight, Thomas Cook was down 5.45p to 137.15p, or 4%.
Other big fallers included financial services firm Hargreaves Lansdown, even though it posted a 28% rise in full-yer profits and said active client numbers were at a record level. Shares dipped 32p to 999p as investors booked profits following a strong run for the Bristol-based company.
Meanwhile, Vodafone shares continued to see-saw in the wake of its £84 billion deal to sell a 45% stake in Verizon Wireless.
The heavyweight stock, which declined yesterday after a week of big rises, was back in positive territory, up 3.5p to 206p.