U.K. Stocks Drop Second Day as EasyJet Tumbles on Yield Outlook

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U.K. stocks dropped for a second day as EasyJet Plc led losses.

The airline dropped 9.8 percent, the most in more than four years, after predicting revenue per seat will decline in the second half of the year. Carlsberg A/S slumped 4.7 percent after reporting a wider first-quarter loss in eastern Europe.

Experian Plc rallied after cash flow conversion beat its forecasts. Taylor Wimpey Plc, Smith & Nephew Plc, and Barratt Developments Plc, some of last week’s biggest winners, lost at least 1 percent.

The FTSE 100 Index declined 1.4 percent to 6,933.8 at the close in London. The benchmark ended last week with its largest rally in four months as homebuilders, banks and utilities jumped after a surprise election win for Prime Minister David Cameron’s Conservative party.

The FTSE All-Share Index fell 1.3 percent, as did Ireland’s ISEQ Index.

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