A 24% rise in container throughput in the third quarter has not been enough to offset declining passenger numbers on P&O ferries, leading to a profit downgrade and a fall in the share price.
A 9% drop in passenger numbers and a 7% fall in tourist vehicles lead to P&O's share price dropping around 6% to 268p ($4.50) in London. The company said it expected full-year pretax profit of GBP 115m ($193m) compared with analysts' previous forecast of GBP 125m.
The
