Virgin Atlantic in talks to buy ailing Flybe
23rd Nov 2018 08:37
(Sharecast News) - Shares in ailing regional carrier Flybe were well above cruising altitude on Friday, amid reports long-haul airline Virgin Atlantic was looking to take over the Exeter-based firm.
Read moreLow-cost airline Cobalt collapses
18th Oct 2018 11:09
(Sharecast News) - Budget airline Cobalt has suspended operations after reportedly failing to reach an agreement with a potential investor.
Read moreWednesday broker round-up
17th Oct 2018 12:55
(Sharecast News) - Crest Nicholson: Liberum downgrades to hold with a target price of 331p.
Read moreFlybe warns on profits as sterling, fuel prices take their toll
17th Oct 2018 08:07
(Sharecast News) - Shares in Flybe tanked on Wednesday as the budget airline said full-year adjusted profit would be below market expectations as annual results take a £29m hit from a weaker pound and higher fuel prices.
Read moreMonday broker round-up
13th Feb 2017 08:26
(ShareCast News) - Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p. Flybe Group: HSBC reiterates Buy with a target price of 55p. Esure Group: Berenberg maintains Sell with a target price of 193p. Berendsen: Citigroup reiterates Neutral with a target price of 930p. Sm
Read moreFlybe Q3 'solid', sees slow start to Q4
30th Jan 2017 07:43
(ShareCast News) - Flybe said on Monday that it delivered a solid third quarter in tough trading conditions, but the fourth quarter has kicked off slowly due to "uncertain" customer confidence and poor weather. In the third quarter, it saw passenger growth of 13.5% versus 5.7% in the first half, whi
Read moreFlybe appoints former CityJet boss as CEO, announces new routes
20th Dec 2016 08:50
(ShareCast News) - Budget airline Flybe has appointed former CityJet boss Christine Ourmieres-Widener as its chief executive officer with effect from 16 January. Ourmieres-Widener started her career in the maintenance department of Air France and between 2010 and 2015 she was the CEO of CityJet. Sin
Read moreBroker tips: Premier Oil, Flybe, St James's Place
18th Nov 2016 13:27
(ShareCast News) - Jefferies upgraded Premier Oil to 'buy' from 'hold', keeping the price target at 88p, as it reckons the company's full debt refinancing will go through. Premier said on Thursday that was in the final stages of negotiations with its banks and private bondholders on its refinancing.
Read moreFlybe flies higher on HSBC upgrade to 'buy'
18th Nov 2016 09:16
(ShareCast News) - HSBC upgraded Flybe to 'buy' from 'reduce' and lifted the price target to 55p from 20p, saying the company is in a substantially better place that it previously thought. The bank said the group's first-half, reported earlier this month, was much better than it expected with operat
Read moreFlybe H1 profit down but revenue and passenger numbers rise
9th Nov 2016 09:09
(ShareCast News) - Flybe reported a drop in pre-tax profit in the six months to the end of September amid challenging markets, but revenue and passenger numbers rose. Pre-tax profit declined 15.9% to £7m, taking a hit from the fall in the value of the pound which increased the cost of US dollar loan
Read moreFlybe chief executive Hammad fires ejector seat
26th Oct 2016 11:02
(ShareCast News) - Flybe chief executive Saad Hammad has parted company from the beleaguered regional airline with its shares trading not far from all-time lows. Chairman Simon Laffin has stepped in to an executive role as the ejector seat has been pressed for Hammed, who started at the company in A
Read moreFlybe reports sustained growth despite tough conditions
27th Jul 2016 15:38
(ShareCast News) - Flybe, the largest regional airline in Europe, announced on Wednesday a good start to the year despite challenging conditions for the industry. Chief executive Saad Hammad said: "Flybe continues to make progress despite significant external challenges. We delivered a solid quarte
Read moreBroker tips: Antofagasta, RPC, Flybe
9th Jun 2016 12:44
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may put pressure on Antofagasta's net margin and dividend. "The comp
Read moreFlybe rated as 'buy' with 132p target price by Numis
9th Jun 2016 12:26
(ShareCast News) - Flybe shares fell almost 5% as Numis rated the stock as a 'buy' with a 132p target price. Numis said Flybe's reported pre-tax profit of £5.5m, from a £25.4m loss, was ahead of the brokerage's forecast for £3m. This meant the regional airline had achieved an important milestone in
Read moreFlybe returns to FY profit, issues cautious outlook
9th Jun 2016 12:08
(ShareCast News) - Shares in Flybe fell almost 5% as the regional airline returned to full-year profit on improved revenue, despite the impact on bookings due to terror attacks in France and Belgium, but issued a cautious outlook. Pre-tax profit was £2.7m, from a re-stated loss of £23.6m a year earl
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