Sunday share tips: Flybe, United Utilities, FairFX
29th May 2016 15:07
(ShareCast News) - Sell shares in Flybe, was the verdict of the Sunday Times' Inside the City column as prospects for profits look limited. A week and a half away from full year results, shares in the regional airline are flying at 53.5p, half the level they started 2015 and valuing the company at a
Read moreFlybe descends to six-month low on weak demand and dollar uncertainty
7th Apr 2016 10:43
(ShareCast News) - Low-cost airline Flybe said it was on track for its summer trading as it reported stable passenger numbers for the fourth quarter and said 2016 results are likely to be in line with market expectations. In a trading statement for the quarter ending 31 March, the company said seat
Read moreFlybe flies lower as revenue per seat slides
28th Jan 2016 11:21
(ShareCast News) - Low-cost regional airline Flybe flew lower on Thursday after it said it took a hit from the terror attacks in Paris in November. In a trading update for the three month period from 1 October to 31 December 2015, the company said passenger revenue per seat fell 6.1% to £46.61 compa
Read moreFlybe puts profit on the radar as turnaround plan kicks in
11th Nov 2015 11:37
(ShareCast News) - Flybe swung to a profit in the first half of the year as the budget airline's turnaround plan begins to bear fruit. For the six months to end of September, it posted a pre-tax profit of £22.9m compared with a loss of £3.3m in the same period last year as it cut costs and added new
Read moreFlybe's second quarter revenue takes off
13th Oct 2015 08:39
(ShareCast News) - Budget airline Flybe said it was continuing its turnaround as it posted double-digit growth in passenger numbers and revenue. In the second quarter of its financial year, the carrier posted a 10.7% year-on-year increase in passenger numbers to 2.4m, while seat capacity rose 13.8%
Read moreFlybe signs Regional & City Airports
8th Oct 2015 08:56
(ShareCast News) - Regional airline group Flybe Group has clinched a five-year deal with Rigby Group-owned Regional & City Airports for one E195 aircraft to serve Exeter and Norwich airports. In a statement released on Thursday, the London-listed group said the aircraft will serve eight routes to fi
Read moreFriday broker round-up
24th Jul 2015 16:19
(ShareCast News) - Aberdeen Asset Management: JP Morgan Cazenove reiterates neutral stance and trims target to 415p from 435p. SocGen stays at hold but lowers target to 410p from 485p. Jefferies keeps at hold with 405p target, down from 460p. Aggreko: Investec keeps at sell. AG Barr: Investec reite
Read moreCantor Fitzgerald maintains 'hold' on Flybe, turnaround on track
10th Jun 2015 14:02
Broking firm Cantor Fitzgerald says Flybe's turnaround appears on-track and has kept a 'hold' rating on the budget airline stock. Flybe posted an adjusted LBT (loss before tax) of £25.4m which compared with Cantor Fitzgerald's like-for-like forecast of £25.7m (in-line). While Flybe has not provided
Read moreBudget airline Flybe posts full year loss
10th Jun 2015 08:38
Budget airline Flybe reported a pre-tax loss this morning, following the first financial full-year of a three-year cost cutting plan. The Exeter-based airline reported a pre-tax loss of £35.6 million, down from last year's profit of £8.1m. The company said it has resolved legacy issues including ex
Read moreSector Movers: REITs, travel and software stocks climb
1st Jun 2015 14:08
Real Estate Investment Trusts, travel & leisure and software & IT services shares provided a modicum of stability on Monday, even though the London market stayed marginally in negative territory. The FTSE 100 closed down 0.44% at 6,953.58 with natural resources related shares, especially oil and min
Read moreFlybe boosted by growth in seat capacity, passenger revenue
7th Apr 2015 08:28
Budget airline Flybe reported a growth seat capacity and revenue in the final quarter of the year, as it completed the first 12 months of a three-year cost-cutting plan. The London-listed company said capacity increased 15% year-on-year in the three months to March, while load factor remained consta
Read moreSector movers: Energy stocks and airlines lead advance
26th Jan 2015 18:45
Energy stocks finished the session higher after the secretary general of the Organisation for Petroleum Exporting Countries (OPEC) warned that the price of crude could rebound as high as $200, if circumstances forced the hand of producers, way higher than the record-high of $147 a barrel it hit in 2
Read moreFlybe fails to cash in on falling oil prices, shares nosedive
26th Jan 2015 11:03
Flybe shares were hit hard as the company admitted that the oil price slump would do little to ease costs because the budget carrier is locked into a contract for the remainder of 2015. While rival airlines benefit from cheaper jet fuel prices, Flybe will pay considerably over the odds. The firm
Read moreFlybe does code-share deal with Cathay Pacific
1st Dec 2014 08:23
European regional airline Flybe has struck a new code-share deal with Hong Kong flag carrier Cathay Pacific. From 8 December, Flybe customers in Aberdeen, Belfast, Edinburgh, Exeter, Inverness, Isle of Man and Southampton can use a single ticket to connect via Manchester Airport onto Cathay's new fo
Read moreTravel stocks soar in London as OPEC choses to maintain output target
27th Nov 2014 20:17
Oil stocks were the clear losers in London on Thursday after the Organization of Petroleum Exporting Countries (OPEC) chose not to cut production despite a global supply glut, sending crude prices to levels not seen since 2010. Brent crude dropped by 6.7% to $72.58 a barrel on the ICE, while West Te
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