Monday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreFlybe widens losses as costs rise
21st Jun 2013 08:09
Flybe widened its full-year losses, blaming an underlying decline in the airline's UK core domestic market, high fuel prices and other costs pressures. The carrier reported an adjusted loss before tax, restructuring and surplus capacity costs of £23.2m for the year to end of March, compared to a l
Read moreFriday preview: Flybe's results likely to reflect turbulent year
20th Jun 2013 14:19
Flybe is expected to report an annual loss following a turbulent year for the European airline. The carrier recently warned losses would be greater than previous thought due to a 2.5% rise in costs including fuel. The company said revenue would be in line with the previous year, at the lower end
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreFlybe sells Gatwick slots to easyJet, slams airport for 'punitive' fees
23rd May 2013 07:53
easyJet has bought all of Flybe's take-off and landing slots at London Gatwick airport as part of the latter's turnaround plan to return to profitability. The airlines confirmed on Thursday that they have completed an agreement to exchange 25 pairs of arrival and departure slots for £20m. easyJet
Read moreFlybe's annual results descend
19th Apr 2013 09:40
European airline Flybe said on Friday it expects to report an annual loss at the lower end of its previous guidance as fuel costs increased during the year. In a trading update for the year ended March 31st 2013, the regional carrier predicted a 2.5% rise in costs including fuel. The company said
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
Read moreEU Commission to block Ryanair's bid for Aer Lingus
12th Feb 2013 14:17
Ryanair's bid for Aer Lingus is to be blocked by the European Commission, a move which the Irish budget airline claims is based purely in the interests of the Irish government. The company released a statement on Tuesday afternoon saying that it had been informed by the Commission at a 'State of Pl
Read moreAer Lingus CEO slams Ryanair's plans for new Irish airline - UPDATE
6th Feb 2013 09:28
Aer Lingus Chief Executive Officer Christoph Mueller on Wednesday criticised Ryanair's latest move in its bid to take over the Irish carrier. He slammed Ryanair's plans with British airline Flybe Group to create a new Irish carrier called Flybe Ireland if the Aer Lingus deal goes through. Ryanair
Read moreRyanair reports decline in passenger numbers
5th Feb 2013 14:44
Ryanair's passenger numbers descended in January after the budget carrier grounded up to 80 airlines following the busy holiday season. The European company said it carried 4.35m customers last month, a 1.0% fall or 50,000 less than the previous year. It held 500,000 less passengers than a month
Read moreRyanair prepared to pay Flybe 100m euros to buy Aer Lingus
5th Feb 2013 10:14
Regional airline carrier Flybe has confirmed that it has received an offer from European airline Ryanair regarding Ryanair's proposed takeover of Aer Lingus, Ireland's national flag carrier. According to Flybe, Ryanair has agreed to pay €100m and transfer a number of aircraft and operating routes t
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