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Flybe soars as IAG said to be lining up bid

Mon, 26th Nov 2018 14:19

(Sharecast News) - Shares in Flybe surged again on Monday following a report that International Consolidated Airlines is considering bidding for the budget airline.According to the Sunday Telegraph, IAG is planning to go head to head with Virgin Atlantic after Flybe confirmed last week that the airline founded by Richard Branson was among the parties with whom it was in discussions about a possible sale.The Telegraph cited multiple industry sources as saying that IAG was in pole position to buy Flybe, whose regional network would provide a useful link into BA's global hub at Heathrow.Southend airport owner Stobart Group - which abandoned its pursuit of Flybe back in March after the two parties were unable to agree terms - is also said to be in the running for Flybe again.Flybe announced earlier this month that it was putting itself up for sale as it posted a drop in first-half profits. It also said it was reviewing other options, including further capacity and cost saving measures and initiatives to strengthen the balance sheet and preserve cash resources.At 1430 GMT, the shares were up 38.7% to 22.95p.
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8 Oct 2015 08:56

Flybe signs Regional & City Airports

(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

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8 Oct 2015 07:38

Flybe Signs Deal With Regional & City Airports For E195 Aircraft

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22 Sep 2015 07:23

Europe's airlines spruce up their jet fuel hedges

By Lisa Barrington LONDON, Sept 22 (Reuters) - European airlines are exploiting a collapse in oil prices by hedging more of their fuel needs further into the future, but those that kept their powder dry before the rout are emerging as clear winners, industry sources say. At a time of

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24 Jul 2015 16:19

Friday broker round-up

(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

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24 Jul 2015 08:38

BROKER RATINGS SUMMARY: Jefferies Cuts South32 To Hold From Buy

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23 Jul 2015 08:35

BROKER RATINGS SUMMARY: Macquarie Raises Sky, Cuts BT And TalkTalk

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22 Jul 2015 07:34

BUZZ-Flybe Group: Top LSE gainer on strong Q1 report

** Budget airline Flybe up 7.4 pct making it the top LSE gainer, after co reports a strong Q1 with sustained passenger and revenue growth ** Co reports 9.8 pct rise in Q1 passenger numbers and 11.6 pct jump in passenger revenue ** Strong Q2 outlook with 16 pct rise in seat capacity a

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22 Jul 2015 07:30

LONDON BRIEFING: easyJet Shares Buck Down Market As It Beats Guidance

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22 Jul 2015 07:13

Flybe Revenue Grows In First Quarter As Passenger Numbers Rise

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22 Jul 2015 05:17

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21 Jul 2015 15:36

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