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BUZZ-Flybe: slumps after Stobart gives up pursuit of co

Thu, 22nd Mar 2018 08:57

** Flybe Group shares down 25 pct in volume afterStobart says it has scrapped plans to buy the company

** Stobart says Flybe rejected a bid, and it has decidedagainst making a higher offer

** Flybe has been hit by faltering demand and co's shareslost almost a third of their value in 2017

** Worst day for stock in >3 years

** Stobart -1.3 pct(harish.bhaskar.thomsonreuters.com@reuters.net)

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