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 and 11 pct rise in passenger revenue as at July 17
** Stock top performer on the FTSE All Share Travel & Leisure Index and second largest gainer on the FTSE All Share Index
** Numis Securities initiates coverage with a TP of 132 p, adding that co is now ready for profitable growth and strong free cash flow generation
** "We project c.£89m of free cash flow over the next three years, almost 60% of the market cap." Numis Securities analysts said (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)