|Bid||106.40 x N/A|
|Ask||106.80 x N/A|
|Day's range||105.20 - 110.23|
|52-week range||101.00 - 261.00|
|Beta (3Y monthly)||2.26|
|PE ratio (TTM)||N/A|
|Earnings date||10 May 2019 - 13 May 2019|
|Forward dividend & yield||0.15 (11.31%)|
|1y target est||296.00|
China's Communist Party newspaper warned on Wednesday that Beijing was ready to use its dominance in rare earths to strike back against the United States in their increasingly bitter trade dispute. London's listed mining companies, focused on conventional industrial metals and a large part of the blue-chip index, slipped 2% on its worst day in nearly three months amid worries about the trade war's effect on global demand. Asia-exposed banks HSBC and Standard Chartered were also hit, while oil majors BP and Shell also dragged down the main index as crude prices sank 2%.
(Reuters) - Flybe Ltd said on Tuesday Chief Executive Officer Christine Ourmières-Widener would step down on July 15, months after the sale of the low-cost airline to a consortium including Richard Branson. ...
A corporate turnaround veteran will next week be unveiled as the new chairman of Stobart Group, the FTSE-250 conglomerate, as it seeks to draw a line under more than a year of boardroom warfare. Sky News has learnt that David Shearer, the chairman of equipment rental group Speedy Hire, has been identified as Iain Ferguson's successor by Stobart's directors. Mr Shearer's appointment is likely to be announced alongside the industrial conglomerate's annual results.
(Reuters) - British airport operator Stobart Group Ltd will name David Shearer, who is now chairman of equipment rental group Speedy Hire Plc, as its new chairman, Sky News reported on Saturday. The appointment ...
Flybe said the new preliminary financing proposal was from Bateleur Capital, Mesa Air Group Inc with support from Stobart Group former boss Andrew Tinkler. Flybe said on Wednesday that the proposal was "highly conditional" and it does not believe it could be workable in the time-frame required to enable Flybe to continue to trade. The optional financing proposal, which includes other undisclosed institutional shareholders, could look to inject cash into Flybe and replace the current funding, according to a statement.
Flybe Group Plc said it had received a preliminary proposal from Bateleur Capital, Mesa Air Group Inc with support from Stobart Group former boss Andrew Tinkler for a possible optional financing proposal. ...
An Arizona-based commuter airline is backing a proposal to shore up the finances of Flybe, the struggling regional carrier, in a last-ditch effort to scupper a takeover led by Virgin Atlantic Airways. Sky News can exclusively reveal that Mesa Air Group, which is headquartered in Phoenix, is part of a consortium which has tabled an offer to inject £65m of new equity into Flybe. The rival proposal is understood to have been submitted to Flybe's board, chaired by Simon Laffin, on Tuesday afternoon.
Flybe Group Plc (LSE: FLYB.L - news) has agreed to demands from its largest shareholder to call a general meeting to consider replacing Chairman Simon Laffin following the cut-price sale of the British regional airline. The U-turn on Monday by Flybe, which had rejected the call by Hosking Partners last week, boosted its lowly shares as much as 30 percent in early trade before paring the gains to trade up 10.7 percent at 3.56 pence at 1040 GMT. Richard Branson's Virgin Atlantic, Stobart Group and Cyrus Capital agreed to buy Flybe for an initial 2.2 million pounds ($2.9 million), a far cry from its 215 million pounds valuation when it joined the London Stock Exchange (Other OTC: LDNXF - news) in 2010.
British airline Flybe, which is being bought by a consortium of Virgin Atlantic, Stobart Group and Cyrus Capital, said on Sunday it had been approached by Stobart's ex CEO Andrew Tinkler about a possible alternative financing proposal. Tinkler's approach to Flybe, which was made on Friday, was first reported on Sunday by City AM and the Financial Times.
Flybe, which is being bought by Richard Branson's Virgin Atlantic, Stobart Group and Cyrus Capital for an initial 2.2 million pounds, also said a resolution to push Flybe's directors to appoint industry veteran Eric Kohn to investigate the sale process, if proposed, would be ineffective. Flybe shares slumped 23.9 percent after it responded to the correspondence received from Hosking.
Flybe Group Plc (LSE: FLYB.L - news) on Wednesday said its largest shareholder Hosking Partners' request to oust Chairman Simon Laffin and investigate the British regional airline's cut-price sale to a consortium "was not a valid request". Flybe, which is being bought by Richard Branson's Virgin Atlantic (Shanghai: 600558.SS - news) , Stobart Group and Cyrus Capital for an initial 2.2 million pounds ($2.88 million), also said a resolution to push Flybe's directors to appoint industry veteran Eric Kohn to investigate the sale process, if proposed, would be ineffective.
Hosking Partners LLP, which owns 18.72 percent of Flybe according to Refinitv Eikon data, has asked the company to appoint industry veteran Eric Kohn as director, Flybe said. Earlier this month, Flybe agreed to be bought by a group comprising Richard Branson's Virgin Atlantic, Stobart Group and Cyrus Capital for $2.8 million (2.13 million pounds), a 94 percent discount to the stock's closing price a day before the sale announcement.
The largest shareholder in Flybe Group (LSE: FLYB.L - news) Plc is seeking to oust Chairman Simon Laffin and investigate the British regional airline's cut-price sale to a consortium agreed this month. Flybe's lowly shares surged as much as 36 percent after London-based investor Hosking Partners LLP asked the company to appoint industry veteran Eric Kohn as director.
Britain's FTSE 100 opened lower on Monday, taking direction from the wider market where worries over slowdown in China muted a cheer from reopening of the U.S. government after weeks of shutdown, while Ocado rallied on a report of a tie-up with M&S. The blue-chip index dipped 0.4 percent, while the FTSE 250 index was 0.1 percent lower as at 0911 GMT. Overnight, Asian shares have rallied on relief after Washington moved to temporarily end the longest U.S. government shutdown in history.
A battle over the cut-price sale of Flybe will gather pace next week after the airline's biggest shareholder demanded the sacking of its chairman. Sky News has learnt that Hosking Partners wrote to Flybe on Friday to requisition an extraordinary general meeting (EGM) aimed at ousting Simon Laffin, the City grandee who has chaired Flybe for five years. The fund management firm run by Jeremy Hosking, a prominent investor, wants to install Eric Kohn, an experienced aviation executive, in Mr Laffin's place.
Flybe's biggest shareholder has launched a stunning attack on its directors, accusing them of breaching their duties to investors and threatening a legal challenge to the cut-price takeover of one of Britain's best-known airlines. Sky News has learnt that Hosking Partners, a prominent London-based asset manager which holds a stake of close to 19% in Flybe, has instructed lawyers to explore its options in relation to the company's proposed sale to a consortium led by Virgin Atlantic Airways . In a letter to the directors of Flybe, details of which have been relayed to Sky News, Hosking Partners is understood to have expressed concern that they had allowed a false market in the company's shares to develop by failing to update the City on its financial position in a timely fashion.
In addition, Flybe said it reached a revised bridge loan of up to 20 million pounds to provide funding to Flybe Limited, of which 10 million will be available on Tuesday to support the business. The new developments occur after the firm was not able to satisfy conditions for a 20 million pound loan to help its working capital requirements in light of a take over offer by Richard Branson's Virgin Atlantic, and Stobart Group (STOB.L) and Cyrus Capital to buy Flybe for $2.8 million. A joint venture company called Connect Airways - 40 percent owned by Cyrus' unit DLP Holdings and 30 percent each owned by Stobart Group's aviation unit and Virgin Atlantic - had won the backing of Flybe's board to buy the airline.