Good morning!
I am back from a fine holiday in Athens – should have gone there a long time ago!
The economy and general state of economic progress did not seem to be doing particularly well on the ground, although that did not detract from a fantastic experience of Greek culture, cuisine, architecture and history. Did I mention the food?
The experience of Greece within the EU has been, let’s be diplomatic, somewhat mixed. And today is apparently going to be the voting day for MPs when it comes to Mrs May’s EU Withdrawal Agreement. It is natural that questions of politics will be on our minds.
This being the SCVR, I will be covering company news first, referring to macro developments only if they have a major impact on the markets.
Best,
Graham
Flybe (LON:FLYB)
Share price: 2.6p (-37%)No. of shares: 217 millionMarket cap: £6 millionOffer Update
This looks like very bad news for those who were hoping for an improved offer for Flybe.
The consortium, Connect Airways (Virgin Atlantic/Stobart), is lending Flybe’s main operating company £20 million, under revised conditions. Flybe wasn’t able to satisfy the original conditions.
£10 million of the funds will be released…
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
