Flybe, Conviviality and Purplebricks

“The FTSE100 opened the week on the back foot in the wake of mostly lower US and Asian stocks indices. Traders will be looking to a string of US data including personal income and spending and pending home sales,” says AJ Bell Investment Director Russ Mould.

“Low-cost airline Flybe’s shares were down in early trading after a difficult third quarter. The airline continued to grow revenue by deploying previously committed additional capacity, but this increased capacity and tough trading conditions resulted in lower load factors. UK regional connectivity will be increased with new routes between Edinburgh, Aberdeen and London Heathrow in March and these routes will allow for connectivity with Flybe's codeshare partners.

“Conviviality increased its revenues and margins in the six months to 30 October. Conviviality has successfully restructured to create three business units, Conviviality Direct, Conviviality Retail and Conviviality Trading, while the acquisition of Bibendum has strengthened its leading position both in the on-trade and as a centre of excellence for wine.

“Online estate agent Purplebricks’ shares continue on their upward trajectory. The company has seen record monthly valuations and instructions in January but insists this is in line with forecasts and its full-year expectations are unchanged.”

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