FTSE LIVE: Ryanair slumps to €22million loss; Flybe chairman under pressure to quit; UK stocks in the green after the bell
- Ryanair said it made a €22.1million pre-tax loss in the last three months of 2018
- Flybe chairman Simon Laffin faces being ousted by shareholders next month
- The FTSE 100 eked out a 0.1 per cent rise after the bell to 7,028.04
The FTSE 100 and its European counterparts are expected to get off to a slow start this week, but the blue chip index nudged up a few points after the bell to hold above the all-important 7,000 level.
Budget airline Ryanair racked up losses of over €22million in the last three months of 2018 after intense competition forced it to slash the price of its flights.
Meanwhile in the airline sector, takeover target Flybe is to hold a shareholder vote in March on whether to oust chairman Simon Laffin.
Take off: Plenty of news from the airline sector today as Ryanair posts a loss and Flybe shareholders put its chairman under pressure and scrutinise its two takeover options