Hangar8 shares take off

Private aircraft operator Hangar8 was the biggest riser on the Alternative Investment Market yesterday, as its shares soared 25 per cent following a strong trading update. The firm said it had enjoyed “a very strong start to the year” as profits quadrupled in the quarter to £461,000. Hangar8, which listed in 2010, said full year profits for 2013 are now expected to be materially above expectations.