EUROPEAN carrier FlyBe Group has been punished by high fuel prices and cooling demand from business passengers. Shares have slid by almost 30 per cent in the last 12 months, and traders will be looking to Thursday’s interim statement for guidance on how the company expects to benefit from its partnership with the Nordic carrier Finnair. GFT Markets quotes a price of 49.94p-51.06p for FlyBe Group.
Considering the disastrous public relations it has had over the last few months, it is surprising that shares in G4S are up 3 per cent this year. Its share price was routed after the Olympic security fiasco in June, but has since been trading between 260p and 270p, and currently sit towards the bottom of that range. Traders will be looking to tomorrow’s interim statement for clear direction. ETX Capital quotes a price of 260.59p-261.21p for G4S.
Burberry has struggled to recover since it issued a profit warning in September. Shares have bounced back after falling sharply, surging by 24 per cent in October alone; but it is still down by almost 10 per cent in the last year. The luxury retailer announces its interim results tomorrow, and investors will hope that they will be strong enough to sustain the recent momentum. Capital Spreads quotes a price of 1,238.3p-1,240.7p for Burberry.
SuperGroup has had an impressive run since a nadir in June, when shares hit a record low around 250p. Since then, the share price has powered ahead, but has petered out just below 700p. A third consecutive quarter of growth could provide reassurance that the worst is now behind the trendy retailer. IG quotes a price of 664p-670p for SuperGroup.