Flybe shares are hit by 25pc nosedive
SHARES in UK regional carrier Flybe fell by 25pc yesterday after the airline warned that profits in the current year would be way off analyst expectations. The airline floated on the stock exchange in December at £2.95 a share. Yesterday it closed at £1.72.
General Motors' profits go up a gear
US carmaker General Motors has reported first-quarter profits of $3.2bn (€2.2bn), more than three times higher than last year's $900m profit. The results, which beat expectations, were helped by a recovery in the US market, strong sales in China and the sale of GM's stake in Delphi Automotive.
Dunkin' dips its toe into the NASDAQ
DUNKIN' Brands Group, owner of Dunkin' Donuts and Baskin Robbins ice cream, is to sell shares on NASDAQ to raise up to $400m (€274m). But the regulatory filing did not say how many shares it would offer or how much they would cost.
Microsoft offers aid to voluntary sector
MICROSOFT Ireland has launched a new website to support non-profit organisations with both access and training around new technology. The website, www.microsoft.com/ireland/community/ngo, will provide a range of support for non-profit organisations, offering them access to the latest technology and training modules which demonstrate practical examples of how the technology can be used in order to reduce both costs and inefficiencies.
Morrisons beats sales forecasts
FIRST-quarter sales at Morrisons smashed City forecasts after it was boosted by the Royal Wedding and warm April weather. But the UK's fourth-biggest grocer warned it expects a "tough" year ahead as consumer confidence and spending remains depressed. The Bradford-based supermarket chain delivered underlying sales, excluding fuel and VAT, up by 2.5pc, for the 13 weeks to May 1 - ahead of City expectations of a 1pc rise.