FTSE LIVE: Virgin and Stobart swoop on Flybe; Lidl snaps up spend from grocery store rivals


FTSE LIVE: Economic system grows 0.2% in November; Virgin and Stobart swoop on Flybe for 1p; Debenhams shares plunge; High index climbs again above 7,000

  • Ailing airline Flybe has been rescued by Virgin Atlantic and Stobart for £2.2m 
  • UK gross sales at AO World grew by a ‘stable’ 8.2% within the final three months 
  • Lidl gross sales jumped 8% over Christmas, due to a 33% uplift in premium vary
  • The FTSE 100 opened within the inexperienced on Friday, up 0.3% at 6,962.25 

Virgin Atlantic and Stobart Group have teamed as much as rescue of regional airline Flybe in a deal that values the agency at £2.2million and can see the creation of a brand new airline group. 

A number of extra retailers are issuing festive gross sales figures right now. On-line electricals agency AO World stated UK gross sales jumped 8.2 per cent within the Golden Quarter, which covers each Christmas and Black Friday. 

In the meantime, gross sales at Lidl have been Eight per cent increased in December, together with a 33 per cent leap in its premium Deluxe vary.  

Ailing airline Flybe has been rescued by Virgin Atlantic and Stobart for £2.2million

Ailing airline Flybe has been rescued by Virgin Atlantic and Stobart for £2.2million

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