Hanger8 flies on positive update

Hanger8's announcement that it had 'very strong' start to the financial year and that it expects full year results to be above market expectations sent the shares soaring in early morning trade on Wednesday.

Hanger8's announcement that it had 'very strong' start to the financial year and that it expects full year results to be above market expectations sent the shares soaring in early morning trade on Wednesday.

The business jet charter and management company revealed that earnings before interest, tax, depreciation and amortisation (EBITDA) for the three months ended September 30th were up 331% to £0.46m (Q1 2011: £0.11m).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.