Stobart Group Ltd

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Market Cap:
£413.1 m
52 weeks high
52 weeks low

Viewing results 1-25 of 108

Industry & services

Stobart's Southend Airport to become 'next big airport for London', says boss

“The jewel in the crown for our business is Southend and essentially I think it’s a trophy asset for London,” Stobart boss Warwick Brady said....

3 weeks, 5 days ago

Woodford's reverse-Midas touch set to continue as BenevolentAI faces valuation plunge

BenevolentAI, which is a major investment for more than one of Woodford's funds, will see its valuation drop when it next raises money, according to reports...

on 8/7/19
Industry & services

Stobart and Virgin-backed Connect Airways receives EU approval for Flybe takeover

“Connect Airways can now progress with an exciting future based on a low-cost customer-centric regional connectivity strategy”...

on 5/7/19
Industry & services

Connect Airways consortium nabs Virgin Atlantic's Mark Anderson for top job

Anderson has been the executive vice president of Virgin Atlantic’s customer experience since February 2019. prior to that he was senior vice president and managing director of Virgin Holidays...

on 12/6/19
Industry & services

Stobart Group says former CEO Andrew Tinkler has application for February judgment appeal refused

On May 17, the FTSE 250-listed firm had noted that Tinkler had applied for permission to appeal certain aspects of the trial judgment handed down on 15 February 2019...

on 11/6/19
Industry & services

Stobart airport and energy assets “consensually attractive” says Jefferies as it initiates at ‘buy’

The broker said that while there were still some obstacles facing the FTSE 250 firm, as these were removed the value of the key assets would steadily rise along with the share price...

on 6/6/19
Industry & services

Stobart focuses on expansion of Southend Airport and energy business after 'transformational year'

"Stobart Group has a clear focus on developing infrastructure assets in the aviation and energy sectors," chief executive Warwick Brady said....

on 31/5/19
Industry & services

Stobart issues upbeat outlook as it focuses on airport expansion

Stobart reported a 39% jump in full-year revenue, led by a strong performance in its core aviation and energy businesses ...

on 29/5/19
Industry & services

Stobart Group updates on legal proceedings with Andrew Tinkler

Stobart said that at a High Court hearing on 16 May, Judge Russen had ordered its former CEO Tinkler to pay 55% of the company's legal costs related to the first trial in November 2018...

on 17/5/19
Industry & services

Stobart names Speedy Hire's David Shearer as new chairman

The former accountant previously chaired infrastructure specialist Mouchel Group and builder Crest Nicholson...

on 15/5/19
Industry & services

Stobart to release full-year results two weeks later than planned

Stobart said it is confident of delivering full-year revenue, underlying EBITDA and a final dividend in line with management expectations...

on 13/5/19
Retail & consumer

Flybe blames pilot shortage for flight cancellations as it considers possible job cuts

Flybe said it will “follow all the rules of compensation” for passengers affected by the flight cancellations and expects to resume normal operation “as soon as possible"...

on 3/4/19
Industry & services

Stobart Group names executive with significant airlines experience as its chief financial officer from 1 April

Lewis Girdwood has served as chief financial officer since 2017 of IAG Cargo, which provides global cargo services to British Airways, Iberia, Aer Lingus and other IAG-owned airlines...

on 1/4/19
Retail & consumer

Wow Air collapse highlights competitive pressures facing budget airlines

"The failure of Wow Air is symptomatic of the intense competition that the European budget airlines operate under,” said Fiona Cincotta, senior market analyst at City Index...

on 28/3/19
Industry & services

Stobart to ramp up investment at London Southend airport

Stobart will need upgrade the infrastructure at Southend if it is to hit its long-term target of welcoming ten million passengers a year...

on 13/3/19
Industry & services

Stobart makes further remarks on victory in legal battle with former boss Andrew Tinkler

Stobart said it wanted to draw attention to the fact that the judge said board members acted in “good faith in the best interests of the company” in publishing an announcement to shareholders on May 29....

on 1/3/19
Industry & services

Virgin-backed Connect Airways completes Stobart Air, Flybe acquisitions

Connect has paid £40mln for Stobart’s regional airline and aircraft leasing business, while it has also completed the £2.8mln purchase of Flybe's main trading assets...

on 22/2/19
Retail & consumer

Flybe up as it rejects possible optional financing proposal supported by former Stobart boss Andrew Tinkler

Flybe said the proposal was "highly conditional" and the group does not believe it was executable in the time-frame required to enable the airline to continue to trade...

on 20/2/19
Retail & consumer

Flybe shares fall as weekend collapse of rival Flybmi focuses investor attention on low-ball takeover bid

East Midlands airport based Flybmi announced on Saturday night that it has ceased operations and is filing for administration blaming Brexit "uncertainty" and "spikes in fuel and carbon costs"...

on 18/2/19
Industry & services

Court rules Stobart’s decision to dismiss ex-CEO Tinkler was “lawful and valid”

Andrew Tinkler had taken his old employer to court after he was removed as a director and an employee last summer...

on 15/2/19
Retail & consumer

Flybe warns shareholders it would be wound up if they do not support recommended takeover offer

In a statement released after the market close on Thursday, the budget airline said that unless the Connect Airways deal goes through investors "are likely to receive no value for their shares"...

on 8/2/19
Retail & consumer

Flybe flies higher after two separate moves that could lead to shareholders getting a better takeover deal

Flybe confirmed it “received a very preliminary, short and highly conditional outline contingency proposal” from former Stobart boss Andrew Tinkler “which envisages a capital injection and replacement of the funding provided by the Connect Airways consortium”...

on 4/2/19