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Stobart Group Ltd

Stobart Group making big strides in Aviation and Energy divisions

Warwick Brady, chief executive of Stobart Group Ltd (LON:STOB), tells Proactive Investors the group's expecting the number of passengers using Southend Airport to rise to two-and-a-half million in 2019.

Passengers rose 37% to 839,000 in the six months to August, but Easyjet recently added a fourth plane, while Ryanair will base three aircraft at the airport from next year.

Biomass increased underlying profits by 89% to £8.7mln though rails and civil engineering posted a loss of £4.8mln and a new commercial team has been appointed

Quick facts: Stobart Group Ltd

Price: £1.11

Market: LSE
Market Cap: £413.1 m
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Stobart Group joint venture gets go-ahead for its £2.8mln takeover of Flybe

Stobart Group Ltd's (LON:STOB) Warwick Brady tells Proactive London's Andrew Scott Connect Airways, the joint venture between Stobart, Virgin Atlantic and New York hedge fund Cyrus Capital, has received clearance from European regulators for its £2.8mln takeover of Flybe. Flybe sold its...

on 8/7/19

2 min read