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Stobart Group 'conserve cash and reduce cost' to streamline new strategic business model

Stobart Group Ltd (LON:STOB) Warwick Brady talks to Proactive London's Katie Pilbeam about their new strategy to exit rail, energy and air to concentrate on London’s Southend Airport.

Brady explains how they plan to 'create the most shareholder value' for Stobart Group by 'getting rid of everything that is non-strategic'.

He goes on to explain their tender to secure a long-term flying agreement with Aer Lingus beyond 2022 as part of its effort to dispose of regional carrier Stobart Air before the end of February 2021.

Quick facts: Esken Ltd

Price: 33.95 GBX

LSE:ESKN
Market: LSE
Market Cap: £212.16 m
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Esken is the brand new name for Stobart Group, meaning 'ascend, climb and rise'

Esken Limited's (LON:ESKN) Warwick Brady introduces their new branded company after selling part of their portfolio to Eddie Stobart Logistics for £10m. The company is still the owner of London’s Southend Airport, Dublin-based air franchise operator Stobart Air and aircraft leasing business...

3 weeks, 2 days ago

2 min read