Stobart Group Ltd (STOB.L)
15 Apr 2014
|Market Cap (Mil.):||£481.89|
|Shares Outstanding (Mil.):||354.33|
LONDON, April 1 - The sale of a majority stake of Eddie Stobart Logistics, the transport and distribution arm of British freight company Stobart is being financed with 160 million pounds ($266.17 million) of debt, banking sources said on Tuesday.
* Co to sell stake in transport and distribution business for 239.7 mln stg
March 6 - British freight company Stobart Group Ltd said it would sell 51 percent of its core transport and distribution business for 239.7 million pounds ($401 million) to a group led by Chief Operating Officer William Stobart and backed by an asset management firm.
Oct 24 - British haulier Stobart Group Ltd's first-half revenue from continuing operations jumped 33 percent, helped by its acquisition of Autologic Holdings in mid 2012.
Oct 24 - Stobart Group Ltd : * H1 revenue from continuing operations 330.2 million stg versus 247.4 million stg a year ago * H1 pretax profit from continuing operations 10.4 million stg versus 10.5 million stg a year ago * Interim dividend 2 pence per share * Says group is on track with its four-year strategy to deliver shareholder value * Says to consider assets for sale when we believe we have no further opportunities to add value * No new major operational capital expenditure