June 11, 2019 / 1:29 PM / 3 months ago

BUZZ-Stobart at session high after ex-CEO's appeal request denied

** Shares of infrastructure and support services company jump as much as 10% in heavy volume, last up 4.2%

** STOB among top gainers on FTSE mid-cap index after saying court of appeal denied former CEO Andrew Tinkler’s application to challenge parts of a Feb. 15 ruling

** Court had ruled in favour of company in its battle with Tinkler, who was found in breach of his fiduciary and contractual duties on four separate counts

** STOB terminated Tinkler’s employment in June last year after he launched a campaign for removal of Chairman Iain Ferguson

** YTD, stock is down ~25% at current levels (Reporting by Shariq Khan in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below