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Stobart Group Ltd (STOB.L)

STOB.L on London Stock Exchange

117.00GBp
14 Nov 2019
Change (% chg)

-6.00 (-4.88%)
Prev Close
123.00
Open
117.00
Day's High
120.00
Day's Low
111.80
Volume
3,428,495
Avg. Vol
882,572
52-wk High
209.50
52-wk Low
98.10

Latest Key Developments (Source: Significant Developments)

Stobart Group Signs Agreement At London Southend Airport
Wednesday, 9 Oct 2019 

Oct 9 (Reuters) - Stobart Group Ltd ::AGREEMENT AT LONDON SOUTHEND AIRPORT.OPERATIONS WILL COMMENCE IN OCTOBER 2019 AND CUSTOMER MAY RENEW AGREEMENT ON AN ONGOING BASIS.SIGNED DEAL WITH GLOBAL LOGISTICS CUSTOMER TO PROVIDE FACILITIES, EXPERTISE TO SUPPORT IMPORT, EXPORT OF GOODS AT LONDON SOUTHEND AIRPORT.SIGNED AN AGREEMENT WITH A LOGISTICS CUSTOMER TO PROVIDE FACILITIES, EXPERTISE TO SUPPORT IMPORT AND EXPORT OF GOODS AT SOUTHEND AIRPORT.INITIAL TWO-YEAR AGREEMENT WILL SEE CO PROVIDE RUNWAY ACCESS AND IMPORT/EXPORT FACILITIES.AGREEMENT EXPECTED TO CONTRIBUTE TOWARDS STOBART GROUP'S UNDERLYING EBITDA FROM FY2020 ONWARDS.  Full Article

Stobart Says Cautious About Short-Term Airline Passenger Forecasts
Wednesday, 25 Sep 2019 

Sept 25 (Reuters) - Stobart Group Ltd ::TRADING UPDATE.GROUP IS TRADING IN LINE WITH MARKET EXPECTATIONS AND CONTINUES TO MAKE STRONG COMMERCIAL PROGRESS IN ITS TWO CORE DIVISIONS.PASSENGER NUMBERS AT LONDON SOUTHEND AIRPORT HAVE INCREASED BY 42% IN SIX MONTHS TO 31 AUGUST 2019, COMPARED TO SAME PERIOD LAST YEAR.GIVEN ONGOING UNCERTAINTY IN SECTOR, IN PART CAUSED BY BREXIT, GROUP IS TAKING A CAUTIOUS APPROACH TO PASSENGER FORECASTS IN SHORT TERM.BOARD WORKING ON BASIS OF CIRCA 2.3 MILLION PASSENGERS FOR YEAR ENDING 29 FEBRUARY 2020 AT LONDON SOUTHEND AIRPORT.STOBART RAIL & CIVILS HAS BEEN AFFECTED BY DELAYS TO TENDERING FOR WORKS ASSOCIATED TO CONTROL PERIOD 6 WHICH COMMENCED 1 APRIL.ONGOING REORGANISATION AT NETWORK RAIL HAS FURTHER IMPACTED PACE OF NEW CONTRACT AWARDS TO STOBART RAIL & CIVILS.STOBART RAIL & CIVILS HAS BEEN REORIENTED TO FOCUS ON SECURING PROFITABLE NEW EXTERNAL CONTRACTS.  Full Article

Stobart Says London Southend Airport Signs Wizz Air Agreement
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Stobart Group Ltd ::LONDON SOUTHEND AIRPORT SIGNS WIZZ AIR AGREEMENT.NEW PARTNERSHIP WITH LARGEST LOW-COST AIRLINE IN CENTRAL AND EASTERN EUROPE, WIZZ AIR.WIZZ AIR WILL PUT ON SALE THREE NEW ROUTES FROM LONDON SOUTHEND AIRPORT TO BUCHAREST (ROMANIA), SIBIU (ROMANIA), AND VILNIUS (LITHUANIA).WIZZ AIR WILL OPERATE 14 WEEKLY FLIGHTS FROM AIRPORT, USING AIRBUS A320 AIRCRAFT.AIRPORT EXPECTS TO WELCOME AN ADDITIONAL 250,000 PASSENGERS IN FIRST YEAR OF 5-YEAR AGREEMENT.  Full Article

Connect Airways Announces Appointment Of Mark Anderson As CEO
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Connect Airways::CONNECT AIRWAYS ANNOUNCES APPOINTMENT OF MARK ANDERSON AS CEO.  Full Article

Stobart Provides Update On Legal Proceedings
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Stobart Group Ltd ::STOBART GROUP LTD - UPDATE ON LEGAL PROCEEDINGS.ANDREW TINKLER'S APPLICATION FOR PERMISSION TO APPEAL SOME ASPECTS OF JUDGMENT HANDED DOWN ON 15 FEB. HAS BEEN REFUSED BY COURT OF APPEAL.  Full Article

Stobart To Unveil David Shearer As Its New Chairman - Sky News
Saturday, 11 May 2019 

May 11 (Reuters) - :STOBART TO UNVEIL DAVID SHEARER, THE CHAIRMAN OF EQUIPMENT RENTAL GROUP SPEEDY HIRE, AS ITS NEW CHAIRMAN - SKY NEWS.  Full Article

Stobart Group Names Lewis Girdwood As CFO
Monday, 1 Apr 2019 

April 1 (Reuters) - Stobart Group Ltd ::APPOINTMENT OF LEWIS GIRDWOOD AS CHIEF FINANCIAL OFFICER.INTERIM CHIEF FINANCIAL OFFICER MICHAEL WILLIAMSON WILL STEP DOWN FROM HIS POSITION FOLLOWING A SHORT HANDOVER.APPOINTMENT OF LEWIS GIRDWOOD AS CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR WITH EFFECT FROM 1 APRIL 2019.  Full Article

Flybe Group Says Offer Scheme Has Now Become Effective
Monday, 11 Mar 2019 

March 11 (Reuters) - Flybe Group PLC ::FLYBE GROUP PLC - SCHEME EFFECTIVE & INTENDED ADJOURNMENT OF MEETING.FLYBE- COURT ORDER DELIVERED TO REGISTRAR OF COMPANIES TODAY AND, ACCORDINGLY, OFFER SCHEME HAS NOW BECOME EFFECTIVE IN ACCORDANCE WITH ITS TERMS.  Full Article

Flybe Dismisses Top Investor Call For Chairman Removal, Sale Inquiry
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Flybe Group PLC ::RESPONSE TO HOSKING PARTNERS LLP.RESPONDED TO CORRESPONDENCE RECEIVED FROM HOSKING PARTNERS LLP REFERRED TO IN THAT ANNOUNCEMENT.HAS INFORMED HOSKING PARTNERS LLP THAT DOCUMENTATION AS RECEIVED IS NOT A VALID REQUEST UNDER SECTION 303 OF COMPANIES ACT 2006.CONFIRMED TO HOSKING, THAT, IF APPOINTED, NEW DIRECTOR WOULD ENJOY USUAL RIGHTS TO INFORMATION, FREEDOMS OF ACTION ENJOYED BY ALL DIRECTORS."BOARD REAFFIRMS THAT IT HAS ACTED AT ALL TIMES IN INTERESTS OF ITS SHAREHOLDERS".INVITED HOSKING TO PROCURE THAT A VALID REQUEST UNDER SECTION 303 IS SUBMITTED..INFORMED HOSKING THAT RESOLUTION TO DIRECT DIRECTORS TO APPOINT KOHN TO CONDUCT INVESTIGATION WOULD, IF PROPOSED, BE INEFFECTIVE.  Full Article

Flybe Says Connect Airways Provided 10 Mln Stg Of Committed Credit Facility
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Flybe Group PLC ::OVERVIEW OF OFFER TO SHAREHOLDERS.CONNECT AIRWAYS HAS NOW PROVIDED FIRST £10M OF £20M SECURED COMMITTED CREDIT FACILITY.SALE TO CONNECT AIRWAYS OF FLYBE'S TRADING SUBSIDIARIES IS EXPECTED TO COMPLETE BY LONGSTOP DATE OF 22 FEBRUARY 2019.CONTINUES TO RECEIVE PAYMENTS FROM ITS CARD ACQUIRERS IN ACCORDANCE WITH ARRANGEMENTS AGREED AT TIME OF SPA BEING ENTERED INTO."ARRANGEMENTS WITH COMPANY'S CREDIT CARD ACQUIRERS AND BANKS ARE IMPORTANT TO ENABLE FLYBE TO CONTINUE TO TRADE".ARRANGEMENTS WITH COMPANY'S CREDIT CARD ACQUIRERS AND BANKS ARE CONDITIONAL THEMSELVES UPON SPA COMPLETING.  Full Article