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Stobart Group Ltd (STOB.L)

STOB.L on London Stock Exchange

247.62GBp
3:48pm IST
Change (% chg)

1.62 (+0.66%)
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246.00
Open
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Volume
374,526
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289.90
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209.50

Latest Key Developments (Source: Significant Developments)

Stobart Appoints Employment Barrister To Investigate Alleged Bullying, Whistleblowing
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Stobart Group Ltd ::APPOINTED RUSSELL REYNOLDS ASSOCIATES TO HELP TO IDENTIFY PERSONS TO BE APPOINTED AS NON-EXECUTIVE CHAIRMAN, SENIOR INDEPENDENT DIRECTOR.CONTINUING ITS SEARCH TO FIND A SUITABLE INTERIM CHIEF FINANCIAL OFFICER.ANNOUNCED APPOINTMENT OF ALICE MAYHEW TO CARRY OUT AN INDEPENDENT INVESTIGATION.APPOINTED RUSSELL REYNOLDS ASSOCIATES TO HELP TO IDENTIFY PERSONS TO BE APPOINTED AS ONE OR MORE ADDITIONAL NON-EXECUTIVE DIRECTORS.AWARE ALLAN LEIGHTON, WHO HAD BEEN SUGGESTED BY 1 SHAREHOLDER AS POSSIBLE CHAIRMAN CANDIDATE, HAS ADVISED HE DOES NOT WISH TO BE CONSIDERED.MAYHEW WILL BE SEEKING TO INTERVIEW ALL MEMBERS OF EXECUTIVE LEADERSHIP TEAM, AMONG OTHERS, AS PART OF HER INVESTIGATION.ALICE MAYHEW TO CARRY OUT INVESTIGATION INTO CONCERNS RAISED BY SOME EMPLOYEES REGARDING "ALLEGED BULLYING AND WHISTLEBLOWING".  Full Article

Stobart Says Sole Resolution Proposed At EGM Now Ineffective
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Stobart Group Ltd ::ON 5 JUNE, CO SAID IT RECEIVED REQUISITION FROM 3 SHAREHOLDERS HOLDING IN EXCESS OF 33 PERCENT OF CO'S VOTING CAPITAL TO NOMINATE PHILIP DAY AS DIRECTOR.REQUISITION FROM SHAREHOLDERS COMPRISED ANDREW TINKLER, FUNDS ACTING THROUGH WOODFORD INVESTMENT MANAGEMENT LIMITED AND ALLAN JENKINSON.SOLE RESOLUTION PROPOSED AT EGM IS NOW INEFFECTIVE.PHILIP DAY IS NOT ELIGIBLE TO BE ELECTED AS A DIRECTOR AT EGM.  Full Article

Stobart Says Contacted By One Party Interested In Making A Significant Investment
Monday, 9 Jul 2018 

July 9 (Reuters) - Stobart Group Ltd ::BOARD PLANS AND ACTIONS FOLLOWING AGM.SETTING OUT PROPOSALS TO SEEK TO UNIFY INTERESTS OF SHAREHOLDERS, TO PROVIDE FRAMEWORK FOR DELIVERY OF STRATEGY TO BENEFIT OF ALL STAKEHOLDERS.APPOINT LEADING INDEPENDENT SEARCH FIRM TO IDENTIFY SUITABLY QUALIFIED AND INDEPENDENT PERSONS TO BE APPOINTED AS NON-EXECUTIVE CHAIRMAN.COMMENCED EXECUTIVE SEARCH TO FIND SUITABLE INTERIM REPLACEMENT AS CFO FOR RICHARD LAYCOCK, FOLLOWING HIS STEPPING DOWN FROM BOARD ON 5 JULY.BOARD WILL IMMEDIATELY APPOINT AN INDEPENDENT FIRM TO INVESTIGATE MATTERS RELATED TO ALLEGED BULLYING AND WHISTLEBLOWING."BOARD WILL MAKE A PROPOSAL FOR ANDREW TINKLER'S SHAREHOLDING AS SOON AS PRACTICABLE".CONTACTED BY ONE PARTY INTERESTED IN MAKING A SIGNIFICANT INVESTMENT IN COMPANY; BOARD WILL ACTIVELY EXPLORE OTHER OPTIONS.  Full Article

Stobart Says CFO Richard Laycock To Step Down
Friday, 6 Jul 2018 

July 6 (Reuters) - Stobart Group Ltd ::REMAIN ON TRACK TO DELIVER OUR MEDIUM-TERM OBJECTIVES.QUARTERLY INTERIM DIVIDEND OF 4.5P WILL BE PAID ON FRIDAY TO SHAREHOLDERS WHO WERE ON REGISTER AT 15 JUNE 2018.RICHARD LAYCOCK HAS DECIDED TO STEP DOWN AS ITS CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR.BOARD HAS COMMENCED AN EXECUTIVE SEARCH TO IDENTIFY A SUITABLE INTERIM REPLACEMENT FOR CFO ROLE.ENERGY DIVISION HAS PERFORMED WELL, WITH TONNAGES UP 54% YEAR ON YEAR DUE TO NEW CONTRACTS BECOMING OPERATIONAL.FURTHER NON-OPERATING ASSET DISPOSALS ARE BEING PURSUED IN INFRASTRUCTURE DIVISION.  Full Article

Stobart say H1 ‍revenue at 124.6 million stg vs 65.3​ million stg yr ago
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Stobart Group Ltd ::H1 ‍REVENUE 124.6 MILLION STG VERSUS 65.3​ MILLION STG.HAS INCREASED ITS DIVIDEND FROM 3.0P TO 4.5P PER QUARTER.FOR H1 ‍INCREASED ITS UNDERLYING EBITDA TO 131.8 MILLION STG.  Full Article

Stobart signs contract with Environment Agency
Wednesday, 12 Oct 2016 

Stobart Group Ltd : Stobart contract agreement with environment agency . Has entered into an initial one-year "major incident response" contract with environment agency . Under contract, co will be working together with environment agency delivering resilience to defend communities threatened by flooding . Contract will be managed by stobart rail using logistics expertise across group .Will assist with logistics, storage and transport requirements with a flexible 24/7 response for an initial 12 starting n 30 sept 2016.  Full Article

Stobart CFO Richard Laycock resigns

July 6 Stobart Group finance chief Richard Laycock has decided to step down, the infrastructure and support services firm said on Friday, the latest in a series of changes in company leadership.