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Stobart Group Ltd (STOB.L)

STOB.L on London Stock Exchange

111.40GBp
16 Aug 2019
Change (% chg)

0.00 (+0.00%)
Prev Close
111.40
Open
114.60
Day's High
114.60
Day's Low
110.60
Volume
429,788
Avg. Vol
2,502,910
52-wk High
254.00
52-wk Low
98.10

Latest Key Developments (Source: Significant Developments)

Stobart Group's FY Loss Widened To 58.2 Mln Stg From 23.9 Mln Stg
Wednesday, 29 May 2019 

May 29 (Reuters) - Stobart Group Ltd ::FY REVENUE FROM CONTINUING OPERATIONS ROSE 39 PERCENT TO 146.9 MILLION STG.FY UNDERLYING EBITDA 10.8 MLN STG VERSUS ADJUSTED UNDERLYING EBITDA OF 14.2 MLN STG FOR LAST YEAR.FY LOSS 58.2 MLN STG VERSUS ADJUSTED LOSS OF 23.9 MLN STG FOR LAST YEAR.REBASED DIVIDEND WILL REMOVE 44 MLN STG OF CASH REQUIREMENTS FROM BUSINESS OVER NEXT 12 MONTHS.INTEND TO NOW GROW THE VALUE OF CORE AVIATION AND ENERGY ASSETS.  Full Article

Flybe Limited CEO Christine Ourmières-Widener To Step Down On July 15
Tuesday, 28 May 2019 

May 28 (Reuters) - FLYBE LIMITED: :FLYBE LIMITED- CHRISTINE OURMIÈRES-WIDENER HAS DECIDED TO STEP DOWN FROM HER ROLE AS CHIEF EXECUTIVE OFFICER OF FLYBE LIMITED ON 15TH JULY 2019.FLYBE LTD - EXPECTS TO BE IN A POSITION TO ANNOUNCE OURMIÈRES-WIDENER'S SUCCESSOR BEFORE HER DEPARTURE TO ENSURE A SMOOTH HANDOVER.FLYBE- CEO TO STEP DOWN FOLLOWING SUCCESSFUL SALE OF BUSINESS TO CONNECT AIRWAYS.  Full Article

Stobart Updates On Co's Legal Proceedings Against Tinkler
Friday, 17 May 2019 

May 17 (Reuters) - Stobart Group Ltd ::UPDATE ON LEGAL PROCEEDINGS.TINKLER HAS APPLIED FOR PERMISSION TO APPEAL CERTAIN ASPECTS OF JUDGMENT HANDED DOWN ON 15 FEBRUARY 2019..AT A HEARING IN HIGH COURT ON 16 MAY, JUDGE ORDERED TINKLER TO PAY 55% OF CO'S LEGAL COSTS RELATED TO FIRST TRIAL IN NOVEMBER 2018.  Full Article

Stobart Group Appoints David Shearer To Board As A Non-Executive Director And Chairman-Elect
Wednesday, 15 May 2019 

May 15 (Reuters) - Stobart Group Ltd ::STOBART GROUP LTD - ANNOUNCE APPOINTMENT OF DAVID SHEARER TO BOARD AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN-ELECT.STOBART GROUP LTD - APPOINTMENT OF DAVID SHEARER TO BOARD AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN-ELECT, WITH EFFECT FROM 1 JUNE 2019.STOBART GROUP LTD - IAIN FERGUSON STEPS DOWN FROM BOARD AT CONCLUSION OF 2019 ANNUAL GENERAL MEETING (AGM).  Full Article

Stobart Group Announces Placing Of £53.075 Mln Secured Guaranteed Exchangeable Bonds By Unit
Friday, 3 May 2019 

May 3 (Reuters) - Stobart Group Ltd ::PRICING OF EXCHANGEABLE BOND.ANNOUNCES PLACING OF £53.075 MILLION OF SECURED GUARANTEED EXCHANGEABLE BONDS BY ITS WHOLLY OWNED SUBSIDIARY STOBART FINANCE PLC.BONDS WILL HAVE A FIVE YEAR MATURITY AND WILL BE UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY COMPANY.NET PROCEEDS OF BONDS ARE INTENDED TO BE USED TO SUPPORT COMPANY'S GROWTH PLANS FOR AVIATION AND ENERGY.BONDS TO BE ISSUED AT PAR AMOUNTS OF £100,000 AND INTEGRAL MULTIPLES OF £1,000 IN EXCESS THEREOF, AND WILL BEAR INTEREST AT 2.75% PER ANNUM.  Full Article

Stobart Group Says It Continues To Review Capital Requirements
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Stobart Group Ltd ::STOBART GROUP LTD - PRE-CLOSE TRADING STATEMENT.STOBART GROUP LTD - TRADING IN LINE WITH MANAGEMENT EXPECTATIONS..STOBART GROUP LTD - COMPANY CONTINUES TO MAKE STRONG COMMERCIAL PROGRESS IN ITS CORE AVIATION AND ENERGY OPERATING DIVISIONS.STOBART GROUP LTD - CONTINUES TO REVIEW ITS CAPITAL REQUIREMENTS.STOBART GROUP LTD - MAJORITY OF GROUP'S PLANNED INVESTMENT WILL BE DEPLOYED AT LONDON SOUTHEND AIRPORT.STOBART - CONTINUES TO EVALUATE BOTH QUANTUM OF INVESTMENT REQUIRED AND OPPORTUNITIES TO FUND GROWTH THROUGH DISPOSAL OF NON-CORE ASSETS.  Full Article

Stobart Updates On High Court Judgment On Litigation Against Tinkler
Friday, 1 Mar 2019 

March 1 (Reuters) - Stobart Group Ltd ::UPDATE ON HIGH COURT JUDGMENT.JUDGE NOTES STOBART BOARD MEMBERS ACTED IN ACCORDANCE WITH THEIR DUTIES IN PUBLISHING AN ANNOUNCEMENT TO SHAREHOLDERS ON 29 MAY 2018.JUDGE GAVE TWO EXAMPLES OF POINTS THAT HE CONSIDERED DID NOT REFLECT ADVERSELY ON TINKLER.  Full Article

Stobart Group Disposes Stobart Air And Propius
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Stobart Group Ltd ::STOBART GROUP LTD - DISPOSAL OF STOBART AIR AND PROPIUS.STOBART - SALE, PURCHASE AGREEMENT FOR DISPOSAL BY STOBART AVIATION OF INTEREST IN EVERDEAL HOLDINGS LTD, EVERDEAL HOLDINGS GROUP COS UNCONDITIONAL.STOBART - SALE BY STOBART AVIATION OF ITS INTEREST IN EVERDEAL HOLDINGS AND EVERDEAL HOLDINGS GROUP COMPANIES TO CONNECT AIRWAYS HAS COMPLETED.  Full Article

Keith Everitt Cuts Stake In Flybe To 1.4 Pct From 3.2 Pct
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Flybe Group PLC ::KEITH EVERITT CUTS STAKE IN FLYBE GROUP TO 1.4 PERCENT FROM 3.2 PERCENT - FILING.  Full Article

Former Stobart CEO Andrew Tinkler Discloses 12.23 Pct Stake In Flybe
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Flybe Group PLC ::WILLIAM ANDREW TINKLER DISCLOSES 12.23 PERCENT STAKE IN FLYBE GROUP PLC - FILING.  Full Article

Britain's Stobart to name new chairman next week - Sky News

May 11 British airport operator Stobart Group Ltd will name David Shearer, who is now chairman of equipment rental group Speedy Hire Plc, as its new chairman, Sky News reported on Saturday.