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Stobart Group (STOB)

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06-Apr-2020 09:14 AM

Stobart furloughs half of employees; exploring funding options

London Southend Airport owner Stobart said it had furloughed about 50% of its employees to buffer its balance sheet from the Covid-19 crisis. About half of the company's 1,500-plus staff had been furloughed under the UK government's job retenti
27-Nov-2019 01:50 PM

Broker Forecast - HSBC issues a broker note on Stobart Group Ltd

HSBC today reaffirms its hold investment rating on Stobart Group Ltd (LON:STOB) and raised its price target to 129p (from 124p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-Nov-2019 01:10 PM

Broker Forecast - Jefferies International issues a broker note on Stobart Group Ltd

Jefferies International today reaffirms its buy investment rating on Stobart Group Ltd (LON:STOB) and cut its price target to 168p (from 174p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
25-Sep-2019 07:44 AM

Stobart trading in line as London Southend Airport passengers jump 42%

London Southend Airport owner Stobart said it was continuing to trade in line with market expectations, amid a jump in airline passenger volumes. The company, which also has energy and rail divisions, said passenger numbers at Southend Airport had risen
22-Aug-2019 08:46 AM

Stobart's London Southend Airport partners with Wizz Air on new routes

Aviation, energy and civil engineering group Stobart Group said it had entered into a five-year partnership with low-cost airline Wizz Air with three new routes set to operate from London Southend Airport, which it owns. From 22 August, Wizz Air would pu
06-Jun-2019 10:10 AM

Broker Forecast - Jefferies International issues a broker note on Stobart Group Ltd

Jefferies International today initiates coverage of Stobart Group Ltd (LON:STOB) with a buy investment rating and price target of 174p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
29-May-2019 07:16 AM

Stobart swings to annual loss as expenses weigh

London Southend Airport owner Stobart Group swung to a full-year loss owing to a series of one-off expenses including airline marketing costs, infrastructure write-downs and losses on discontinued operations. Net losses including from discontinued operat
13-Mar-2019 07:08 AM

Stobart cuts dividend to conserve cash for investments

London Southend Airport owner Stobart Group said it would cut its dividend as it put more cash aside to invest in its business. The company, which is part of a consortium that is acquiring regional rival Flybe, said it would now move to a twice-yearly di
12-Feb-2019 02:40 PM

Broker Forecast - HSBC issues a broker note on Stobart Group Ltd

HSBC today initiates coverage of Stobart Group Ltd (LON:STOB) with a reduce investment rating and price target of 138p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Dec-2018 07:41 AM

Stobart trims dividend to divert capital to investment opportunities

London Southend airport owner Stobart Group said it had decided to cut its dividend after conducting a capital review. The fourth quarter dividend would be reduced to 1.5p per share, bringing dividends for the full financial year to 15p, down from 16.5p
01-Nov-2018 08:07 AM

Stobart Group's Stobart Air seals services deal with BA CityFlyer

Stobart Group's Stobart Air said on Thursday it had secured a deal to provide BA CityFlyer with new aircraft, crew, maintenance and insurance services. The arrangement would see Stobart Air provide these ACMI services for operating routes to and fro
24-Oct-2018 07:14 AM

Stobart slips into the red, but lifts dividend 20%

London Southend Airport operator Stobart Group swung to a first-half loss after it incurred higher route development and marketing costs. Net losses for the six months through August amounted to £17.5m, compared to a profit of £111.9m in the
20-Sep-2018 07:11 AM

Stobart reveals 37% passenger increase at London Southend Airport

Stobart revealed passenger numbers at London Southend Airport rose 37% in its pre-close trading statement. In its aviation division, Ryanair flights starting in spring 2019 and the easyJet partnership will drive further growth, with an additional aircraf
06-Jul-2018 07:15 AM

Stobart 'trading satisfactorily'; eyeing asset sales to support dividend

London Southend Airport owner Stobart Group said it had started the year 'trading satisfactorily' and would continue to mull asset sales to support its dividend. 'Since stepping into my role last year, we have made significant progress acr
10-May-2018 09:31 AM

Stobart swings to profit

Stobart made a profit before tax of £100.6m in the year ended 28 February 2018, compared with a loss of £8m the year before. All the group's operating divisions increasing underlying EBITDA year on year, with Energy up 18%, Aviation 3,50
22-Mar-2018 08:55 AM

Stobart ends Flybe offer talks

Stobart Group has said it is not intending to make an offer for Flybe Group, after the companies failed to reach agreement on satisfactory terms. Stobart said it is not in its shareholders' best interests to increase its latest proposal for Flybe a
07-Dec-2017 09:26 AM

Stobart declares further dividend

Stobart has declared a further interim dividend of 4.5p per share which will be paid on 19 January 2018 to shareholders on the register as at 22 December 2017. The company reported in June an expectation to pay an increased quarterly dividend of 4.5p per
19-Oct-2017 07:59 AM

Stobart lifts divi after Eddie Stobart disposal

Stobart has increased its quarterly dividend from 3p to 4.5p following the partial disposal of its investment in Eddie Stobart Logistics, which generated £112 million in net cash proceeds. The company's profit before tax surged from £10.
05-Sep-2017 07:45 AM

Stobart Group's aviation division makes good progress

Stobart Group said its aviation division made good progress, with passenger numbers growing 22% year-on-year through London Southend Airport. In energy, delays in commissioning certain third party biomass power stations impacted short term volumes but EB
29-Jun-2017 07:42 AM

Stobart says trading in line with directors' views

Stobart is trading in line with directors' expectations. "We remain on track to deliver our targets of 2.5m passengers at London Southend Airport and 2m tonnes of biomass supply annually, by the end of calendar year 2018," the company said
16-Jun-2017 02:25 PM

Stobart buys back shares

Stobart Group has announced that it acquired 700,000 of its own shares on 15 June at 278.5p each. The Company confirmed shares will be held as treasury shares. At 2:25pm: (LON:STOB) Stobart Group Ltd share price was +2.4p at 282.4p Story provided
19-Apr-2017 01:52 PM

Eddie Stobart to be listed on AIM

Stobart Group says it has noted that Eddie Stobart has published an admission document in connection with its proposed institutional placing and admission to trading on AIM, which is expected to occur on 25 April 2017. The terms of the transaction value
30-Jun-2016 07:59 AM

Stobart on track

Stobart (STOB) said it is on track to deliver its strategy by 2018 and drive shareholder value through three growth operating divisions of energy, aviation and rail. The group also aims to generate a cash surplus through the exit of infrastructure and in
07-Mar-2016 07:35 AM

Stobart sees underlying FY results in line with views

Stobart Group expects its FY underlying results to be in line with management expectations and ahead of last year, with infrastructure exceeding our expectations. CEO Andrew Tinkler said "We have a stable platform for growth in our Energy and Aviat
28-Aug-2015 09:24 AM

Stobart looks to grow passenger numbers at Southend Airport

Stobart Group, the infrastructure and support services group, has reported that in its Energy Division margin per tonne is significantly ahead of the prior year as it has benefitted from an increase in volumes supplied to its long-term contracted UK custo
 
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