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United Kingdom

Stobart Group Ltd (STOB.L)

STOB.L on London Stock Exchange

193.60GBp
21 Nov 2018
Change (% chg)

5.40 (+2.87%)
Prev Close
188.20
Open
191.40
Day's High
197.00
Day's Low
185.00
Volume
288,793
Avg. Vol
418,794
52-wk High
287.00
52-wk Low
183.49

Latest Key Developments (Source: Significant Developments)

Stobart H1 Rev Rises 21 Pct, Investigation Into Alleged Bullying Over
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Stobart Group Ltd ::H1 REVENUE ROSE 21.4 PERCENT TO 151.3 MILLION STG.HY REVENUE GROWTH OF 21.4% TO £151.3M.HY LOSS FOR PERIOD AFTER TAXATION £17.5M (2017: £111.9M PROFIT, WHICH INCLUDED £123.8M PROFIT ON DISPOSAL OF ASSOCIATE).ON TRACK TO DELIVER TARGET TO WELCOME FIVE MILLION PASSENGERS BY 2022.INVESTIGATION INTO CONCERNS REGARDING ALLEGED BULLYING, WHISTLEBLOWING CONCLUDED THAT "THERE IS NO CULTURE OF BULLYING" WITHIN CO.  Full Article

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

UPDATE 2-British airline Flybe soars on talks with potential buyers

* Posts 49 pct rise in H1 adj pretax profit (Adds details on outlook, shares, background on industry consolidation)