Stobart appoints Mark Adams as CFO
28th Sep 2016 09:51
(ShareCast News) - Infrastructure and support services firm Stobart Group has appointed Mark Adams as chief financial officer with effect from 28 November. Adams has more than 20 years of experience in senior finance roles in a broad range of sectors, having most recently been acting interim CFO at
Read moreStobart trucks higher on bumper dividend plans
30th Jun 2016 08:17
(ShareCast News) - Stobart Group pledged to hike the level and frequency of its already generous dividend after generating cash from an asset sale and seeing encouraging developments from its three divisions. Directors have proposed paying a 3p dividend each quarter, beginning in October, and possib
Read moreStobart Group sees full year results in line
7th Mar 2016 14:33
(ShareCast News) - Stobart Group expects its full year underlying results to be in line with management views and ahead of last year, with infrastructure exceeding its expectations. In a pre-close trading statement ahead of results for the year ended 29 February, the company said the infrastructure
Read moreStobart drives into profit in first half
22nd Oct 2015 14:55
(ShareCast News) - Stobart Group swung to a profit in the third quarter and posted a jump in underlying core earnings thanks to growth in its energy division. For the six months ended 31 August , the company posted a pre-tax profit of £600,000 compared with a £8.6m loss in the first half of last yea
Read moreSector movers: Mining stocks rally on Chinese stimulus, but defensives fall
21st Nov 2014 15:20
A surprise interest-rate cut in China saw equity markets surge on Friday with cyclical mining stocks benefiting and defensive stocks feeling the brunt from an increase in risk appetite. Cyclical sectors are those that are closely and positively correlated to economic activity and, in the case of the
Read moreLondon pre-open: UK stocks to edge higher after record finish on Wall Street
21st Nov 2014 07:42
UK stocks are expected to open in positive territory on Friday following two days of losses, tracking gains on Wall Street as indices set new record highs. City sources predict the FTSE 100 will open 17 points higher than Thursday's close of 6,678.9. Both the Dow Jones Industrial Average and S&P 50
Read moreStobart seals £110m biomass power plant deal
21st Nov 2014 07:17
Transport and energy company Stobart Group has sealed a deal to build a £110m combined heat and power (CHP) biomass plant at its site in Widnes in north-west England as well as a 16-year index-linked fuel supply agreement. Stobart said the CHP plant is due to start operating in December 2016 and wil
Read moreBiomass and air passengers lift Stobart despite losses
23rd Oct 2014 07:49
Rising biomass tonnages and more passengers at Southend Airport have boosted transport group Stobart. Stobart, famous for its green and red lorries and smartly-dressed drivers, said biomass volumes rose 56% to 482,000 tonnes and passenger numbers at the Essex airport, which it owns, lifted 19% to mo
Read moreStobart satisfied with progress but warns of flat air passenger numbers
29th Aug 2014 08:01
Road and rail haulier Stobart Group reported satisfactory progress in all its divisions, but warned of flat passenger numbers in its airport business in the second half. Stobart, which has a 49% stake in the iconic road haulage business known for its green-liveried trucks, said biomass tonnages in
Read moreLondon pre-open: FTSE to open almost flat amid rising tensions
29th Aug 2014 07:40
With tensions between Ukraine and Russia once again mounting, UK stocks are set for only a very modest gain at Friday's opening bell. City sources predict the FTSE 100 will open around three points higher than yesterday's close of 6,805.80. According to images released by Nato on Thursday, Russi
Read moreStobart hails strong start to financial year
26th Jun 2014 09:27
- Strong start to year - Driving growth in Energy and Aviation - Confident of future progress Logistics group Stobart said it enjoyed a busy and productive start to the year and remains confident of delivering growth and good returns over the coming years. The Carlisle-based haulage firm, which
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreHydroDec directors add 4.36m shares, stock value jumps
10th Jun 2014 15:52
A total of 4.36m shares were purchased by seven of HydroDec's board members this week, the oil technology group revealed on Tuesday. The transactions come just a few weeks after the group reported wider losses in the 12 months ended December 31st at $17.45m, compared to $14.20m a year earlier. T
Read moreUK Mail Chief celebrates results with share purchase
23rd May 2014 16:01
The Chief Executive Officer of UK Mail this week celebrated a strong set of results by the mail and parcel courier with the purchase of 75,000 pounds-worth of shares. Guy Buswell bought 12,195 shares at 615p each, taking his stake in the group to 267,807. UK Mail's parcel business, which makes u
Read moreStobart makes air and biomass progress as FY profits rise
21st May 2014 08:57
Transport and energy company Stobart Group hailed progress in its growing air and energy businesses as it reported a 6.1 per cent rise in annual profits. Stobart, traditionally known for its road haulage operation, said its aviation division was expanding as its London Southend Airport business inc
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