Flybe and Stobart Group form five-year franchising agreement
25th Mar 2014 08:40
Flybe and Stobart Air have reached an agreement on a five-year franchising deal at London Southend Airport. Stobart Air, which is part of Stobart Group, will operate new routes from London Southend Airport in partnership with Flybe from June 5th with two 72-seat aircraft in Flybe livery. The airc
Read moreStandard Chartered non-exec builds company holding after profit decline
11th Mar 2014 15:45
An Independent Non-Executive Director of Standard Chartered has this week upped his stake in the group by a quarter with the purchase of 2,500 shares. John Paynter, who was appointed to his role in 2008, bought the shares at 1,246.50p each for a total of £31,163, taking his total holding to 12,50
Read moreAGA Rangemaster directors celebrate annual results
7th Mar 2014 15:38
AGA Rangemaster directors William McGrath and Shaun Smith celebrated a positive set of annual results with the purchase of shares. Chief Executive McGrath added 19,400 shares at 180.30p each for a total spend of £34,978, while Chief Financial Officer Smith spent £20,013 on 11,100 shares. The com
Read moreAir and biomass boost Stobart
24th Oct 2013 07:30
Expansion in air and biomass operations have fuelled higher half-year profits at road and rail haulier Stobart Group. Stobart, which owns Southend airport in Essex, said the launch of a fourth home-based easyJet aircraft there helped to increase passenger numbers to 528,000, up 43% from the same ti
Read moreSunday share tips: Stobart, Aureus Mining, SABMiller
20th Oct 2013 17:35
Hold fire before joining the revival in Stobart Group's share price, Danny Fortson advised in the Sunday Times's Inside the City column. The haulage company's shares have risen 20% since Iain Ferguson was announced as its new chairman. Stobart's upcoming half-year results will show whether boardroom
Read moreStobart names new chairman
23rd Aug 2013 11:48
Haulage firm Stobart appointed former Tate & Lyle boss Iain Ferguson as its new Chairman and revealed business had been "solid" in the last six months. Ferguson, who is Chairman of Berendsen and also sits on the boards of Gregg's and Balfour Beatty, will be the latest in a string of people to take
Read moreSatisfactory start for Stobart
27th Jun 2013 15:09
Logistics conglomerate Stobart has started the year 'satisfactorily' although some major customers were suffering lower volumes in the first quarter. The haulage-to-biomass group reported performance was "steady" in transport and distribution, "flat" in civil engineering, and still embryonic in the
Read moreThursday newspaper round-up: Stobart, M&S, Energy bills...
11th Apr 2013 06:50
"The corporate governance crisis at Stobart deepened last night with the resignation of its senior City broker," The Times writes. The paper says that Investec walking away from the transport and logistics firm a week after the ousting of its Chairman, who was only on the job for 71 days. "Marks &
Read moreWednesday newspaper round-up: BP, RBS, Stobart...
3rd Apr 2013 06:53
Oil major BP has put its US wind-power unit up for sale as it continues to pull back from renewable energy and turn to its core oil and gas business, according to the Financial Times. The paper says that its wind-power operations in the States could be worth 1.5bn pounds. Ahead of the planned flota
Read moreExec Chairman to step down at Stobart
2nd Apr 2013 07:34
The Executive Chairman of multi-modal logistics and warehousing group Stobart will step down later this spring after the group announced it was expecting to report results "moderately ahead of market expectations" in its upcoming annual results. In a financial update issued on Tuesday, the group re
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreLondon close: Stocks extend gains on quiet day
21st Jan 2013 16:36
With Wall Street closed for Martin Luther King Day on Monday, the UK stock market took advantage of low volumes to push London's benchmark index close to levels not seen in five years. "European stock markets benefitted from the lack of news, earnings and economic data released today with the major
Read moreFTSE 250 movers: WH Smith rises on upgrade
21st Jan 2013 15:18
WH Smith rose after Numis upgraded the stock to add with a target price of 710p. Ocado was a strong riser, extending last week's gains following a 70% rise in sales over the festive period. Stobart was also higher after announcing a change of hands at the top. Non-Executive Chairman of the UK-bas
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
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