Stobart warns on short term performance
24th Aug 2012 07:12
Logistics firm Stobart said its short term performance in transport is lower than market expectations as the current recessionary climate continues to hurt the sector. In its update ahead of its interim results the haulage firm said it has positioned itself with a five divisional strategy as the ec
Read moreStobart wins approval for airport development
3rd Aug 2012 14:01
Stobart, the second tier logistic group, has received approval from Carlisle City Council's development control committee for the development of Carlisle Lake District airport. The development includes the erection of a 374,000 square foot distribution centre and the raising and re-profiling of th
Read moreStobart fails to impress with trading update
28th Jun 2012 16:00
Logistics firm Stobart told investors at its Annual General Meeting on Thursday that it has experienced a mixed performance across its divisions since the beginning of March, but remains confident on delivering its strategy over the next three years. The Biomass division experienced modestly lower
Read moreStobart keeps on truckin'
17th May 2012 07:57
Logistics firm Stobart grew revenues and profits last year despite its core Transport and Distribution operations enduring difficult market conditions. Group turnover rose from £500.4m in 2010 to £551.9m in the year to February 29th 2011, while underlying profit before tax came in at £35.2m compare
Read morePlantation Place sale goes through at last
3rd May 2012 08:26
The delayed sale of Plantation Place, the big office development in the heart of the insurance district of the City, has gone through, much to the relief of stakeholders Schroder Real Estate and Stobart Group. The development, built on the site of Plantation House, once the centre of the world's te
Read moreSector movers: Metals/mining stocks tumble after FOMC statement
4th Apr 2012 15:55
The industrial metals and mining stocks were the worst performers of the day on Wednesday as commodity prices took a tumble on the back of comments from the US central bank. Last night's minutes from the latest meeting of the Federal Open Market Committee showed that members had become less incline
Read moreStobart welcomes new Aer Lingus service
6th Mar 2012 08:20
Logistics firm Stobart Group has reported that Aer Lingus Regional, operated by Aer Arann, is starting a new daily services from London Southend to Dublin. The new flightpath, which will begin on May 10th, will run three times daily is designed to offer passengers the benefit of new US Customs and
Read moreStobart completes WADI Properties acquisition
29th Feb 2012 07:54
Logistics company Stobart Group has completed its acquisition of WADI Properties and has now made an application for the admission to trading of 5,399,742 new ordinary shares. This will satisfy £6.70m of the £7.20m consideration shares to be issued to WADI Properties, with the remaining £0.5m to be
Read moreWednesday newspaper round-up: BP, Argos, Stobart
1st Feb 2012 06:44
The Ministry of Defence will no longer give UK companies priority over their foreign competitors when buying equipment and weapons for the armed forces. The only exceptions will be cases where buying British is essential to maintaining national security, Peter Luff, the defence procurement minister,
Read moreLand Securities director buys first round of shares
26th Jan 2012 14:35
Stacey Rauch, a non-executive director of FTSE 100 property firm Land Securities, has purchased £40,950-worth of shares in the company. Rauch, 53, only joined the board at the start of this month, and the transaction marks her first take up of shares in the firm. The purchase was made on January
Read moreSABMiller exec buys a round
24th Jan 2012 16:32
The Managing Director of SABMiller's African division bought a round of shares just one day before the drinks giant announced it has signed a definitive transaction agreement with Anadolu Group and Anadolu Efes. The agreement allows the firm to form a strategic alliance between the firm's divisions
Read moreStobart set to deliver
17th Jan 2012 08:08
Logistics firm Stobart Group said it expects to meet expectations for the 12 months to the end of February. It said that some divisions were performing ahead of expectations, which were making up for others that were performing slightly worse than predicted. The company also announced it would buy
Read moreVirgin Media non-exec sells shares
7th Nov 2011 14:39
Virgin Media non-executive director John Rigsby has sold £183,287 worth of shares in the cable TV and internet services provider. Rigsby, who has been a director since September 2008, serves on the business operations and technology committee and the audit committee. The 64-year-old has worked for
Read moreStobart director buys £48,000 in shares
31st Oct 2011 15:28
A non-executive director at FTSE 250 firm Stobart, Jesper Kjaedegaard, has purchased £48,400 worth of shares in the firm. A former chief executive officer at Maersk UK, Kjaedegaard bought 40,000 shares at 121p per share in the transport logistics group, just one week after Investec cut its target
Read moreSector movers: Mondi rises ahead of update
28th Oct 2011 16:20
The forestry and paper sector was rising higher on Friday with FTSE 250 paper and packaging firm Mondi making moderate gains. The company, which employs 29,000 employees and managed 2.41m hectares of land, is due to release its third quarter interim management statement on Monday. Shares were hig
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