logo-loader
viewStobart Group Ltd

Stobart Group’s Tinkler: We’re in talks with ‘big operators’ at Southend Airport

Andrew Tinkler, the chief executive of Stobart Group (LON:STOB), reveals the company is in discussions with a number of tour operators interested in setting up shop at Southend Airport. It comes as the group unveiled a 17% rise in revenues in the six months to 31 August to £56.2mln, but swung to a loss of £8.6mln due to debt repayment. Tinkler insists the plan is to keep maintain the dividend and says he is now happy with the make-up of his boardroom after several changes over the past two years.

Quick facts: Stobart Group Ltd

Price: 108.8 GBX

LSE:STOB
Market: LSE
Market Cap: £407.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Stobart Group Ltd named herein, including the promotion by the Company of Stobart Group Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Stobart Group to return £300mln to shareholders

Andrew Tinkler, chief executive of Stobart Group Ltd (LON:STOB), says the company’s strategy to deliver significant shareholder returns is on track for 2018. The plan is that aviation, rail and energy will be the growth divisions over the next 2-3 years. “The three operating businesses...

on 05/14/2016

2 min read