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Stobart Group signs significant new partnership deal with Ryanair

Warwick Brady, chief executive of Stobart Group PLC (LON:STOB), discusses with Proactive's Andrew Scott a new partnership deal with Ryanair Holdings PLC (LON:RYA) which will see the Irish low-cost airline open a new base at London Southend Airport.

Brady says the five-year agreement, which is extendable to ten years, was agreed on its standard commercial terms, and will see Ryanair make a US$300mln investment in the airport.

Quick facts: Stobart Group Ltd

Price: 51.06 GBX

LSE:STOB
Market: LSE
Market Cap: £191.3 m
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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