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Full interview: Stobart Group Limited sees bright future ahead by taking steps to safeguard businesses

Stobart Group Limited (LON:STOB) CFO Lewis Girdwood tells Proactive to group is taking steps to safeguard its business during the coronavirus pandemic.

Girdwod says significant medium and long-term opportunities remain to increase the value of its assets, while it has taken steps to preserve liquiidity by furloughing around 50% of its staff, a 20% pay reduction for its board and senior leadership, alongside a 10% pay decrease for all other non-furloughed management.

Quick facts: Stobart Group Ltd

Price: 24.3 GBX

LSE:STOB
Market: LSE
Market Cap: £151.86 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