Stobart lifts off as it sell Aviation arm

By
0 mins. to read
Stobart lifts off as it sell Aviation arm
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The share price of logistics operator Stobart (LON:STOB) climbed 3.50% to 159.80p (as of 14:00 GMT) after it announced the disposal of its Aviation holdings had been completed. The deals, as laid out in the announcement on 11th January, were valued at an aggregate £40 million.

This news comes a week after the High Court ruled on the dispute between the company and former director Andrew Tinkler. The court declared his dismissal legal and rejected his subsequent claim for reinstatement. A further hearing will take place to determine what relief the company is entitled to with respect to Mr Tinkler’s breaches of his fiduciary duty.

Take part in our poll

Which asset managers’ products do you hold?


The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.

Book your FREE tickets today using code: MIBLOG

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.