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IN BRIEF: Stobart Trading In Line, Confident In Balance Sheet

Thu, 30th Jul 2020 14:33

Stobart Group Ltd - owner of Southend Airport - Says trading in line with management expectations. London Southend Airport has reopened to passengers and Stobart Energy has benefited from a restart in construction work across the country. "Having carefully stress tested the group's liquidity position under a variety of operating scenarios at the time of our successful capital raise in June, the board remains confident in the group's balance sheet, liquidity position and outlook," said Chair David Shearer.

Current stock price: 25.40 pence

Year-to-date change: down 75%

By Lucy Heming;Â lucyheming@alliancenews.com

More News

5 Mar 2020 12:20

Stobart writes down £50m after Flybe collapse

(Sharecast News) - Stobart Group said it would write down more than £50m of investments in the consortium that owned the collapsed airline Flybe.

5 Mar 2020 12:12

TIMELINE-Flybe's rise and fall over four decades

March 5 (Reuters) - British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry's first big casualty of the coronavirus outbreak.Here's a look at the more than 40-year rise and f...

5 Mar 2020 11:34

UK ready to support regional airports after Flybe collapse -minister

LONDON, March 5 (Reuters) - Britain "stands ready" to support regional airports after the collapse of airline Flybe on Thursday, Kelly Tolhurst, a junior minister with responsibility for aviation, told parliament."We recognise the impact that this...

5 Mar 2020 10:39

UK WINNERS & LOSERS SUMMARY: Capita Sinks After Swinging To Loss

5 Mar 2020 10:07

UPDATE 3-Airlines face $100 billion-plus virus hit, discounts 'wouldn't do any good'

(Recasts with comments by Southwest Airlines CEO)By David Shepardson and Aradhana AravindanWASHINTGON/SINGAPORE, March 5 (Reuters) - The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body ...

5 Mar 2020 10:07

UPDATE 4-Airlines face $100 billion-plus virus hit, discounts 'wouldn't do any good'

(Adds details on weakness of airline stocks, industry background)By David Shepardson and Aradhana AravindanWASHINTGON/SINGAPORE, March 5 (Reuters) - The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, ...

5 Mar 2020 10:07

UPDATE 1-Coronavirus hit to airlines could top $100 billion, Flybe collapses

* IATA sees lost revenue of $63-$113 bln due to virus* British regional airline Flybe enters administration* Norwegian Air scraps profit guidance, cuts flights* Turkish has to fly jet home empty after virus caseBy Sarah Young and Aradhana AravindanLO...

5 Mar 2020 10:07

UPDATE 2-Coronavirus hit to airlines could top $100 billion, Flybe collapses

(Adds more IATA comments, Southwest warning, analysts)* IATA sees lost revenue of $63-$113 bln due to virus* British regional airline Flybe enters administration* Norwegian Air scraps profit guidance, cuts flights* Turkish has to fly jet home empty a...

5 Mar 2020 10:07

Stobart To Write Down GBP50 Million Due To Flybe's Failure

5 Mar 2020 09:27

Coronavirus crisis intensifies for airlines as UK's Flybe collapses

* British regional airline Flybe enters administration* Norwegian Air scraps profit guidance, cuts flights* Turkish has to fly jet home empty after virus caseBy Sarah Young and Terje SolsvikLONDON/OSLO, March 5 (Reuters) - The worsening coronavirus ...

5 Mar 2020 08:31

LONDON MARKET OPEN: FTSE 100 Fails To Capitalise On Improved Mood

5 Mar 2020 08:04

LONDON BRIEFING: Stobart To Writes Down Investment In Failed Flybe

5 Mar 2020 07:44

LONDON MARKET PRE-OPEN: Exhibitions Firm Hyve Issues Profit Warning

5 Mar 2020 06:34

TOP NEWS: Regional Airline Flybe Collapses Into Administration

4 Mar 2020 22:17

UPDATE 7-British airline Flybe collapses as coronavirus deals final blow

* Airline struggling before coronavirus hit demand* Accounting firm EY to handle administration* Could hurt government plans for regional connectivity* Govt trying to fill routes, Loganair steps in on 16 (Adds Eastern Airways picking up three routes...

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