Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]
Stobart Group’s Biomass division has won a 15-year contract with Western Bioenergy to supply 150,000 tonnes of biomass a year to its plant in Port Talbot, Wales.
UK Mail’s share price continues to climb as does its turnover. The company said this week that it has seen year-on-year daily parcel volumes increase by 25% in the first quarter of this year, with Q1 turnover also up 6%.
Stobart Group has completed a sale and leaseback of its DC at Carlisle Airport for £16.9m.