Stobart Group shares awaiting deal bounce


 

Stobart Group’s plan to hive off (at least partially) the transport business that made its name may have won the support of shareholders at yesterday’s general meeting but that’s yet to filter through to its share price. Yes, Eddie Stobart Logistics the privately-held transport company will be reality within weeks but Stobart Group’s share price is yet to bounce. So far it’s remained depressed, down almost 12% at 132p as of close of play yesterday, having been at 149.5p the […]