Stobart Group looks in £100 million share issue

Stobart Group has announced its intention to raise between £80 million and £100 million via a rights issue priced at between 35 and 40 pence per share as it seeks to plug the gap in its finances from the collapse of the sale  of part of its stake in Southend Airport. Talks between the infrastructure and aviation group and AviAlliance, a Germany airport operator with facilities in Athens, Budapest and Puerto Rico, to sell a 25% stake in Southend Airport for £200 million fell through in March as the impact of the COVID 19 started to become clear. Stobart intends