Stobart fails to impress with trading update

Logistics firm Stobart told investors at its Annual General Meeting on Thursday that it has experienced a mixed performance across its divisions since the beginning of March, but remains confident on delivering its strategy over the next three years.

Logistics firm Stobart told investors at its Annual General Meeting on Thursday that it has experienced a mixed performance across its divisions since the beginning of March, but remains confident on delivering its strategy over the next three years.

The Biomass division experienced modestly lower-than-expected export volumes during spring due to the mild weather in Scandinavia, but, the firm emphasised, is viewing the start of UK power station contracts in the second half of the financial year as the start of long term volume growth.

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