Day misses deadline for tilt at Stobart board

Esken Limited

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Retail guru Philip Day will not seek election to the board of Southend Airport owner Stobart Group, the company said on Wednesday.

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In a statement, the company said it Day had failed to notify the board of his intention to run the requisite seven days before an extraordinary general meeting (EGM) scheduled for July 18.

A boardroom tussle has been taking place over the last three months with ousted chief executive Andrew Tinkler trying to unseat chairman Iain Ferguson.

Ferguson held on to his post in a narrow vote last Friday.