Stobart Group shares drop after suspending dividend; posts wider loss
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(Reuters) - British airport operator Stobart Group suspended its dividend to conserve cash and reported a bigger first-half loss on Thursday, hurt by impairment charges, sending its shares down 9%.Stobart's dividend has largely been funded from asset sales rather than operational cash generation, a practice which the company called unsustainable. The suspension will save the company £22 million per year.The infrastructure and support services company intends to restore the dividend when it has..