Autologic is in talks with Stobart Group over a potential cash offer by the Cumbrian giant for the number one operator in UK automotive logistics. The Northampton-based operator, which revealed a turnover of £144.7m and a pre-tax profit of £2.1m for the year ending 31 December last month, says that there is “no certainty that an offer for the company will be made or proposed”. Stobart is required to either announce a firm intention to buy Autologic, or withdraw its […]
Following the themes of recent weeks the big winner in the Motor Transport tracker is Hargreaves Group – even if the performance of its transport group is slightly off target.
Next month we should expect to see full financial year results from Fowler-Welch parent company Dart Group. The only hint of the performance at Dart’s logistics arm came on 19 April when it said: “The business remains well placed for profitable growth.” Even the date in July of its full-year results remain as enigmatic as that statement… but there are some clues.
Technical problems continue to plague the MT Tracker – so I’m afraid we cannot bring you any graphs of share price performance again this week – which is a shame as the industry’s performance on the stock market continues to go from strength to strength with operators hitting record highs.