Stobart Group is to restructure is board of directors for the second time this year, with executive chairman Avril Palmer-Baunack to leave the company in May. At the same time the company has signed a new three-year contract with Tesco, which runs until 29 February 2016, formalising its role as primary and secondary distribution service provider. It has worked with Tesco on a “pay as you go” basis for the past eight years and currently provides secondary distribution to nine […]
Well you win some and you lose some. Trading in shares at UK Mail Group continues to be a profitable experience, but – despite a good performance in its transport division Hargreaves shares continue to splutter.
Last week, Dart Group revealed a near to 13% pre-tax profit rise for its transport operation, Fowler Welch. Off the back of this, which saw profit climb from £3.9m to £4.4m for the year ended 31 March 2013 at Fowler Welch, its group share price has continued to move northwards, today leaping to £2.40, up from £2.14 last week.