Stobart Group has said a £25m windfall generated by a property sale this month will be held in cash pending reinvestment or used to repay debt. The windfall results from the sale by Stobart’s estates division of an investment property at Admiral Retail Park, in Eastbourne, which the firm took on in February 2012 for £22.1m, estates division CEO Richard Butcher told Motortransport.co.uk. Around £600,000 has been spent on improvements to the site during that period, he added. The deal […]
BCA has appointed a new MD to head up its logistics operation as part of a plan to grow the division.
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.