Stobart Group has completed the partial divestment of its transport division. In a statement to the London Stock Exchange this evening it said: “Stobart, the infrastructure and support services group, announces that the partial realisation of its transport and distribution division, as described in the company’s announcement of 6 March 2014, has been completed.” Shareholders of the firm backed the move at the end of last month at a general meeting, as well as a special resolution to buy back […]
Throughout the year, Motortransport.co.uk has bought you the biggest news in the road transport industry. Here we bring you the top 10 most read stories of 2012: 10. Stobart Group in for Autologic with £12.4m cash offer June saw Stobart make its offer for the car transporter firm, which valued Autologic at £12.4m. The deal made Stobart the largest car transporter haulier in the UK. 9. Hermes opens Coventry and Carlisle depots 2012 was a year of expansion for Hermes […]
Stobart Group’s Biomass division has won a 15-year contract with Western Bioenergy to supply 150,000 tonnes of biomass a year to its plant in Port Talbot, Wales.
The MT basket of transport shares continues to have a little wobble in September, but it is worth keeping in mind just how much share values of transport firms have risen in the nine months of the year so far – pointing towards a more sustained recovery in the sector.