Eddie Stobart Logistics – set to float on the Alternative Investment Market (AIM) next week 25 April – has conditionally agreed to acquire multi-channel retail logistics management group iForce for £45m. According to its admission document, the “acquisition will add a more focused e-commerce offering to Eddie Stobart’s existing business model”. In the financial year ending 3 July 2016, iForce Group generated a turnover of £56.3m and a pre-tax profit of £1.7m. This was up on a turnover of £50m […]
Shares in road transport businesses continue to trade at record highs for the calendar year, despite a relatively quiet August and an oh-so-slight dip in the value of the MT basket of shares.
A very quiet week on the Stock Exchange for transport-related shares – ahead of City Link’s numbers tomorrow (15 March). All eyes will be on Rentokil’s parcels arm to see if it posts a full-year profit. But it hasn’t stopped a rather telling trend in the past week…