Stobart Group says its transport and distribution division Eddie Stobart has experienced “mixed fortunes” since March. In the past four months Eddie Stobart says its ambient transport and warehousing operations have been performing well and is “witnessing more new business opportunities than in previous years”. However, it warns that the restructure of its chilled operations, whilst progressing, has resulted in some further costs. In the past six months its chilled operations, with the closure of its Corby and Alcester distribution […]
The dispute between Eddie Stobart and Unite threatens to run and run, after the union rejected the operator’s latest improved redundancy offer. Harriet Eisner, regional officer at Unite, said her 180-driver members were angry that the new deal did not, in their opinion, go far enough. Unite had postponed a second wave of strike action ahead of last week’s (19 October) meeting, but warned this sanction was now back on the table. Eisner added: “Unite believes that there is no […]
Eddie Stobart Logistics and Lomas Distribution have entered into a partnership whereby the Buxton-based powder and aggregates firm will provide training for the high-profile haulier’s drivers.
The promise of a solid first half in its financial year did little to improve investor confidence in Stobart Group – because investors were already ahead of the curve. On 17 April it was trading at a year low of 76.5pence per share. Today its at its year high of 109.5p – proving that investors have faith in the direction Andrew Tinkler is taking the company.