Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]
Woodland Logistics has purchased Courier Elite, based in Peterborough, Cambridgeshire.
Stobart Energy and Bridgestone have teamed up for the first time, with the biomass fuel supplier opting to run its fleet exclusively on Duravis 002 tyres.
Eddie Stobart’s holding company GreenWhiteStar Acquisitions (GWSA), which was sold to Culina Group last week, made a £15m loss last year and had net debts of £144.5m.