Stobart Group has revealed it is abandoning its plan to launch a savings bond. In a statement to the City yesterday, the group said it had walked away from a plan revealed on 13 November that would have seen it launch a six-year retail bond with a fixed rate of 5.5% per year. The closing date for bond applications – the issue of which was being managed by investment bank Canaccord Genuity – was today (27 November). In a statement […]
Eddie Stobart could be a private company again as soon as April, according to a circular sent to shareholders of its parent group.
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.
Acumen Automotive Logistics has bought four new Rolfo Auriga Deluxe enclosed semi-trailers as part of its strategy to refresh its entire 15-strong enclosed transporter fleet.