Good old Stobart. You can always count on them doing something that will hit the headlines. What was somewhat overshadowed yesterday – when it was revealed that Avril Palmer-Baunack would be leaving the role that was created for her in January – is some welcome financial news. Firstly: Stobart Group – having suffered several reporting periods in the doldrums – said that come 16 May it expects to report results moderately ahead of market expectations. Secondly: Stobart revealed it had […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
Eddie Stobart has ended its award-winning driver apprenticeship scheme run in association with System Training. The pair won Apprenticeship of the Year in the 2012 MT Awards for their two-year scheme that saw 10 trainees taken on from 200 applicants.
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 […]