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 […]
Stobart Group is to discontinue its chilled operations “as a stand alone unit” insisting that the “change will not affect Stobart’s national network solution for customers”. In an interim management statement today (17 January), Stobart said the Eddie Stobart transport and distribution division continued to perform in an uncertain economic environment but its chilled operations remained very challenging. MT.co.uk understands that discontinuing the chilled operations – primarily the former Innovate Logistics business it acquired out of administration in July 2008 […]
Stobart Group’s Biomass division has won a contract to supply up to 1 million tonnes of biomass fuel per year to Greensphere Capital, to feed its existing and future power plants.