The tale of Stobart’s ever falling share price. Two weeks ago, in the wake of Avril Palmer-Baunack’s unceremonious demotion, this column wrote about the woes of backing the Stobart horse. Even the gloss of a three-year deal with Tesco couldn’t reverse it’s fortunes (and given Tesco’s current performance there can’t be that much gloss). However the machinations of the Stobart board have continued to hurt its performance on the stock market. Today the share price hit a new low of […]
Andrew Tinkler has stepped down as CEO of Stobart Group, the business he has headed since it listed on the stock market in 2007.
Stobart Group has reported a “satisfactory” start to the year, despite low volumes from FMCG customers in its Eddie Stobart transport and distribution division.