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 […]
Today Wincanton posted what its MD Eric Born (pictured) called a “boringly predictable” set of half year results, with a 1.6% decline in group turnover and a 2.6% increase in operating profit.
Andrew Tinkler has stepped down as CEO of Stobart Group, the business he has headed since it listed on the stock market in 2007.
Heavy truck sales are expected to surge at least 10% in 2013 compared with this year as operators delay buying Euro-6 vehicles, which will replace Euro-5 in 2014. The predicted spike in Euro-5 sales in 2013 is expected to result in longer lead times for new trucks. One operator, Andrew Spence-Wolrich, general manager of bulk specialist Hargreaves Transport, has been told he must order Euro-5 trucks by March 2013 to be sure of getting them. Truck makers MT spoke to […]