Stobart Group’s Biomass division has won a new, long-term contract to supply fuel to the Evermore Renewable Energy Plant, which will generate revenues of £75m over the 15-year lifespan of the contract. The recycled wood fuelled combined heat and power station in Northern Ireland will open in summer 2015, with Stobart Biomass set to deliver 115,000 tonnes of recycled wood per annum over the duration of the contract. Stobart Group chief executive Andrew Tinkler said: “Stobart Biomass is seeing increased […]
2013 was a year of moves forward for every transport firm listed on the Stock Exchange. And while we lost CityLink (to a management buy-out), we gained Royal Mail – and a whole heap of market capitalisation. So without further ado – let’s find out who the big winners were!
Autologic is in talks with Stobart Group over a potential cash offer by the Cumbrian giant for the number one operator in UK automotive logistics. The Northampton-based operator, which revealed a turnover of £144.7m and a pre-tax profit of £2.1m for the year ending 31 December last month, says that there is “no certainty that an offer for the company will be made or proposed”. Stobart is required to either announce a firm intention to buy Autologic, or withdraw its […]
The MT Tracker would like to pretend that it has delayed its posting by a day because it was waiting for Norbert Dentressangle to list on the NYSE Euronext stock exchange in London today (currently its market capitalisation stands at €615m – or £526.4m) but unfortunately it was the MT Awards yesterday and time just ran away…