Stobart Group has made a “solid” start to its financial year despite a cold and wet June followed by the July heat wave causing volatility in its retail distribution business. The Group said today (23 August) that in the six months to the 31 August its transport and distribution division had “performed well” and it had begun to implement Eddie Stobart systems and processes into Autologic as it looked to improve the divisions profitability. The changing weather patterns had led […]
DBAY Advisors offers to buy controlling stake in Eddie Stobart Logistics and inject £55m of financing
Private equity investor DBAY Advisors has offered to buy a controlling stake in Eddie Stobart Logistics (ESL).
Never mind if you can’t read, download or browse Motor Transport on your commute to and from work – you can now listen to it! Subscribe on iTunes to our new, regular podcast to hear our journalists discuss and debate the hot news of the past week. In our launch edition we talk about the level of Driver CPC compliance, Boris Johnson and the new London safer lorry scheme. We also discuss Eddie Stobart Logistics and the return to the […]
Supermarket giant Tesco has appointed Andrew Woolfenden as its new UK distribution director, following the naming last week of former incumbent Alex Laffey as chief executive of Eddie Stobart.