Stobart Group has said a £25m windfall generated by a property sale this month will be held in cash pending reinvestment or used to repay debt. The windfall results from the sale by Stobart’s estates division of an investment property at Admiral Retail Park, in Eastbourne, which the firm took on in February 2012 for £22.1m, estates division CEO Richard Butcher told Motortransport.co.uk. Around £600,000 has been spent on improvements to the site during that period, he added. The deal […]
Culina Group chief executive Thomas van Mourik (pictured) has slammed the government’s handling of Brexit, insisting the movement of goods between the UK and Ireland remains “a big bloody mess” that has cost operators “a boatload of money”.
DX Group has issued a profit warning, citing the shortage of HGV drivers as a key factor in driving up costs.