Stobart Group’s plans to partially divest its transport business, creating a new private company Eddie Stobart Logistics, has received the backing of shareholders at a general meeting today. The plan was backed by more than 96% of shareholders earlier today, and is expected to complete within ten working days. A special resolution to buy back up to 35.4 million ordinary shares as part of the transaction was also waved through with full shareholder support, attracting backing of 99.86%. The deal […]
The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful.
More than 180 drivers at Eddie Stobart’s Tesco DC in Doncaster are set to strike for 48 hours next week following last month’s vote in favour of industrial action. The strike will run from early Tuesday morning (9 October) and will disrupt supplies to Tesco stores in the Yorkshire and Humber region, said Unite. The action, which more than 90% of staff voted for, follows a move by Stobart to issue termination notices to 183 drivers on 5 September after […]